Production Awards

Circle of Excellence Image

Apply now for a 2018 Circle of Excellence Production Award! Submit your completed application to awards@boirealtors.com by Friday, January 25, 2019, at 5:00 p.mLate or incomplete applications received after this date will not be processed.

Individual Production Award Application

Team Production Award Application

To reflect the market growth over the past year, and to recognize those REALTORS® in roughly the top 25% of production as reported in Intermountain MLS, the following outlines the 2018 production award levels for individuals and teams:

  • BRONZE: $3.5-$6 million for individuals; $5.5-$8 million for teams
  • SILVER: $6-$9 million for individuals; $8-12 million for teams
  • GOLD: $9-$12 million for individuals; $12-18 million for teams
  • PLATINUM: $12-$18 million for individuals; $18-$25 million for teams
  • DIAMOND: $18+ million for individuals; $25+ million for teams

 

PRODUCTION AWARD FAQs
Who can apply for a BRR production award?
What does “in good standing” mean?
Why are the award categories different for 2018?
What counts towards a production award?
Can referral income, commission splits, bonuses, or other income be included?
Why does my broker have to sign my application?
How will production awards be recognized by Boise Regional REALTORS®?
I changed brokerages during 2018, how do I include all of my closed production?

FOR INDIVIDUALS
How do I apply as an Individual?
I have agents who work with me and our production is internally recognized as my production. Can I include that in my individual award application?

FOR TEAMS
How does the team award work?
What is an “eligible” team member?
How do I apply for my team?
Can I apply as for an individual award if I’m part of a team award?
What if I was only on a team for a couple of months in 2018? Can the team count my production?
I work closely with several agents in my office. Can we combine our production and apply for a team award?
I’m on a team and the MLS doesn’t show my actual volume. What should I do?

FOR BROKERS
In addition to signing the application, don’t I have to fill out a broker certification form?
One of my agents changed brokerages during 2018, how do I certify all of their closed production?

HONOR SOCIETY FAQs
What is the BRR Honor Society?
Why should I apply?
Do I have to apply for a Production Award to receive Honor Society recognition?

OTHER FAQs
How do I nominate a member for REALTOR® of the Year, and the other awards BRR gives out?
I need help with my application, who can I call?
How will my production application payment display on my bank statement?

 

Who can apply for a BRR production award?

These awards are only open to REALTORS® who are primary members of BRR with membership in good standing. Secondary members are not eligible.

What does “in good standing” mean?

The applicant has fulfilled the requirements for REALTOR® membership with BRR, per the association’s bylaws, and neither has voluntarily withdrawn from membership nor has been suspended or inactivated from membership.

Why are the award categories different for 2018?

The Boise region experienced another year of significant market growth in 2018. To reflect that, and to recognize those REALTORS® in roughly the top 25% of production as reported in Intermountain MLS, the categories were updated.

What counts towards a production award?

ONLY the total dollar volume sold or closed between January 1–December 31, 2018.

  • Example 1: You sold a $500,000 house, so you report $500,000 in your total volume sold on the production application.
  • Example 2: You co-list a $500,000 house and internally recognize 50% of the volume. You would each report $250,000 as part of your total volume sold on your individual production applications.
  • Example 3: Same rules apply if you represented the buyer.

Can referral income, commission splits, bonuses, or other income be included?

No. Only the total dollar volume sold or closed can be included.

Why does my broker have to sign my application?

By signing the application, your broker is certifying that the production volume amount you provided is accurate and reflective of your individual production. BRR reserves the right to audit all production applications.

How will production awards be recognized by Boise Regional REALTORS®?

All award recipients will be recognized on the BRR website, in the Idaho Statesman, and at our Annual Awards Gala on March 8, 2019. (NOTE: We do not guarantee gala tickets for production award recipients.)

I changed brokerages during 2018, how do I include all of my closed production?

If the volume from your previous brokerage is in the IMLS, provide that information to your current broker and he/she can certify your application. However, if the volume from your previous brokerage is not in IMLS, you will need to have your previous broker certify that volume and provide the certification to your current broker with your application.

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FOR INDIVIDUALS

How do I apply as an Individual?

I have agents who work with me and our production is internally recognized as my production. Can I include that in my individual award application?

No. Individuals may not claim the production of other agents on their individual production award application. If you are part of an established and recognized team by your brokerage, in addition to each agent’s individual production application, you can also apply for a Team Production Award.

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FOR TEAMS

How does the team award work?

In respect to this award, teams are defined as either: 1) a collection of agents who market themselves under a brand name distinct from their brokerage; or, 2) brokerages in which all agents operate as a team under the brokerage name, often with most, if not all, of the transactions being attributed to the broker in the MLS, and further, that all agents affiliated with the brokerage must be part of the brokerage team, and no other teams or individual agents are affiliated with the brokerage.

Production from all eligible team members is combined and recognized together. If team members would also like to be recognized individually, they need to fill out and submit the Individual Production Award application. All individual applications from team members should be submitted with the team application as one package.

What is an “eligible” team member?

REALTORS® who are primary members of BRR with membership in good standing. The production of team members who are secondary members of BRR, or who are members of another local association, cannot be included in your team’s total production.

How do I apply for my team?

  • Fill out the Team Production Award Application.
  • Complete the additional Team Award Production Roster, if needed.
  • Provide the team application and roster with your application fee and fees for any additional plaques or plates, to your broker for certification.
  • If your team members are also submitting individual applications, those should be submitted with your team application.
  • After certification by your broker, submit all documentation to awards@boirealtors.com by January 25, 2019, at 5:00 pm MT. Late or incomplete applications received after this date will not be processed.

Can I apply as for an individual award if I’m part of a team award?

Yes! If eligible team members would also like to also be recognized individually, they need to fill out and submit the Individual Production Award application. The production on your individual applications must match the production noted for you on your team application. All individual applications from team members should be submitted to the broker for certification with the team application as a package.

What if I was only on a team for a couple of months in 2018? Can the team count my production?

Teams may only recognize the production of eligible members while they are on the team. If a team member joined or left the team partway through the year, only the production done by that member while affiliated with the team may be included on the team production application. All team production being counted towards the total dollar volume sold for the team must be included on the Team Production Roster.

I partner with another agent in my office. Can we combine our production and apply for a team award?

No. The team awards are open to teams that are established and recognized team by their brokerage, and who market themselves as a team. Members who primarily work on their own, or are not part of an established and recognized team may not group their production together and apply for a team award. Instead, each member should submit the Individual Production Award application.

I’m on a team and the MLS doesn’t show my actual volume. What should I do?

We know the MLS records for some team members may not fully represent the actual volume that their broker recognizes for them individually. Therefore, production applications should note the volume recognized by the broker. For example, you and your team leader partnered on $7 million in volume in 2018. The MLS records may show the full $7 million in volume under your team leader’s name, but internally, your brokerage recognizes 50% of the volume as yours. Therefore, you would report $3.5 million as your total volume sold on the team application and/or on your individual application. Please note, you may not include referral income, bonuses, or other income. BRR reserves the right to audit all production applications.

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FOR BROKERS

In addition to signing the application, don’t I have to fill out a broker certification form?

No. New for 2018, each application requires a broker signature certifying it is an accurate representation production. While you may compile a separate list to help you review and certify your agents’ production, you do not need to submit that list to BRR with the applications. However, BRR reserves the right to audit applications, and both the applicant and broker agree to provide substantiating documents to verify the production reported if requested.

One of my agents changed brokerages during 2018, how do I certify all of their closed production?

If the agent’s volume from their previous brokerage is in the IMLS, you can certify that information in the application. However, if the volume from the agent’s previous brokerage is not in IMLS, they will need to have their previous broker certify that volume, or provide you with documentation so that you can certify it on their application.

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HONOR SOCIETY FAQs

What is the BRR Honor Society?

Boise Regional REALTORS® recognizes members who are active in the community, in local, state and national association leadership, invest in RPAC, hold designations, attend REALTOR® conferences, classes, and events, and more. Points are available for a variety of activities, and those who earn at least 100 points are eligible! Secondary members are not eligible for the BRR Honor Society. Learn more on BRR’s Honor Society page.

Why should I apply?

If you are actively making a difference in our industry or in our community, we want to recognize your achievements!

Do I have to apply for a Production Award to receive Honor Society recognition?

No. BRR Honor Society is separate from production awards. Simply complete the Honor Society application and email it to awards@boirealtors.com by January 25, 2019, at 5:00 pm MT. Late or incomplete applications received after this date will not be processed.

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OTHER FAQs

How do I nominate a member for REALTOR® of the Year and the other awards BRR gives out?

Visit the Awards Nominations page to access nominations forms for the 2019 REALTOR® of the Year, Rookie of the Year, Broker of the Year, Code of Ethics Leadership Award, Good Neighbor Award, and Affiliate of the Year.

I need help with my application, who can I call?

Breanna Vanstrom can help you with all things awards related. Give her a call at 208-947-7228 or email her at breanna@boirealtors.com.

How will my production application payment display on my bank statement?

Whether you pay by credit card or check, the payment will display as a point of sale or POS from BRR. If you have any questions about this, feel free to call us at 208-376-0363.

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