Have Questions About Our Award Program?
Check out our frequently asked questions below. You may email us at [email protected] to if there’s anything we can answer for you.
APPLICATION PROCESS AND ENTRY FORM
Sales transactions that occurred during the current PT50 fiscal year (September 1, 2018-August 31, 2019) account for 60% of the applicant’s overall total score. Both production and units closed are ranked based on the highest overall reported total for each. An applicant will then receive a percentage of points based on where they fall in relation to the highest score. Sales Production does not include leases or rentals. All applicants will be asked to provide Platinum Top 50 with a contact at the broker level who is authorized/has access to the requested sales data. The person listed will receive an automated notification, after the August 31st deadline, that indicates an agent has requested they submit production on their behalf. All production submissions must be received by September 15. For TEAM Sales Production: Refer to TEAMS FAQ The PT50 year runs from September 1st of the previous year to August 31st of the current year. Information provided on the application should reflect transactions closed in the PT50 year. The sales production needed to complete ones application is requested by PT50 after the August 31st entry form deadline, and provided by someone at the broker level. All applicants are notified, and finalists are announced, in mid-October. The Annual Awards Ceremony is hosted in December at which time the winners are revealed. All PT50 applicants are scored using a combined total including sales volume, units closed, and points accumulated on the application for community and industry participation. A third-party software ranks each application, based on this combined total, and provides an auto-generated output of the top 50 agents. All reported sales and activities must have . occurred between September 1, 2018 andAugust 31, 2019. Production and units closed for teams will be divided by the total number of reported team members per the PT50 definition of “team.” Entry forms may be submitted online beginning August 1 and are due by August 31st. Points earned on the entry form for their Community Involvement, Industry Participation and Designations account for 40% of the applicant’s overall total score. The remaining 60% of the applicant’s score is derived from sales production provided by the broker after the August 31st entry form deadline. The time frame for production, industry involvement, and community involvement follows the PT50 fiscal year of September 1st- August 31st. When completing the entry form, applicants should only include industry involvement, donations and community service hours that occurred during the fiscal year. Designations may be included regardless of when they were earned assuming the designation is still recognized and active. If selected as a Platinum Top 50 Finalist, the information submitted through the Entry Form is used on the applicant’s online profile. Please so be sure to provide a well written biography and current contact information. Platinum Top 50 accepts only one (1) entry form per individual or team. Brokers applying for the PT50 award will be asked to provided the name and email address of an authorized contact within their organization (at their office or at the broker level) who has access to their sales documentation and can officially verify their production and closed sides. This person cannot be an assistant. After the application deadline, the provided contact will receive an automatic notification to supply the sales information for the applying agent. Transactions not recorded with MLS will be verified with a closing statement. Closing statements for individual transactions may be required for additional verification. Both the applicant and authorizing agent will be asked to sign an acknowledgement certifying that all provided information is true and correct. 15% of an applicant’s overall score is derived from the Industry category. The category is a combination of Industry Involvement and Designations with each segment contributing 7.5% of the overall score. Industry Involvement includes participation in organizations recognized by NAR, TAR, and an applicants Local Board and/or Associations only. Up to 3 points can also be earned in this category for attendance at PT50 events since September 1, 2018. Applicants will receive points for designations held as recognized by NAR, TAR, Local Board/Associations, or Champions School of Real Estate. 25% of an applicant’s overall score is derived from the Community Involvement category. Organizations submitted for Community Involvement points can only be listed twice on the application: once for a monetary donation and once for volunteer hours for a maximum of 6 points per organization. A total of 15 individual entries will be accepted in this category and can be a combination of monetary donations or volunteer hours. The contributions of time and resources must have been completed between September 1, 2018 and August 31, 2019. Example of maximum 6 points per organization: “I served as a non-profit Board Member for 17+ hours and I donated over $500 during the PT50 Fiscal year” Teams should only count Community Involvement performed by the team lead applying for the award. The Platinum Top 50 website is a resource for consumers to connect with, and learn more about, PT50 Members so please keep that in mind when completing the application. Biographies of winners and finalists are featured on the website and are utilized for promotional purposes through social media channels and blogs. Points earned on the entry form and sales production obtained by an applicant’s broker are combined and uploaded to a software program which automatically sorts the data and ranks applicants from highest to lowest based on their average total points. Equal weight is given to an applicants Sales Production, Closed Sides, Industry Involvement, Continuing Education, and Civic Leadership. Total rankings are used to determine Winners vs Finalists. You are allowed to apply as an individual only if you perform 100% of the sales functions for your business. If you employee or contract 1 or more additional licensed agents (hired on or before August 1,2018) who directly contributes to the overall sales, you are required to apply for the PT50 award program as a team and report the number of “team members” as defined by PT50. “Team member” is defined as a licensed agent who is actively engaging in buying/selling selling properties alongside the team lead. A team member is either a full-time or part-time employee or sub-contractor, who directly contributes to the sales efforts of the team lead. A team member generates and nurtures leads, drafts contracts, and has regular interaction with clients (including, but not limited to, attending orientations, listing appointments, negotiations, etc.). This person mainly functions in a sales capacity. A team member is paid for by the agent, either per transaction, or salarie Both individuals and teams are allowed to employ/contract licensed and/or unlicensed agents who function in a strictly administrative capacity. Teams will not be required to report these agents on their application.Sales Volume and Units Closed
PT50 Year
Scoring System
Entry Form Specifics
Sales Production for Individual Broker Applicants
Point System for Industry/Designations
Points for Community Involvement
Profile, Picture, and Biography
Finalists and Winners Chosen
Am I an Individual or a Team?
COMMUNITY INVOLVEMENT
Platinum Top 50 seeks to reward top real estate professionals who ‘give back’ through volunteering and donations to the communities in which they serve. Generously giving of personal time and resources, ultimately leads to a more unified and desirable city to live and work in, and enhances the professional image of those in the real estate industry. Community involvement is 25% of the overall point system. Community involvement is an applicant’s participation in a civic or philanthropic organization, association, or event where the volunteering of time or monetary resources are provided. A few examples of community organizations include, but are not limited to: Local non-profit organizations e.g. Food Bank, Habitat for Humanity, Haven for Hope, Goodwill, CASA, Big Brothers Big Sisters, The Battered Women and Children’s Shelter, The Children’s Shelter, Warrior and Family Support Center, Fisher House Foundation, Hill Country Daily Bread Ministries, Mobile Loaves and Fishes, SAMMinistries.Community Involvement Defined
Examples of Community Organizations
DESIGNATIONS
INDUSTRY INVOLVEMENT
Industry involvement is a combination of Designations and Certifications found on page 2 of the entry form, and involvement in Industry Organizations found on page 3 of entry form as recognized by NAR, TAR, and the applicants local Board or Association. Neither Broker specific accolades, designations nor committees should be listed as Industry Involvement. Designations/Certifications are accepted from NAR, TAR, an applicant’s local Board or Associations and PT50 affiliated education partner Champions School of Real Estate only. NAR recognized Designations and Certifications TAR recognized Designations and Certifications Champions School of Real Estate Designations and Certifications Refer to your local Board of Association for a list of recognized Designations and Certifications Designations/Certifications from professional or higher education certifications outside of NAR, TAR, an applicant’s local Board or Associations and PT50 affiliated education partner are not accepted. e.g. CPA, MBA, Attorney at Law etc. In-house Broker or National Training Programs not related to NAR, TAR, an applicant’s local Board or Associations and PT50 affiliated education partner are not accepted. e.g. Ninja Selling, Cartus Relocation, Christie’s International Real Estate, Brokerage Specific Training Classes Accepted industry organizations include only those officially recognized by NAR, TAR, and an applicant’s local Board or Associations. TAR Recognized Committees and TREPAC Refer to your local Board of Association for a list of recognized affiliated organizations such CRS, WCR, TRLP and YPN.Industry Involvement Defined
Accepted Designations/Certifications
Not Accepted Designations/Certifications
Industry Memberships and Committees
SPECIAL CATEGORY AWARDS
Five special awards are given to individuals because of their extraordinary accomplishments, contributions, and impact on our local industry and community. There are 5 special category awards: Newcomer of the Year, Trainer of the Year, Executive of the Year, Partner of the Year and Career Achievement. NOTE: Newcomer of the Year nominees must have been licensed within the last 24 months prior to September 1st of current year to qualify as a “Newcomer” All Nominees will be notified by November 15th. Nomination forms for Special Category Awards will open October 1 and will be accessible via the links below. Nominate Newcomer of the Year NOTE: Newcomer of the Year nominees must have been licensed within the last 24 months prior to September 1st of the current year to qualify as a “Newcomer”Special Category Awards
Nominating for a Special Category Award?
Nominate Trainer of the Year
Nominate Executive of the Year
Nominate Partner of the Year
Nominate Career Achievement
TEAMS
A team is defined as 2 or more licensed agents (“team members”), operating under one business operation where more than one agent directly contributes to the overall sales efforts. “Team member” is defined as a licensed agent who is actively engaging in buying/selling selling properties alongside the team lead. A team member is either a full-time or part-time employee or sub-contractor, who directly contributes to the sales efforts of the team lead. A team member generates and nurtures leads, drafts contracts, and has regular interaction with clients (including, but not limited to, attending orientations, listing appointments, negotiations, etc.). This person mainly functions in a sales capacity. A team member is paid for by the agent, either per transaction, or salarie Teams DO NOT combine designations, certifications, industry or civic leadership for points. Only list those that are held by the individual completing the application on behalf of the team. Platinum Top 50 accepts only one (1) entry form per team. A team member is defined as a licensed agent who is actively engaging in buying/selling selling properties alongside the team lead. A team member is either a full-time or part-time employee or sub-contractor, who directly contributes to the sales efforts of the team lead. A team member generates and nurtures leads, drafts contracts, and has regular interaction with clients (including, but not limited to, attending orientations, listing appointments, negotiations, etc.). This person mainly functions in a sales capacity. A team member is paid for by the agent, either per transaction, or salaried. Sales transactions that occurred during the current PT50 fiscal year (September 1, 2018-August 31, 2019) account for 60% of the applicant’s overall total score. Both production and units closed are ranked based on the highest overall reported total for each. An applicant will then receive a percentage of points based on where they fall in relation to the highest score. For teams, both the reported totals for sales volume and units closed will be divided by the number of reported team members. Teams should report all closed transactions for every sales agent (hired on or before August 1, 2018) that occurred during the September 1-August 31 timeline. Sales volume does not include leases or rentals. All applicants will be asked to provide Platinum Top 50 with a contact at the broker level who is authorized/has access to the requested sales data. The person listed will receive an automated notification, after the August 31st deadline, that indicates an agent has requested they submit production on their behalf. All production submissions must be received by September 15. For definition of team member, refer to the team FAQ. Applicants applying as a team may only submit the contributions of (1) ONE team member. Combining team designations, certifications, and civic leadership activities can result in disqualification. The team member completing the application on behalf of the team is responsible for ensuring that only one team members contributions are listed for points in the categories of Education/Industry Involvement and Civic Leadership. When creating your profile, you will see a field titled ‘Preferred Name on Award Certificate.’ Enter your team or business name as you would like to be referenced on the PT50 website and future publicity. The Platinum Top 50 website is a resource for consumers to connect with, and learn more about, PT50 Members so please keep that in mind when completing the application. Applicants applying as a team may only submit the contributions of (1) ONE team member. Combining team designations, certifications, and community service activities can result in disqualification. The team member completing the application on behalf of the team is responsible for ensuring that only one team members contributions are listed for points in the categories of community, industry, and designations.Team Entry Forms
Team Members for Application
Team Sales Volume and Units Closed
Team Points for Education/Industry Involvement and Civic Leadership
Team Recognition
Team Profile, Picture, and Biography
Team Points for Community, Industry and Designations