2024 OUTSTANDING SALESMANSHIP CLUB CRITERIA
PLEASE READ ALL INFORMATION BEFORE FILLING OUT SUBMISSION FORM
OSC APPLICATION WILL OPEN JANUARY 2025
Attached is the information and instructions required for participation in the Outstanding Salesmanship Club Program. Please read all instructions and the criteria and review the submission form FIRST. We ask that Principal and Managing Brokers make sure their agents understand and follow all criteria instructions and fill out the submission form correctly and completely. VPAR will not be held responsible for any submissions that are not filled out correctly or are incomplete.
This Club, sponsored by the Virginia Peninsula REALTORS®, is comprised of outstanding REALTOR® members who have attained qualifications for membership. Any REALTOR® meeting these qualifications is entitled to membership, as long as they meet all established criteria.
Nominees must be REALTOR® members as well as Primary or Secondary members of the Virginia Peninsula REALTORS®, Inc.
The deadline for award submissions to the Association office is 12:00 NOON on Thursday, January 15, 2025. Late submissions will be accepted if received by must be accompanied by a $100.00 per business day late fee payment per application for up to 5 days after deadline.
Applicants will be required to complete the online Certification Form and OSC Data Form. Applicants who apply as a Team must upload a Team Contact form as well as a copy of their Team License from DPOR. The online application will include the Certification Form and applicants will be required to upload the OSC Data form and current agent photo at the time of application.
A filing fee (by credit card payment or check made payable to VPAR) must accompany each application. If plaques are requested, you may choose your type on the form. Online payments will be accepted through the Application Form. If you wish to pay by check, please indicate on the online form and send payment to Virginia Peninsula REALTORS®.
In the event it is determined that the applicant does not meet the established criteria for any of the award categories and the filing deadline has passed, the filing fee is not refundable. An additional filing fee of $175 must accompany applications for the Special Awards. Additional fees may be required for the multiple Diamond Awards. The filing fee does not include banquet tickets.
If you require assistance in completing the application, please email jo@vpar.org to schedule an appointment.
The OSC Awards will be presented at the
OSC & Annual Awards Banquet on March 29, 2025
QUALIFICATIONS FOR MEMBERSHIP IN THE ASSOCIATION’S OUTSTANDING SALESMANSHIP CLUB
A. PURPOSE AND PREREQUISITES:
To recognize and encourage Outstanding Salesmanship
To recognize individual achievements of certain members of the Virginia Peninsula REALTORS®, Inc. who have attained outstanding sales in the real estate field.
In the event a REALTOR® transfers from one REALTOR® Broker to another REALTOR® Broker, all transactions settled during the Awards Period shall be counted. No transactions made while in the employ of, or association with, a non-REALTOR® Broker shall be counted.
The firm name shown in each award shall be the firm with whom the applicant was associated on the application filing date.
The Awards Committee reserves the right to audit, at the Association's office, back-up material submissions to the Outstanding Salesmanship Club. The records of participating offices pertinent to verification of information submitted shall be made available to the Awards Committee upon request by deadline or the submission will be disqualified.
Taking credit for any sale not directly or wholly attributable to the applicant in any category may be cause for total disqualification in all categories and subject both the applicant and the certifying principal broker or broker/manager to a Board of Directors determination on eligibility in future award programs. Any submission of an entry without the signatures of the applicant and the Principal Broker or Broker/Manager may be cause for total disqualification.
The Awards Committee shall keep all information pertinent to the application strictly confidential.
B. GUIDELINES:
For the purposes of the OSC Award, Gross Closed Brokerage Fees (GCBF) shall be defined as the gross closed income to the firm by the REALTOR® on sales made, listings sold, transaction fees and referral fees earned from all types of real property such as residential, land, lots, commercial, business investment properties and property management. The following are examples of types of income that will not be accepted: BPO's (Broker Price Opinions), warranties, withdrawal fees.
An Award Applicant will apply for only one of the following three award categories:
TEAM AWARD: When an agent/entity has one or more licensed agents working for them. When these licensed agents perform anything other than routine administrative duties. Examples of actions not considered administrative duties are: to show property; attend routine inspections and/or walkthroughs; write, present, negotiate, procure or close a listing and/or sales agreement. When these multiple licensees Gross Closed Brokerage Fees (GCBF) are counted under one agent/entity, when the team has been in place for more than 183 days of the award year. The Team Contact Form and a copy of the DPOR Team License must be uploaded to the online application.
INDIVIDUAL AWARD: When an agent operates without the use of any personal staff, or has a personal staff member licensed or not, who performs purely routine administrative duties other than those duties listed above under the Team Award definition.
PROPERTY MANAGEMENT AWARD: Agents wishing to apply for this category must have at least 80% of their GCBF from Property Management.
In the event a cooperative sale or listing sold is made between two or more agents in the same company, each applicant should be credited with a pro-rata share of the GCBF.
The closing date must be from January 1, 2024 to December 31, 2024 to be counted for this award and is the determining factor for the applicants claiming the GCBF.
C. QUALIFICATIONS:
To qualify, an applicant must:
Hold a real estate salesperson's license or brokers license and be a REALTOR® Member (primary or secondary) in Good Standing with Virginia Peninsula REALTORS®
Attain one of the sales categories designated below: These categories are based on the gross closed brokerage fees (GCBF) as defined in B-1.
a. For Bronze Award: $90,000 - $134,999
b. For Silver Award: $135,000 - $179,999
c. For Gold Award: $180,000 - $299,999
d. For Platinum Award: $300,000 & UP
GCBF attained individually by one sales agent, or a licensed assistant cannot be assigned to another sales agent for purposes of meeting award requirements. Names as.they appear. on the MLS printout, Settlement Statement or HUD or company voucher will determine who gets credit, unless applicant provides a company statement signed by the Principal Broker or Broker/Manager documenting otherwise.
D. ADVERTISING GUIDELINES:
Recipients must qualify for membership in the Outstanding Salesmanship Club each year in order to advertise their membership. If membership was not earned in the previous year, then the recipient must specify the year during which he/she was a member. This includes business cards. Team Award winners will not be required to use the team designation in advertising.
Sequence of recognition within a category will be according to GCBF as defined in B-1 of these criteria. Public advertising will include a denotation with an explanation of each award category type (Team Award, Individual Award & Property Management Award). Team Award plaques will include only the award applicants' name.
In all advertising, including business cards, the term "Outstanding Salesmanship Club" must be used in reference to Virginia Peninsula REALTORS®, Inc. OSC Award. Only members who are OSC Award recipients may use the OSC logo in their marketing, advertising and business communication. Under no circumstances will other names be used in reference to the Association's awards program (example: Million Dollar Club, etc.). Failure to comply with the OSC Advertising guidelines may result in a Board of Directors determination on eligibility in future award programs.
READY TO APPLY?
THE ONLINE APPLICATION WILL BE AVAILABLE BEGINNING JANUARY 2025
MAKE SURE YOU HAVE YOUR DOCUMENTATION READY!
HOW TO DOWNLOAD THE AGENT AWARDS DETAIL REIN MLS REPORT:
Across the top of the dashboard of REIN website, go over to Market Reports and then go down to OFFICE and then AGENT AWARDS REPORT (office) – then put in the dates of 01/01/2024 – 12/31/2024 and then the agent ID number – choose generate report.
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