Austin
 

Award Program FAQ

 

Have Questions?

Check out frequently asked questions below. You may email us at info@PlatinumTop50.com to if there’s anything we can answer for you.


APPLICATION PROCESS AND ENTRY FORM

Sales Production and Closed Sides

Sales transactions that occurred during the current PT50 Fiscal Year  accounts for 50% of the applicant’s overall total score.

  • Sales Production does not include leases or rentals.
  • One point is earned for every closed side
  • If an agent represents both sides of the transaction, then two points are earned

Platinum Top 50 is responsible for obtaining and verifying sales production information from each broker on behalf of the applicant.

For TEAM Sales Production: Refer to TEAMS FAQ

PT50 Fiscal Year

The PT50 Fiscal Year runs (September 1st previous year – August 31st current year

Information provided on the application should reflect the current fiscal year. The sales production needed to complete ones application is requested by PT50 after the August 31st entry form deadline, and provided by ones broker.

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.

Point System Allocation

A Point System is used to automatically rank applicants. The time frame for production, industry involvement, and civic leadership follows the PT50 Fiscal Year of September 1st- August 31st.

The criteria are as follows:

  • 25% Sales Production (obtained from the Broker)
  • 25% Closed Sides (obtained from the Broker)
  • 25% Education/Industry Involvement (during the fiscal year)
    • 1 point –  Designation or Certification (currently held)
    • 1 point –  Membership
    • 2 points – Committee Involvement
    • 3 points – Office or Chair Position
  • 25% Civic Leadership (during the fiscal year )
    • 1 point – $50-$250 contribution AND/ OR 1-8 hours volunteer or leadership activity
    • 2 points – $251- $500 contribution AND/ OR 9-16 hours volunteer or leadership activity
    • 3 points – $501+ contribution AND/ OR 17 + hours volunteer or leadership activity

For TEAM Point System Allocation: Refer to TEAMS FAQ

Entry Forms

Entry forms are submitted through the website and due by August 31st.  Points earned on the entry form account for 50% of the applicant’s overall total score. The remaining 50% 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 civic leadership follows the PT50 Fiscal Year of September 1st- August 31st. When completing the entry form applicants should include earned designations and certifications, industry involvement, civic financial contributions and civic services hours that occurred during the fiscal year.

If selected as a Platinum Top 50 Finalist,  the information submitted through the Entry Form is used on the applicant’s online profile, so be sure to provide a well written biography and current contact information.

Platinum Top 50 accepts only one (1) entry form per team.

Sales Production for Individual Broker Applicants

After application deadline (August 31st) and before September 15th – individual brokers applying must complete the PT50 individual broker form provided by office and submitted to info@platinumtop.com

Transactions not recorded with MLS will be verified with a closing statement

Closing statements may be required for additional verification.

Point System for Education / Industry Involvement

25% of an applicant’s overall score is derived from the Education  and Industry Involvement Category.

 

Education points include Designations and Certifications as recognized by NAR, TAR, Local Board/Associations, or Champions School of Real Estate.

1 point is earned for every Designation or Certification currently held by the applicant.

Industry Involvement includes participation in organizations recognized by NAR, TAR, and an applicants Local Board and/ or Associations only.

1 point / Membership

2 points / Committee Involvement

3 points / Office or Chair Position

For TEAM Education / Industry Involvement: Refer to TEAMS FAQ

Point System for Civic Leadership

25% of an applicant’s overall score is derived from the Civic Leadership category.

Organizations submitted for Civic Leadership can only be listed twice on the application: once for monetary donation and once for volunteer hours for a maximum of 6 points per organization.

 

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”

 

For a list of Accepted Community Organizations; Refer to Examples of Community Organizations

 

For TEAM Civic Leadership: Refer to TEAMS FAQ

Profile, Picture, and Biography

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.

 

  • Profiles and biographies should be current and updated every year.
  • Blurred or non-professional photos will not be accepted
  • Platinum Top 50 utilizes winner and finalist photos for publicity and website content

Finalists and Winners Chosen

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.

CIVIC LEADERSHIP

Civic Leadership Defined

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.

Civic Leadership as related to 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.

Examples of Community Organizations

A few examples of community organizations include, but are not limited to:

  • In – office (brokerage specific) committee, service projects and fundraising
  • HOA’s
  • PTA’s
  • Junior League
  • Chamber of Commerce
  • Alumni Associations
  • Rotary Club
  • Arts and Cultural Associations

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.

EDUCATION / INDUSTRY INVOLVEMENT

Industry Involvement Defined

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.

Accepted Designations/Certifications

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

Not Accepted Designations/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

Industry Memberships and Committees

Accepted industry organizations include only those officially recognized by NAR, TAR, and an applicant’s local Board or Associations.

NAR affiliated organizations

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.

SPECIAL CATEGORY AWARDS

Special Category Awards

Up to five 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:  Career Achievement, Broker of the Year, Manager of the Year, Trainer of the Year, and Newcomer of the Year.

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.

Nominating for a Special Category Award?

A nominee’s broker or manager submits a nominating letter to Platinum Top 50 by November 1st (of current year). When drafting the letter, highlighting achievements are important to the Platinum Top 50 Awards Program such as – the nominee’s professional success, continuing education, industry and civic leadership roles.

Nomination letters are emailed to Kelly@PlatinumTop50.com.

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”

TEAMS

Team Entry Forms

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.

Team Members for Application

A team member is defined as a licensed agent that has been working alongside the team lead for the full duration of the Platinum Top 50 Fiscal year (September 1st-August 31st). Unlicensed assistants should not be listed as team members. Licensed assistants are considered team members.

Team Sales Production and Closed Sides

Total team production and closed sides/units are divided by the number of team members as defined by PT50 criteria.

Sales transactions that occurred during the current PT50 Fiscal Year  accounts for 50% of the applicant’s overall total score.

  • Sales Production does not include leases or rentals.
  • One point is earned for every closed side
  • If an agent represents both sides of the transaction, then two points are earned

Platinum Top 50 is responsible for obtaining and verifying sales production information from each broker on behalf of the applicant.

Team Points for Education/Industry Involvement and Civic Leadership

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.

Team Recognition

At the bottom of page one (1) on the entry form, is 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.

Team Profile, Picture, and Biography

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.

 

  • Team profiles and biographies should be current and updated every year.
  • Blurred or non-professional team photos will not be accepted
  • Platinum Top 50 utilizes winner and finalist photos for publicity and website content