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It is almost that time.  Next week we give out our 2010 Awards to our Associates.
 

The RE/MAX® Awards & Recognition Program

Career Awards

One of the three different types of awards within RE/MAX's extensive awards program.

Career Awards are given to individual Associates to acknowledge outstanding professional achievements. There are three different career awards: The Hall of Fame, Lifetime Achievement and Circle of Legends Awards. These are awarded by RE/MAX International and it is the responsibility of the Associate to complete and submit applications for these awards.

Circle of Legends
First awarded in 1987 with current requirements of achieving $10 million in gross commission after being with RE/MAX at least 10 years. Associates must also have already received the Hall of Fame and Lifetime Achievement awards.
Lifetime Achievement
Introduced in 1992 with requirements of 7 years of service and $7 million gross commission. Associates must have previously achieved the Hall of Fame award.
Hall of Fame
Established to recognize and salute the exclusive group of top producers who have achieved more than $1 million in gross commission earnings during their career with RE/MAX. There is no years of service requirement.

All Career Award recipients are recognized on stage on awards night of the annual RE/MAX International Convention. Name-badge ribbons are also provided to award winners.

Special Awards

One of the three different types of awards within RE/MAX's extensive awards program.

Medallions are presented to the recipients of Special Awards at the RE/MAX International Convention.

There are many distinguished Special Awards:

Region of the Year
Regions throughout the United States and Canada are considered.
International Region of the Year
All International Offices and Associates are reviewed.
Broker/Owner of the Year
Separate awards are given for Broker/Owner of the Year for Single Offices and Multiple Offices. All offices throughout the United States and Canada are considered.
International Broker/Owner of the Year
Separate awards are given for Broker/Owner of the Year for Single Offices and Multiple Offices throughout the world.
Broker Manager of the Year
One award is presented to the Broker Manager of the Year for the United States. A second award is presented to the Broker Manager of the Year in Canada and a third award is presented to the International Broker Manager of the Year.
Largest Single Office
Single offices all over the world are taken into account when determining the winner this award. The largest single office is determined by counting the number of paid Associates within that office.
Largest Multi-Office Network
Multiple offices all over the world are taken into account when distributing this award. The official number for the largest single office is determined by counting the number of paid Associates.
Highest Total Sales Volume
Awarded to both the single office and the multiple office with the highest total sales volume worldwide.
Individual Commissions
Given to the top ten individual Associates with the highest amounts paid in Residential and Commercial sales. This count is taken worldwide.
Team Commissions
Given to the top ten, worldwide teams with the highest amounts paid in Residential and Commercial sales.

Distinguished Service

Specific Special Awards are presented to winners during the "Night of Stars" evening award celebration. This reception is by invitation only and bestows distinctive awards on hardworking Sale Associates and brokerages:

Largest Single Office
The largest single offices in the United States, Canada, and International are each recognized. The official number for the largest single office in each of the three regions is determined by counting the number of paid Associates.
Largest Multi-Office Network
The largest multiple offices in the United States, Canada, and International are recognized. The official number for the largest multi-office in each of the three regions is determined by counting the number of paid Associates.
Largest Net Associate Gain
Small market offices with one, single location are reviewed. This award is given to the four winning offices within the United States, Canada, International, and Worldwide.
Largest Net Associate Gain
Awarded to the largest metro market office with one, single location. This award is given to the four winning offices within the United States, Canada, International, and Worldwide.
Largest Net Associate Gain
The United States, Canada, International, and Worldwide will each have a winner for the Multi Office Network with the largest net Associate gain.
Highest Total Sales Volume
Awarded to the Single Office with the highest total of sales volume within each of the United States, Canada, and International.
Highest Total Sales Volume
Awarded to the Multi-Office Networks with the highest total sales within the United States, Canada, and International.
Top Office
The top office in number of closed transactions within the small market receives this award. There is a winning office in the United States, Canada, International, and Worldwide.
Top Office
The top office in number of closed transactions within the metro market receives this award. There is a winning office in the United States, Canada, International, and Worldwide.
Transactions
Individuals and teams are both recognized within the United States, Canada, International, and Worldwide.
Commissions Paid in Commercial Sales
The top five individuals and top five teams are recognized for the amount of commissions paid within the United States, Canada, and International.
Commissions Paid in Residential Sales
The top ten individuals and top ten teams are recognized for the amount of commissions paid within the United States, Canada, and International.

The much deserving winners receive a "loving cup" trophy as well as the medallion.

For the above RE/MAX awards, the International awards do not include the United States or Canada. The Worldwide awards look at the overall winner out of the United States winner, the winner of Canada, and the winner of International.

The Recognition Manual. March 26, 2008. Accessed May 1, 2008.

Club Awards

One of the three different types of awards within RE/MAX's extensive awards program.

Club Awards are individual awards that are based on levels of annual commission. Both residential and commercial commissions are taken into account for the entire year from January 1 to December 31. Club Awards are presented in February of the following year. Associates need not apply for this award as it is distribution is based on the end of the year commission reports.

The year end gross commission report determines which level of Club Award the Licensed Associate is eligible for:

Diamond Award Club
Awarded to those whose gross commission was $1,000,000+.
Chairman's Club
Created in 2003 to recognize Associates with increasing levels of commission within the range of $500,000 - $999,999.
Platinum Club
Introduced in 1994, it recognizes Associates who rank among the very highest of producers with gross commission amounts of $250,000 - $499,999.
100% Club
In 2005, RE/MAX Associates achieved levels of productivity that were more than double the industry average with commission levels of $100,000 - $249,999.
Executive Club
Awarded to those whose gross commission was between $50,000 - $99,999.

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VANCOUVER (NEWS1130) - With interest rates at historical lows, a top real estate expert has a bullish outlook for our country's  housing market.

Vancouver may be one of the most expensive cities to live in, but President of Coldwell Banker Canada John Geha says there are still some affordable homes out there if you do your research.

"It is a healthy market for the first-time buyer.  I think with Finance Minister [Jim] Flaherty's decision to tighten credit, you just have to be prepared.  You have to have the right council with your lawyer, your bank and your real estate professional and make some decisions.  Are you going to save money?  And what price range are you going to be buying in?"

In its latest report the CMHC says Canadian housing prices will move in line with inflation for the next two years.

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Bob Rennie spoke about Vancouver's Olympic Village on Wednesday with The Vancouver Sun.
 
 

Bob Rennie spoke about Vancouver's Olympic Village on Wednesday with The Vancouver Sun.

Photograph by: Arlen Redekop, PNG

Some Olympic Village units are already being placed on the market by owners who have bought at the controversial project. Take a look at how much they are asking for.

 

See how much you are impacted by the HST, listed by marriage and income status, according to the StatCan report.

VANCOUVER - Condos in the Olympic village officially go on sale to the public Friday. But a test of the market this week stunned condo marketer Bob Rennie, who says he’s seeing strong demand for units in the troubled Southeast False Creek development.

In the past week, Rennie’s office gave a small number of people the chance to put offers on units in the Kayak and Bridge complexes as a way of testing whether the new prices to be unveiled today are right for the market.

The results surprised even the veteran condo salesman.

Of 31 offers, 12 were for units costing more than $900,000 and another 11 were for units priced between $600,000 and $900,000. The remaining eight were for units less than $600,000.

Rennie said the fact that more than a third of the people were willing to spend upwards of $1 million bodes well for city taxpayers, who are owed more than $700 million on the project.

“For the first time in the last two years, I can really breathe a sigh of relief,” he said.

Rennie is under a lot of pressure to get the pricing right. The village is in voluntary receivership, and Vancouver taxpayers are owed more than $740 million.

This is the third time units have gone on sale; the last was in May, months before the city pressured the developer, Millennium Developments, to assign the project into receivership last fall.

The new sale involves offering 230 of the remaining 474 units at deep discounts from their original prices.

The Bridge and Kayak complexes at opposite ends of the village represent about $200 million in market value, according to the court-appointed receiver, Ernst & Young.

Rennie, who is in charge of marketing the project, said the remaining 244 units, including the 60 units in the two iconic Arthur Eriksen-designed Canada House towers on the waterfront, could go on sale next year if sales for the Bridge and Kayak go well.

For the past week, Rennie and his sales associates have been trying to create a buzz around the release of the units. Between Saturday and Wednesday, more than 400 people toured display suites, a number Rennie says is encouraging.

Two hours after Rennie unveils the new pricing structure at a news conference, he’s hosting a briefing for more than 1,000 real estate agents, who will be told they can start writing contracts as of Friday.

Rennie said Wednesday that, although prices have come down on average about 30 per cent, he’s not conducting a fire sale.

“If we can garner consumer confidence that there is value, that’s what’s going to stabilize the village; that’s what’s going to protect the lender, which will subsequently protect the taxpayer, which will also protect the current buyer,” he said.

Although prices won’t be officially announced until today, in a report filed with B.C. Supreme Court earlier this month, Ernst & Young broke down pricing on the 230 units in the Bridge and Kayak buildings this way: 59 will be less than $500,000; 61 will be between $500,000 and $750,000; 51 will be between $751,000 and $1 million; and 59 will be more than $1 million.

Ernst & Young said, of the remaining 244 units to be sold, 127 along the back row of the complex will be rented out temporarily to help fill out the village population. The rest, including those priced at more than $1 million — again mostly in the vacant Canada House towers — are neither for sale nor for rent at present.

Ernst & Young says a total of 263 of 737 condos in the village have been sold.

jefflee@vancouversun.com

Blog: vancouversun.com/jefflee

twitter.com/sunciviclee



Read more: http://www.vancouversun.com/health/Strong+demand+Olympic+village+condos+stuns+realtor/4298461/story.html#ixzz1EEoYylYk
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