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FEES AND DUES
ACCOUNT AGREES TO PAY THE
FOLLOWING
Account joining on website
A.
Nothing upon joining, and nothing until the first
transaction (sale or purchase).
B.
At
time of first transaction: Monthly Dues will begin of
only $20.00
OBM per month.
C.
BROKER FEE, Buyer pays 10% cash (U.S.
Currency) Broker Fee to OBM of the
gross purchases made from other OBM
Accounts. Travel and most purchases made through
Reciprocals is 15%. In the event the seller negotiates
part of the sale to be paid in cash, (in accordance with
the Rules and Regulations) the seller will pay the 10%
Broker Fee on the cash portion.
D. DEFICIT
BALANCE: Account pays an additional fee of one
and one-half percent (1½ %) percent in OBM
per month on the deficit balance (amount which purchases
exceed sales at month end cut off). Account agrees to
sell at one hundred percent (100%) OBM
for amount of deficit, plus interest, may not refuse
sales, and must sell their products or services at their
prevailing cash prices. Failure to do so will result in
immediate termination of Account in accordance with the
Rules and Regulations, and the outstanding deficit
balance immediately due in cash (U.S. Currency) to
OBM. Negative
balances become due and payable in cash whenever cash
fees become more than ninety (90) days past due.
E.
CASH
INTEREST: A charge of one and one-half percent
(1½ %) cash (US Currency) interest per month will be
charged on cash fees not received by OBM
by next month's closing after month due.
F.
METHOD OF
PAYMENT: Auto Pay: Account agrees to the
following, to keep a completed, signed, Auto Pay form
with current information on file with
OBM.
OBM
may debit Account’s Auto Pay for any cash owed by
Account at
OBM’s discretion. OBM will not
approve any purchase without a current Auto Pay Form on
file. If Auto Pay is declined
OBM
may debit Account’s cash account for $25.00.
Account joining though an
OBM
Marketing Rep
In addition to all the
above, a one time Publication Fee of only $395.00 Cash
at time of joining.
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