Membership Fees
The membership fees are determined by the number of users (Agents/Reps) your organization plans to add to the member account. You can opt for either annual or quarterly payment plans, with the pricing structure outlined above for your convenience.
MRAM Purchased for Transactions
Upload Fee for Note/Lien Proposal: $50.00
Commitment Between Note Seller/Note Buyer Fee: $950.00
Our proprietary credit system, MRAM, serves as an internal credit system to facilitate swift and seamless transactions on our platform. Each MRAM is valued at $1.00 USD. To initiate the process of uploading note/lien proposals into the MAMRAMIM bidding engine, Note Sellers are required to have 1,050.00 MRAM ($1,050.00) per transaction. If there are no commitments made between a Note Seller and a Note Buyer, the only fee incurred by the Note Seller is 50.00 MRAM ($50.00) per transaction.
Within the MAMRAMIM bidding engine, Note Sellers can present their proposals for anonymous viewing and bidding by potential Note Buyers. Each proposal remains open to receive bids for a maximum of 72 hours before expiring. If a proposal fails to attract bids within this timeframe, we recommend a reevaluation, which may involve enhancing supporting documents, adjusting terms, etc.
Upon mutual agreement between a Note Seller and a Note Buyer within the bidding engine, both parties will sign a "Commitment". At this stage, 1,000.00 MRAM ($1,000.00) will be deducted from the Note Seller's MRAM balance. The MAMRAMIM commitment fee is $950.00, and an additional 50.00 MRAM ($50.00) will be temporarily placed on "hold." This hold is lifted once the Note Seller returns to the bidding engine and marks the transaction as "sold" or "canceled," as well as rates their experience with the Note Buyer.
Upon rating, the 50.00 MRAM previously on hold will be released back to the Note Seller’s MRAM ledger.
NOTE: If the transaction is NOT rated within 30 days of the transaction being marked “sold” or “canceled” the Note Seller will forfeit the held MRAM.