San Antonio
 

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 Volume and Units Closed

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

PT50 Year

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.

Scoring System

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.

  • 30% Sales Volume (obtained from the Broker)
  • 30% Units Closed (obtained from the Broker)
  • 25% Civic Leadership (during the fiscal year )
    • 1 point – Donated $100-$500 and/or 1-8 hours volunteer or leadership activity
    • 2 points – Donated $501- $1,000 and/or  9-16 hours volunteer or leadership activity
    • 3 points – Donated $1,001+ contribution and/or 17 + hours volunteer or leadership activity
  • 7.5% Industry Involvement
    • 1 point –  Member of a recognized industry organization or attended 1-4 PT50 Events
    • 2 points – Committee Member of a recognized industry organization or attended 5-7 PT50 Events
    • 3 points – Officer or Chairperson of a recognized industry organization or attended 8 or more PT50 Events
  • 7.5 Designations
    • 1 point – For each recognized Designation or Certification currently held

Production and units closed for teams will be divided by the total number of reported team members per the PT50 definition of “team.”

Entry Form Specifics

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.

Sales Production for Individual Broker Applicants

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.

Points for Community Involvement

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.

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.

Am I an Individual or Team?

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.

COMMUNITY INVOLVEMENT

Community Involvement 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.

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.

DESIGNATIONS

Why are designations and certifications important to Platinum Top 50 REALTORS ®?

As entrepreneurs, Real Estate Professionals are responsible for their own education and professional development. Although the Texas Real Estate Commission (TREC) requires completion of mandatory continuing education to maintain an active license, anything above and beyond that is optional. Platinum Top 50 seeks to reward Real Estate Professionals who selectively self-educate through the acquirement of industry approved designations and certifications, as increased knowledge ultimately benefits the clients a Real Estate Professional represents.

Why does Platinum Top 50 REALTORS ® only recognize designations and certifications that are accepted by NAR?

With numerous professional designations available, Platinum Top 50 does not have the resources to adequately review these programs, and therefore it would be inappropriate for us to determine the quality of the curriculum.

Points for Industry/Designations

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. 

  • 1 point / Membership in a recognized industry organization OR attendance at 1-4 PT50 events
  • 2 points / Committee Member in a recognized industry organization OR attendance at 5-7 PT50 events
  • 3 points / Office or Chairman in a recognized industry organization OR attendance at 8 or more PT50 events

Applicants will receive points for designations held 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.

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.  

INDUSTRY INVOLVEMENT

Points for Industry/Designations

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. 

  • 1 point / Membership in a recognized industry organization OR attendance at 1-4 PT50 events
  • 2 points / Committee Member in a recognized industry organization OR attendance at 5-7 PT50 events
  • 3 points / Office or Chairman in a recognized industry organization OR attendance at 8 or more PT50 events

Applicants will receive points for designations held 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 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.     

SPECIAL CATEGORY AWARDS

Special Category Awards

Platinum Top 50 Special Awards are a way to recognize the accomplishments of both agents and industry professionals who embody the values of Platinum Top 50. 

Those recognized for special award category are nominated by their peers. All nomination applications and supporting information will be anonymously reviewed and scored by a panel of unbiased individuals who are employed in the non-profit, education, and real estate sectors. The winners in each category will be recognized at the PT50 Awards Ceremony in December. 

Special category awards include: Newcomer of the Year, Trainer of the Year, Executive of the Year, Partner of the Year and Career Achievement.

Nominations for all special categories is open from October 1-October 18. All nominees will be notified in November.

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”

Nominating for a Special Category Award?

Nomination forms for Special Category Awards will open October 1 and will be accessible via the links below.

Nominate Newcomer of the Year
Nominate Trainer of the Year
Nominate Executive of the Year
Nominate Partner of the Year
Nominate Career Achievement

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.”

TEAMS

Team Entry Forms

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.

Team Members for Application

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.

Team Sales Volume and Units Closed

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.

  • Teams are allowed to report the production from an agent hired to the team on or after August 1, 2018 although the agent should not be reported on the application
  • Teams should not report licensed/unlicensed assistants who function in a strictly administrative capacity. This includes persons functioning in operations, transaction coordinators, contract-to-close, marketing, admin support, finance, or social media capacities.

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.

Team Points for Community, Industry and Designations

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 Recognition

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.

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