New awards program to debut in 2017
An innovative new awards program to honor the achievements of sales teams – and their members – will debut at the 2017 R4 Convention.
“We’re very excited about this great idea, which came to us from the field,” said Adam Contos, RE/MAX Chief Operating Officer, after the award program was announced at the 2016 BOC in Chicago. “The new structure will recognize outstanding teams and the individual contributions of Team Members in a much more visible way.”
A new set of annual Team Club Awards will carry the same thresholds as current awards ($100,000 for 100 Percent Club, $250,000 for Platinum Club, etc.) but will feature the word “Team” in the name (e.g., Team Titan Club).
The Team, represented by the Team Leader, will earn a Club Award in its name, based on the collective commission earnings reported for it. In a key enhancement, Team Members will also qualify for individual Club Awards based on their own commission totals.
How the Team Awards will work
• “Team Alphabet” reports earnings of $1.2 million for the year.
• Team Leader Andrew accepts the RE/MAX Team Diamond Award on behalf of Team Alphabet.
• Team Member Bridget, who earned $260,000 of the team’s total, receives the RE/MAX Platinum Club Award.
• Team Member Clark, who earned $180,000 of the team’s total, receives the RE/MAX 100 Percent Club Award.
• Remaining Team Members receive the awards their earnings have qualified for.
The logistics of presenting the awards on stage at R4 are still being finalized.
Q: What name is engraved on the trophy?
A: If a Team Name has been specified in the database (The ABC All Stars), it will be used. If no Team Name is recorded, the engraving will be the Team Leader’s name and the word “Team” (“Scott Schultz Team”).
Q: Are Team Leaders eligible for individual Club Awards?
A: No. Team Leaders will receive the Team Award, but only Team Members will be recognized for their individual contributions.
Q: Do the Team Members receive Team Club Award trophies too?
A: Additional Team Club Award trophies are available for purchase on shop.remax.net.
Q: How does this affect two-agent partnerships such as husband-wife teams?
A: They’ll be able to take the R4 stage together and receive a Team Club Award in the team’s name, based on their combined earnings. As they do currently, the partners will determine which of them is the Team Leader and which is the Team Member. The partner identified as the Team Leader will qualify for a Team Club Award and the partner identified as the Team Member will qualify for an Individual Club Award. (Note: This is an update to the original FAQ, which incorrectly stated individual recognition would not apply in partnerships.)
Q: Does this have an impact on Career Awards such as Hall of Fame and Lifetime Achievement?
A: No. The new Team awards are limited to the Club Awards based on annual earnings. There is no “Team Hall of Fame,” for instance.
Q: How do Licensed Assistants factor into this program?
A: Licensed Assistants will be called Licensed Administrators when the new Agent and Office Portal goes live later this year. Any Sales Associate or Broker/Owner supported by another licensee will be classified as a Team Leader for award and/or ranking purposes.