SALES AWARDS FAQS
2016 Sales Awards Recognition
Check out Team info here.
Frequently Asked Questions
Who qualifies for the Chicago Association of REALTORS® Sales Awards?
A: All C.A.R. MRED subscribers, including designated REALTORS®, qualify for residential category awards. The estimated minimum production thresholds to be recognized as a C.A.R. 2016 Sales Awards top producer are $8 million in volume or 27 units closed in MRED. These estimated thresholds are based on current production data pulled from MRED. The final data pull from MRED will occur in January, 2017. The final minimum thresholds may be adjusted slightly, based on this data. The deadline to opt-out of the awards has passed, if you need assistance please contact firstname.lastname@example.org.
What if I co-listed a property?
A: For the purposes of the Sales Awards, only the primary listing agent shown in MRED receives credit for the transaction. Transactions listed in MRED as teams will be recognized as teams.
What types of properties qualify for the awards?
A: Qualifying residential properties include types 1, 2 and 3. Qualifying commercial properties include: Multi-Family 5+, Office/Tech, Bus/Bus w/Real Est, Retail/Stores, Mixed Use, Instut/ToDevelop, Industrial, Cross Property (Comm).
What is the time period?
A: Properties that closed between 1/1/16 and 12/31/16. If a property is pending and doesn’t close until after 12/31/16, it will not be eligible until the following year.
Where must properties be located?
A: All properties that are in the MRED are eligible. You are not restricted strictly to “Chicago” properties.
How many properties must I have closed in order to qualify?
A: The levels will be set based upon the final figures pulled following midnight on Sunday, January 15, 2017.
When/Where will I be recognized?
A: The Sales Awards Recognition Reception will be held on March 23, 2017 at the Drake Hotel Chicago, 140 E Walton Place, Chicago, IL. Depending on your sales volume and/or numbers of units, you may be recognized:
- in the Chicago REALTOR® Magazine special Sales Awards edition,
- on screen during the Sales Awards Reception,
- on stage during the Sales Awards presentations, or
- a combination of all three.
You will be notified prior to the event regarding which manner you will be recognized.
What if my property is not in the system?
A: Residential property sales must appear in the MRED system in order to qualify. FSBOs do not qualify unless you listed the property prior to selling it.
What if the listing broker will not update the cooperating agent field to include my name?
A: Contact MRED Rules and Regulations at (630) 955-0011. Adjustments to sales totals will not be accepted after midnight on Sunday, January 15, 2017.
How do I verify my data?
- Listing Agent = LAG = your six digit MRED number (beginning with a 1)
- Selling Agent = SAG = your six digit MRED number (beginning with a 1)
- Closed_date: 1/1/16 – 12/31/16