Million Dollar and Top Producer Awards
SAVE THE DATE: REALTOR® GALA – Saturday, March 17, 2012
Harbour View - 13200 Marina Way, Woodbridge, VA
Complete applications are due by January 20, 2012. A $25 Late Fee will be charged for applications received between January 21 – February 3, a $50 Late Fee will be charged if received between February 4 - February 17.
Application Details
The Million Dollar Club, sponsored by the Prince William Association of REALTORS® (PWAR), is composed of outstanding members who are REALTORS® (Primary and Secondary) and who have attained certain designated goals of salesmanship. Any REALTOR® member who attains one of these goals is entitled to membership if he/she is otherwise qualified, and is associated with an Association member firm in good standing. Recipients are recognized for volume in two separate categories.
Individual This category is designed for those members whose principle activity involves the listing and sale of Real Estate (including commercial and new homes transactions.)
Million Dollar $1,750,000 - $4,499,999
Top Producer $4,500,000 or greater
Team
This category is designed for those members (Teams) whose principle activity involved the listing and sale of Real Estate (including commercial and new homes transactions.)
Million Dollar $2,750,000 - $7,299,999
Top Producer $7,300,000 or greater
You may apply for a volume award by downloading and completing this application:
(right click on the link and click Save As to download the file you need)
Individual/Team Award Application
2011 Awards Criteria and Rules
SPECIAL AWARDS NOMINATION FORMS
Forms Due February 3, 2012
Sales Associate of the Year Award
Frequently Asked Questions
1. What do I need to submit in order for my application to be considered complete?
2. What benefits do I receive with the award?
3. How can I download my MRIS Agent Sales Report?
4. What if my New Homes Sales do not show up on my MRIS Sales Agent Report?
5. What if I have changed firms during the contest year?
6. Shared volume?
7. Who do I contact if I have further questions/concerns?
What do I need to submit in order for my application to be considered complete?
The completed application must include the following items:
1. Application
2. MRIS Agent Sales Report
3. Non-refundable $35.00 Application Fee
4. Late fees if required: $25 Late Fee January 1 – February 3, $50 Late Fee February 4 - February 17
5. Agent Signature on Application
What benefits do I receive with the award?
*All applicants will receive an email indicating that their application has been received and is complete.
*All members whose applications have been approved will receive a Million Dollar/Top Producer marketing email
*This marketing tool will include the PWAR Million Dollar and Top Producer logos and marketing rules and tips. If you apply by the January 20, 2012 deadline you will receive this email in February 2012, otherwise you will receive this email following the Realtor Gala, March 17, 2012.
*Award recipient names will be published on the PWAR web site.
*Opportunity to advertise as a PWAR 2012 Million Dollar OR Top Producer
How can I download my MRIS Agent Sales Report?
To produce your Agent Sales Report, simply follow these steps:
1. Go to http://www.mris.com and Log in
2. Hover mouse on MRIS Customers, click on My Account
3. Click on Agent Sales Report
4. Select the Year, click on Show Results
What if my New Homes sales do not show up on my MRIS Sales Agent Report?
Agents can enter new homes comps the same way that they would enter a listing. Below are the steps to enter a comp into Keystone:
1. Log into Keystone
2. Add a Listing
3. Select Sold as the status
4. Enter "Yes" for the field called For Comp Purposes Only Y/N
5. Use agent number "12345" as the Listing Agent
6. Fill in all mandatory fields
7. Submit to MLS
What if I have changed firms during the contest year?
If you have changed firms during the contest year, you are required to report volume earned at each on your application. Brokers from each firm must sign your application in order for the application to be complete. Each applicant for the Million Dollar or Top Producer Club shall notify his/her Principal Broker or Sales Manager with whom he/she is associated with as of December 31 and must have signatures from all Principal Broker or Sales Managers with whom he/she was associated with during the qualification year. If a Broker makes a change to submitted volume (whether within their own office or with another brokerage), the reason for the change must be put in writing, clearly outlining the facts and reason for the change, and must be supported by any material documentation related to the circumstances. This information must be submitted to the committee at the time of application or upon request during the awards application review process. The committee will evaluate the information submitted by all individuals involved in the change in volume and promptly render a decision that is most adequately and accurately supported by the rules/regulations of the awards program. All brokers involved will be notified in writing of the final decision.
Shared Volume/Referral Fees and Relocation Fees?
In the event a shared sale or a shared listing is made between two or more members in the same company, he/she will receive only that pro-rated share he/she is entitled to. Any shared sale or listing of less than 33% compensation to the applicant will not count and no credit will be given. This paragraph applies to leasing volume as well. If no compensation is involved, then supporting documentation (i.e. listing agreement, sales contract, etc.), will be provided showing participation. If no documentation is provided, then volume will not be allowed. In the event of a co-op sale or a co-op listing with another company, the company receiving 67% or more commission shall take full credit in volume and points. For example, if any member receives 40% of the monetary compensation, then that member will be allowed 40% of the total volume and points. If a member receives more than 67% of a transaction, said member shall claim 100% of the volume and transaction points on the Association awards form, and no other claims will be allowed. Where a referral fee of 33% or more of the total brokerage has been paid for a prospect, the selling/listing member shall receive applicable credit based on the final sales price. (Agent A refers listing to Agent B; Agent A pays Agents B 33% referral fee; Agent A's allowable volume is 67%). (These do not apply to relocation referral fees.) Relocation fees of less than 33% total brokerage earned strictly for referring out shall not count and no volume will be granted. Finder’s fees, such as those paid on new homes, shall count toward volume and the member receiving the fee may count 100% of the sales price for volume. In the event of a forfeiture, no credit will be given to volume, transaction or points.
Who do I contact if I have further questions/concerns?
Airica Nielsen, Application Administrator
Phone: 703.565-0033 Email:
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MaryAnn Bendenelli, Chairman, Awards Task Force
Office: 703-368-1184 Email:
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