Financial Policies

FINANCIAL POLICIES FOR BAR & MLS BILLING

Example for Birmingham Association of REALTORS®, Inc. (BAR)

January 2nd Membership statement is emailed. Charges are due upon receipt and must be received by March 1st. If payment is not received by March 1st, BAR membership is terminated. To rejoin, a person must pay $200 ($100 to BAR and $100 to AAR) plus dues.

  • Membership termination occurs 60 days from the due date.
  • BAR dues may be paid online using VISA, MasterCard or American Express

Example for Birmingham Area Multiple Listing Service, Inc. (BAMLS)

April 1st Statement is emailed for April-May-June dues & fees, and for Jan-Feb-Mar lockbox rentals. Charges are due upon receipt and payment must be received by May 15th to avoid service disruption. If payment is not received by May 15th service is cutoff and a reinstatement fee of $25 is incurred. A member must pay past due amounts plus the reinstatement fee in order to restore service.

If payment is not received by July 1st (90 days from due date), MLS and BAR membership is terminated. To rejoin BAR a person must pay $200 ($100 to BAR and $100 to AAR) in Initiation Fees plus monthly prorated dues. To rejoin MLS a person must pay $120 to MLS plus all past due amounts.

  • MLS billing is quarterly, with dues & fees in advance and lockbox rentals in arrears.
  • Service cutoff and a reinstatement fee are incurred 45 days from the due date.
  • Membership termination occurs 90 days from the due date.
  • MLS charges may be paid online using VISA, MasterCard or American Express.