Last week, the GAAR Board of Director reviewed and revised the Supra Lockbox Library Policy to fit the more diverse needs of mbmership.

Effective as of June 23, 2016:

• Fee for lock boxes has been reduced from $150 to $100 each.
• Stolen lock boxes will not be subject to the $100 fee so long as a police report is submitted to GAAR within 30 days of a lock box being reported as stolen. If a police report is not submitted to GAAR within the specified timeframe, the authorized user agrees to compensate GAAR in the amount of $100 per stolen lock box. All fees issued are subject to the collection policies of GAAR. If stolen lock boxes are not paid for, the authorized user shall be subject to suspension in accordance with GAAR’s collection policy.
• Every authorized user who is a listing broker is eligible to participate in the True-Up Opt-Out plan. Excess lockboxes that are required to be returned to GAAR during the True-Up period can be kept by the authorized user by paying an Opt-Out fee of $100 per lock box.

Effective October 1, 2015:

• Any lockboxes issued from GAAR must be assigned to a listing within 14 (fourteen) days. Those lockboxes that are in excess of the authorized user listings plus 30% that are not assigned to a listing within the specified timeframe, and are not returned to GAAR, shall be subject to a $100 fee per box. 

And, as always, to keep costs down, please remember to return excess lockboxes to GAAR. You can call us to schedule to have your lockbox(s) picked by emailing our Supra Team at supra@gaar.com.