FMLS Billing
FMLS Billing – Quick Reference Guide
Why FMLS Charges You
FMLS bills based on your side of the transaction, not whether you entered the listing into FMLS.
You will be charged if:
- You take a listing in an FMLS compulsory county
- The property closes
- Your brokerage is an FMLS member (Dalton Wade is)
- A Commission Disbursement Authorization is submitted through FMLS
Entering the listing only in GAMLS does NOT exempt you from the FMLS fee.
How FMLS Billing Works
- FMLS uses a compensation-based model.
- If the property is in an FMLS coverage county, the listing fee applies.
- FMLS assumes you benefit from MLS cooperation (comps, exposure, buyer agent access), even if you didn’t upload the listing.
FMLS Broker Closing Fee Cheat Sheet
Formula for Any Sale: Sale Price × 0.0012 = FMLS Fee
**This amount MUST be on your CDA so Dalton Wade can deduct this fee from your commission**
Quick Fee Reference
|
Sale Price |
Fee |
|
$150,000 |
$180 |
|
$200,000 |
$240 |
|
$250,000 |
$300 |
|
$300,000 |
$360 |
|
$350,000 |
$420 |
|
$400,000 |
$480 |
|
$450,000 |
$540 |
|
$500,000 |
$600 |
|
$600,000 |
$720 |
|
$700,000 |
$840 |
|
$800,000 |
$960 |
|
$900,000 |
$1,080 |
|
$1,000,000 |
$1,200 |
|
$1,250,000 |
$1,500 |
|
$1,500,000 |
$1,800 |
|
$2,000,000 |
$2,400 |
Reporting Requirements
- Submit Notice of Closing to FMLS
- Provide Settlement Statement (CD/ALTA/HUD)
- Office is billed after closing; payment is due by the 15th of the next month
Key Rules Brokers Should Remember
- FMLS is compensation-based: you’re billed on your side of the transaction
- FMLS fees apply even if the listing also appears in GAMLS
FMLS Mandatory (Compulsory) Counties
If the property is in one of these counties, FMLS charges the listing fee:
Barrow
Bartow
Cherokee
Chattooga
Cobb
Dawson
DeKalb
Douglas
Floyd
Forsyth
Fulton
Gordon
Gwinnett
Hall
Haralson
Jackson
Lumpkin
Paulding
Pickens
Polk
Rockdale
Walton
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