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How to Make Money as a Notary

How to Make Money as a Notary

 Otherwise, there are so many ways to earn money today other than having a simple full-time job or being an employee. Some of the employment opportunities that are often ignored are being a notary public. The notary public profession can be a good source of income and part time/ full time business venture for anybody who wants to venture into the business. In this guide, you’ll learn everything that you need to know about earning money as a notary-from getting started to earning the most. 

 This paper is aimed at Dissecting the Role of a Notary Public 

 A notary public is an officer of the state government who is legally authorized to act as a witness during the signing of some important papers. The primary responsibilities of a notary include:The primary responsibilities of a notary include: 

 The last step wherein an organization has to confirm the identity of the signers. 

 Making certain that the signers of the documents avail themselves with the contents of the documents. 

 Making sure that, the signers of the documents are willingly signing those documents. 

 Administering oaths and affirmations. 

 Notaries have an important legal function of both protecting the population against forgeries and maintaining the relevant documents’ credibility. 

 Notarial License and Services 

 Step 1: These are some conditions that must be fulfilled for a person to qualify for a loan. 

 As a notary, there is always a condition that one has to meet before being appointed a notary; this is always dependent on the state. Common requirements include: 

 The first one is being at least of the legal age, that is, an 18-year-old and above. 

 The first important requirement that cannot be skipped is being legalized in the state that you want to register as a notary. 

 Not having any felony convictions or any south of a certain severity criminal record. 

 Literate in English with reading and writing skills in order to comprehend ideas put down and also convey information as is required out of the task. 

 

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 Step 2: Finalize the Application Process 

 The qualifiers for these scholarships are as follows and once you fulfill this criteria, then the next thing would be to apply. This typically involves: 

 Filling out an application form: A majority of the states use online applications for the submission of the applications, although there are some that might only allow for the submission of a paper application. 

 Paying a filing fee: It differs from one state to another but commonly ranges from $20 to $100. 

 Taking a notary training course: In some states one must take a training course and take a test after completion of the training course. This lesson describes a notary public’s functions, Notary laws or policies by state, and recommendations. 

 Submitting a bond: Some of the states provide that notary public must obtain and maintain a surety bond, which safeguards the public as a result of acts of the notary. The amount of the bond depends on the state but commonly it ranges between $5,000 and $15,000. 

 Step 3: Get Your Notary Products 

 After your application has been granted a notary commission certificate shall be awarded to you. To perform your duties as a notary, you will need the following supplies:To perform your duties as a notary, you will need the following supplies: 

 Notary seal or stamp: This is used to attest documents and in most of the states is mandatory. 

 Notary journal: This serves to register all notarial acts and, therefore, it is crucial to the undeniable fact keeping system. 

 Notary certificate forms: These formal documents are printed beforehand, and notarial ones are, for instance, acknowledgments and jurats. 

 Step 4: Market Your Services Once you have the above four things in place, the next step is to market your services. 

 With this in mind, now that you are a notary public, let the world know about it and search for clients to serve. Here are some strategies to get started:Here are some strategies to get started: 

 Create a professional website: It is crucial to have a website; nobody will look for services offered, prices, and contacts in the yellow pages’ days. Market your notary service online by making your website easily searchable for those clients who are searching for notary services on the internet. 

 List your services on online directories: Thus, the web-based radio Notary Rotary, 123notary, Yelp are well-known sites where people go in search of notaries. Use these platforms to market yourself; it is wise to create a profile. 

 Network with local businesses: Most of the businesses like lawyers, estate agents, banks and many others use notary services often. Contact these businesses and explain how you can be of help. 

 Use social media: Social media sites including Facebook, LinkedIn and twitter are ideal to market your services and get potential customers. Participate in activities of the local community based organizations and actively seek to mingle with members. 

 

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 Ways of Getting Paid as a Notary 

  1. Charge for Notarial Services 

 To make money as a notary the simplest way, though unlawful, is by charging for notarial services. The amount of fees to charge depends on the type of notarial act and is controlled by the state law. Common fees include: 

 Acknowledgments: On average between $5 and $15 per signature. 

Jurats: The cost is calculated to be usually between $5 and $15 per the required signature. 

 Oaths and affirmations: Something like $5 for every oath/affirmation taken. 

 Copy certifications: Usually between $5 to $10 per page, although this may be affected by a number of factors such as availability, demand and individual writer’s rate. 

 Such fees are quite reasonable, though the variety of notarial acts may eventually become quite significant if you promote your service properly. 

  1. Become a Mobile Notary 

 Mobile notaries work for their clients, going to clients ‘residences or any other place where notarial services are required making it easier for the clients. Mobile notaries earn extra charges based on the distance they have to cover from their base and this can partly earn you a lot of cash. Out-of-town travel costs are incurred on a per mile basis or as a lump sum and should expressly be discussed with the client. 

  1. Offer Loan Signing Services 

 Among all the possible specialized niches that notaries can work in, one of the most profitable ones is the niche of loan signing services. Notary signing agents or loan signing agents are business people who oversee the signing of documents that are related to mortgage loans. This position prefers further training and licensing but the potential earnings are huge. Loan signing agents earned anywhere between $75 and $200 per appointment, it is therefore, a highly lucrative profession. 

 To become a loan signing agent, you will need to:To become a loan signing agent, you will need to: 

 Complete a loan signing agent training course: You do not need to search far and wide for training since there are companies that will provide that service, for instance, the National Notary Association NNA. 

 Pass a background check: Many lenders and title companies conducting loan signing have a policy where loan signing agents must go through a background check. 

 Obtain a certification: Although it can be optional, getting certified can increase your authority in the field and during the interviews. 

  1. Produce Remote Online Notarization (RON) 

 As a result of the improvements in technology, remote online notarization or as it is commonly referred to as RON has taken root. RON enables notaries to carry out notarial acts through the use of telecommunication means such as video-conferencing. This can be rather suitable for clients and can also be a good opportunity for notaries to increase the circle of their activity. 

 To offer RON services, you will need to:To offer RON services, you will need to: 

 Check state laws: One thing to note is that not all states support RON so this has to be confirmed by the state’s laws. 

 Obtain RON-specific training and certification: Some states have laid down rules that before one can perform RON, he or she has to undergo further training and certification. 

 Invest in RON technology: To conduct online notarizations, you must have a computer, webcam, microphone, and a reputable RON platform that can be trusted to conduct business.

  1. Specialize in Niche Markets 

 These areas of specialization are likely to help you find a niche in the market hence be able to compete for the high paying clientele. Some niche markets for notaries include:Some niche markets for notaries include: 

 Real estate transactions: Notaries sometimes deal with matters of real estate especially in deeds, titles, and mortgage documentation. 

 Legal documents: Some of the common documents which need notarization include affidavits, powers of attorney and wills. 

 Medical documents: They can help with the notary of documents that are medical like the advanced directives and the consent documents. 

 Corporate documents: In ventures, it can be seen that needs of notaries include contracts, agreements and even resolutions. 

  1. Offer Apostille Services 

 The word apostille is defined as an attested duplicate that qualifies a signature of an officer in the document that belongs to another country. Notaries can perform apostille services because this process shows wherein the apostille is gotten from the right state authority. This could be a great service to clients who require documents that are to be used internationally to be notarized. 

  1. BT Conduct Notary Workshops and Training 

 If you possess rich experience and sufficient knowledge as a notary, then you should conduct your Seminar/training for those notary candidates who want to be professional. You can organize seminars in different formats, live or online, aimed at teaching notary laws, recommendations on work, and strategies of creating a successful notary business. One of the effective ways of exercising this can be to make monetary charges on those workshops that you offer. 

  1. Partner with Signing Services 

 Signing services work as agents, who connect notaries with signing jobs, thus, these notaries get structured signing work. Signing services receive a percentage of the fee but offer flow for the new notary public to get jobs consistently. If one signing service cuts you off, you should have the other to make sure that you have an assured income. 

 Advices on how to Increase you earnings as a Notary 

  1. Provide Excellent Customer Service 

 Promoting the service to customers would help to gain a reputation for quality services hence client encourage the use of this service again and even recommend it to others. Always be on time, formally dressed, and polite in any communication that you have. Extra mile is always appreciated by clients and could be a way in which you differentiate yourself from the other notaries. 

  1. Continue Your Education 

 There is a need to attend a course from time to time in order to update on the notary laws and practices. Some of the states make it mandatory for notaries to undertake the continuing education for the commission to be renewed. Further, one can also apply for more certifications like certified signing agent, remote online notary to improve oneself along with having more demand in the market. 

  1. Network with Other Professionals 

 Membership in professional organizations, forming good relationships with the realtors, lawyers and title companies will act as a gateway to new business. Make it a habit to go to fairs, become a member of professional associations, or follow forums where key trends are discussed. 

  1. Full use of technology Such over reliance on technology increases operational efficiency for firms, though at the same time pose some risks that may need to be managed. 

 Consumption of technology enhances efficiency in the operations of an organization. It is recommended to financially invest in programs such as an accounting software for the company’s financial management, an appointment scheduling software for timing management and advertising tools for marketing the services. Also, such advantages of electronic notary journals and digital certificates should also be taken into account. 

  1. Understand Your Bills and Co-payments 

 This means that every notary working for himself or herself has several ways of declaring taxes, for instance, papers used, transport costs and market expenses. Remember to document all your expenses and consider talking to a tax adviser, so you get the most out of your expenses and do not violate any rules. 

  1. This shirt is going to stay compliant with state laws, to some extent, but only because there are so many laws in so many states which can be followed. 

 Staying up to date with the region laws is important in ensuring that your notary commission is not at any risk of being drafted into any legal cases. Major guidelines to follow include; Staying abreast with notary laws of your state, renewing your commission before it expires, and performing your duties in the best way possible. Always remember to refer to your state’s notary handbook and it is advisable to contact professional associations in case of any challenges. 

 Conclusion 

 Notary public is a good flexible job to work and people can do it part-time or as their main source of income. This, of course, outlines that it is possible to grow the notary business as long as one has met the requirements to become a notary, acquire the necessary supplies and market their services appropriately. Possible income avenues that would enable you to earn a good income include the following: mobile notarization, loan signing services, remote online notarization. Thus, everyone can be a notary and receive a relatively stable income as well as experience personal and professional growth.

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