Your Columbus REALTORS® Recognition & Sales Awards Committee works diligently each year looking for ways to improve our awards programs. This year, they’ve made two significant changes to the Million Dollar Sales Awards.
1. Fewer transactions per year
The number of transactions required for each award level has been reduced from 10 transactions to 5 in an award year.
2. Recapture past production
In the past, rules for the One Million Dollar Award required that all production occur within the award year (Nov. 1 – Oct. 31 of each year) and any production earned prior to the award year was lost.
Good News! The rules have been revised to allow members to “recapture” volume earned prior to applying for the One Million Dollar Award.
Here’s how it works…
If you’re applying for the One Million Dollar Award:
You are required to show a minimum sales volume of $1,000,000, coupled with participation in a minimum of five (5) closings for the current award year (November 1, 2016 through October 31, 2017).
But you now have the opportunity to “recapture” the sales production from the time you became a member of the Columbus REALTORS through October 31, 2016. This volume, while unable to be included in the required $1,000,000 in the year of application, will be kept on record as excess volume and available for use when applying for the next award.
If you’re applying for the Five, Ten or 25 Million Dollar award:
Complete the Prior Production Sales Application and include with the application for your current production.
If you’re not applying for a sales award this year:
Feel free to tally your prior production and submit using the Prior Production Sales Application. The committee will audit the production and apply to your excess volume on record so you can use it when you apply next. Or wait until you apply for the next award and submit then.
For more information, rules/regulations and applications, visit Million Dollar Club.
The deadline for all Million Dollar Awards is Nov. 6, 2017.