CR Magazine - Summer 2018
The official publication of the Chicago Association of REALTORS®.
The official publication of the Chicago Association of REALTORS®.
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<strong>CR</strong><br />
Chicago REALTOR ®<br />
<strong>Magazine</strong><br />
Optimize Your<br />
Open House<br />
V o l u m e 2 7 | S umm er 2 0 1 8<br />
Meet Our New CEO:<br />
MICHELLE<br />
MILLS<br />
CLEMENT<br />
The Official Publication of the Chicago Association of REALTORS ®<br />
Leverage Your<br />
LinkedIn into<br />
New Business<br />
www.ChicagoREALTOR.com 3
C E L E BR ATING OUR BRA ND N E W LOOK<br />
“Where Unique is Commonplace” is a figurative expression that through contradiction<br />
effectively conveys the firm’s unequivocal commitment to exceptional service to the<br />
public and its agents alike. The firm possesses an uncommon collegial environment that<br />
has nurtured and developed some of Chicago’s finest and most productive agents.<br />
With an agent to staff ratio of 8 to 1... the needs of every agent are customized.<br />
If you have the desire to grow and belong — there is no better collaborative environment<br />
to achieve your ultimate potential than Century 21 SGR.<br />
A RMANDO<br />
CHACON<br />
“Century 21 SGR has been a great<br />
partner and extremely supportive<br />
in helping me build a growing<br />
real estate business. This is at<br />
the core of what our company is.”<br />
QUINN<br />
GUAN<br />
“The support is superb; training<br />
exceptional; mentorship<br />
phenomenal; environment robust;<br />
and the support system<br />
comprehensive and unmatched.”<br />
L U MI<br />
ISPA S<br />
“I have been with SGR for<br />
15 years. Why? I love the partners.<br />
They have always been concerned<br />
about me as a person, not just<br />
an agent.”<br />
STE VE<br />
P OWER S<br />
“When I left the military after<br />
six years — I was somewhat lost.<br />
I found a new home at SGR<br />
with unparalleled support and<br />
have never looked back.”<br />
SOUTH LOOP<br />
1823 S. Michigan Ave.<br />
Chicago, IL 60616<br />
(312) 326-2121<br />
WEST LOOP<br />
1161 W. Madison St.<br />
Chicago, IL 60607<br />
(312) 455-3122<br />
LINCOLNWOOD<br />
6600 N. Lincoln Ave.<br />
Lincolnwood, IL 60712<br />
(847) 983-4477<br />
WWW.CENTURY21SGR.COM
Cover photo by Marcello Rodarte<br />
10.<br />
Optimize Your<br />
Open House<br />
in <strong>2018</strong><br />
OPEN<br />
HOUSE<br />
<strong>Summer</strong> <strong>2018</strong><br />
ChicagoREALTOR®<br />
MAGAZINE<br />
IN THIS ISSUE<br />
4 President’s Perspective<br />
6 From the CEO<br />
8 Editor’s Note<br />
9 What’s Online<br />
34 Well Read<br />
35 Listen Up<br />
42 Photo Album<br />
48 RRES Lineup<br />
50 The Buzz<br />
Leverage Your<br />
Presence into<br />
New Business<br />
Author: KEVIN ROCIO, @properties<br />
14.<br />
FEATURES<br />
34. 44.<br />
10 Optimize Your Open House<br />
14 Leverage Your LinkedIn Presence into New Business<br />
16 Q&A with Michelle Mills Clement<br />
21 Tools to Help Property Managers Reach Full Capacity<br />
22 Six Considerations to Make When Working with Investors<br />
24 Use these Apps for Wellness<br />
28 Six Steps to Avoid a Low Appraisal<br />
30 Welcome to Berwyn<br />
UPDATES<br />
7 Get Involved: Take on a Leadership Role in the Association<br />
36 CAR Bicentennial Garden Volunteer Day<br />
37 Association News<br />
38 Industry Partners<br />
40 Government Affairs Update<br />
48 Education Highlight: Get to the Top of Your Game<br />
www.ChicagoREALTOR.com 3
PRESIDENT’S PERSPECTIVE<br />
In our industry, when temperatures rise, patience often<br />
wanes. Tempers get tested with our clients, consumers,<br />
and our fellow REALTORS ® . At CAR’s Spring Market<br />
Trends event, our illustrious top producer panelists<br />
shared insights into how best to navigate this tricky market.<br />
Treat Others With Kindness<br />
It always comes back to the golden rule: treat others how you<br />
hope to be treated. It is tempting to fixate on what the other party<br />
is (or isn’t) doing, but kindness and patience go a long way. We<br />
often aren’t aware when others are dealing with health scares,<br />
family issues or even other transactions going sideways. In those<br />
moments, kindness is key. Transactions have high stakes, and with<br />
the sheer number of parties involved — agents, clients, attorneys,<br />
inspectors, lenders, family members and so on — there are many<br />
personalities at play. Try to keep your cool and you may be able to<br />
keep a deal together.<br />
Words Matter<br />
We need to own what we say. Before hitting send, it pays off to take a<br />
moment to re-read emails and text messages to assess tone. Feeling<br />
fired up? Save it as a draft and re-read after you’ve cooled down.<br />
There’s nothing wrong with a rewrite. Having issues communicating<br />
or the email exchange is heating up? A phone call can quickly clear<br />
up misconceptions and save a headache, or even the deal.<br />
Check out Top Producers’ tips<br />
to navigate a busy market.<br />
While the phone is great, be sure to confirm everything in writing<br />
(email, too, not just text!). Protect yourself and protect your clients.<br />
It’s A Small Industry<br />
All three panels agreed on this one simple point: to be effective in<br />
this industry, good relationships with other REALTORS ® are essential.<br />
There are two sides to every transaction, and there is no telling<br />
who is going to be on the other side of your next deal. All we have<br />
is our reputation, so let your moral compass be your guide. When<br />
competition heats up, there is no benefit to knocking other brokers or<br />
companies. There is more than enough business to go around!<br />
I wish you the best this summer. Work hard, be good to others, and<br />
represent the best of our industry. When someone’s fuse is short<br />
or when their comments are out of line, take a breath and know,<br />
you’ve got this.<br />
Best,<br />
REBECCA THOMSON<br />
2017-<strong>2018</strong> President<br />
Chicago Association of REALTORS ®<br />
4 Chicago REALTOR ® <strong>Magazine</strong>
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FROM THE CEO<br />
Hello, Chicago REALTORS ® ! I’m Michelle<br />
Mills Clement, CAR’s new Chief Executive<br />
Officer. I’m excited to get to know you all a<br />
little better as I settle into my new role.<br />
A little about me — I’m a native Chicagoan but I’ve been in<br />
Washington state the past five years, predominantly working in<br />
commercial real estate. I’m excited for this opportunity to lead<br />
such a nationally renowned, well-run organization. I love what CAR<br />
represents, which is being the Voice for Real Estate in Chicago.<br />
You, our members, represent over 77 neighborhoods in the City<br />
of Chicago alone. Chicago REALTORS ® impact just about every<br />
aspect of life in our city because of the work that you do. People<br />
buy or rent a home. They shop in our stores. They work in our office<br />
buildings. We touch so many, and that’s why I truly love working<br />
in real estate.<br />
I look forward to working closely with you to better understand<br />
the unique challenges you face in your business and your<br />
communities, and the role your association can play in solving<br />
them. I want you to have full access to the services and resources<br />
you need. I plan on spending as much time in the field, getting to<br />
know you, as possible. If you see me around, please come say hi!<br />
Apply to serve on a CAR committee.<br />
Our work is made possible thanks to the volunteerism of the<br />
hundreds of members, just like you, who serve on our board of<br />
directors, committees and work groups. We need your voice at<br />
the table — and we’re accepting applications for our various work<br />
groups and committees. I highly encourage you to take an active<br />
role in your association — it’s just another way you can have an<br />
impact in your community and help shape our association’s future.<br />
I’m excited to be here and to learn from you all, and I look forward<br />
to working together in the years to come.<br />
MICHELLE MILLS CLEMENT, cae<br />
Chief Executive Officer<br />
Chicago Association of REALTORS ®<br />
6 Chicago REALTOR ® <strong>Magazine</strong>
Get Involved -<br />
Make a Difference<br />
Apply for a Committee<br />
or Work Group.<br />
Gain the most from your REALTOR ®<br />
membership by getting involved! There are<br />
many ways to volunteer at CAR. Rewards<br />
include personal and professional growth<br />
opportunities and the ability to contribute<br />
to the future of Chicago real estate.<br />
Here is a summary of Chicago REALTOR ® committees and work<br />
groups that welcome volunteers. To successfully apply for<br />
volunteer positions, you must be willing to attend committee<br />
meetings and actively participate. In most cases, you must also<br />
be a CAR member in good standing, though there are a few<br />
committees that represent a wider range of participants by<br />
including non-CAR members.<br />
Committee members are selected in September for terms that<br />
take effect on Oct. 1, the start of our fiscal year. See a committee<br />
that’s right for you? Click on “Get Involved” on the Membership<br />
page of ChicagoREALTOR.com.<br />
AUDIT COMMITTEE<br />
The audit committee oversees the integrity of the Association’s<br />
financial accounting process and systems of internal controls<br />
regarding finance, accounting and use of assets. They take an<br />
active role in the prevention and deterrence of fraud, as well as an<br />
effective ethics and compliance program.<br />
Term length: 2 years; Number of members: 5-7<br />
FORMS & CONTRACTS COMMITTEE<br />
Forms & Contracts Committee reviews and updates all approved<br />
CAR forms and contracts on a regular basis, as well as develops any<br />
forms and contracts that will enhance members’ businesses.<br />
Term length: 1 year; Number of members: 8-12<br />
COMMERCIALFORUM COMMITTEE<br />
CommercialForum creates educational and networking opportunities<br />
that build community among Chicagoland commercial real estate<br />
professionals and provide tools for their success.<br />
Term length: 1 year; Number of members: 15-20<br />
FINANCE COMMITTEE<br />
Along with senior management, the Finance Committee provides<br />
oversight of CAR financial management and the financial reporting<br />
function.<br />
Term length: 2 years; Number of members: CAR Secretary/Treasurer<br />
plus 12 members<br />
GLOBAL REAL ESTATE COUNCIL<br />
Forum members foster and provide a platform for global real estate<br />
business opportunities. They also seek out and create venues for<br />
networking with other relevant organizations.<br />
Term length: 1 year; Number of members: 10-15<br />
SPECIAL EVENTS ADVISORY GROUPS<br />
Advisory Group members focus on strategy and execution of<br />
generating sponsorship revenues and attendance for our special<br />
events. Special Events Advisory Groups:<br />
INAUGURAL GALA: Term length: 1 year; Number of members: 7-10<br />
CASINO ROYALE: Term length: 1 year; Number of members: 8-12<br />
GOLF OUTING: Term length: 1 year; Number of members: 7-10<br />
SALES AWARDS: Term length: 1 year; Number of members: 7-10<br />
RPAC FUNDRAISING WORK GROUP<br />
RPAC Committee members solicit RPAC investments annually. A<br />
key focus of the committee is securing Major Investors, as well as<br />
broad-based, lower-level investments from CAR members.<br />
Term length: 1 year; Number of members: 10-15<br />
GRIEVANCE COMMITTEE<br />
The Grievance Committee investigates complaints received<br />
from the public and members to determine if they have sufficient<br />
substance and merit to warrant an ethics or arbitration hearing, or<br />
mediation procedures.<br />
Term length: 3 years; Number of members: 15-20<br />
PROFESSIONAL STANDARDS COMMITTEE<br />
The Professional Standards Committee is responsible for enforcing<br />
the REALTOR ® Code of Ethics through the conduct of ethics and<br />
arbitration hearings.<br />
Term length: 3 years; Number of members: 50-75<br />
PROFESSIONAL DEVELOPMENT<br />
ADVISORY GROUP<br />
The Advisory Group identifies professional development topics,<br />
classes, events and programs that would be valuable to CAR<br />
members and the greater Chicagoland real estate community. Group<br />
members also help promote the offerings of the REALTORS ® Real<br />
Estate School and CAR Foundation.<br />
Term length: 1 year; Number of members: 6-8<br />
YOUNG PROFESSIONALS NETWORK<br />
WORK GROUP<br />
The purpose of the CAR YPN is to help young professionals excel in<br />
their careers with networking and education.<br />
Term length: 1 year; Number of members: 10-15<br />
www.ChicagoREALTOR.com 7
EDITOR’S PICKS<br />
Leverage your LinkedIn Presence<br />
LinkedIn isn’t new. However, it isn’t always the<br />
shiny and new platforms that have the best<br />
ROI. After hearing Kevin Rocio speak at a YPN<br />
breakfast this spring on how nearly all of his<br />
international investment leads come from LinkedIn, we knew we had to get his insights.<br />
Learn how to utilize LinkedIn to become a trusted advisor and garner leads on page 14.<br />
Bicentennial<br />
Community<br />
Garden<br />
Volunteer Day<br />
Thursday, May 10, <strong>2018</strong><br />
9:30 AM-12:00 PM • GLOBAL GARDENS<br />
2954 W. Lawrence Ave., Chicago, IL 60625<br />
RSVP to volunteer at www.ChicagoREALTOR.com<br />
On Camera<br />
We’ve hosted so many events this spring, the back half of our<br />
magazine could be an Instagram feed. We made new friends and<br />
connections at our Bicentennial Garden Build Out (pg. 36) while<br />
planting our community garden.<br />
Thank you to all who attended Sales Awards and special thanks to<br />
chair Sara O’Connor and vice-chair Nick Libert for helping us host a<br />
new format to celebrate all of you! Enjoy the memories on page 44.<br />
Protecting Private<br />
Leverage Your<br />
Presence into<br />
New Business<br />
Author: KEVIN ROCIO, @properties<br />
Property Rights<br />
Fighting for private property rights is at the core of what we do.<br />
Thank your Federal Political Coordinators and all of those who<br />
took time away from their families and businesses to advocate for<br />
real estate at our state and national capitols this year. Highlights from<br />
Cap Con and NAR legislative meetings are on pages 42 and 43, and<br />
some of the issues we are fighting are broken down on page 40.<br />
As always, don’t hesitate to reach out with any questions<br />
or comments!<br />
Jessica Kern<br />
Vice President, Communications<br />
jkern@chicagorealtor.com<br />
8 Chicago REALTOR ® <strong>Magazine</strong>
Chicago REALTOR ®<br />
<strong>CR</strong> <strong>Magazine</strong><br />
2017-<strong>2018</strong> BOARD OF DIRECTORS<br />
PRESIDENT<br />
Rebecca Thomson<br />
PRESIDENT-ELECT<br />
Tommy Choi<br />
TREASURER<br />
Maurice L. Hampton<br />
IMMEDIATE PAST PRESIDENT<br />
Matt Silver<br />
DIRECTORS<br />
Gaspar Flores, Jr.<br />
Antje Gehrken<br />
Heather Gustafson<br />
Drussy Hernandez<br />
Kris Keller, ccim<br />
Nick Libert<br />
Dave Naso<br />
Christopher Pezza<br />
Nykea Pippion-McGriff<br />
Hugh Rider<br />
Andy Shiparski<br />
Vicky Silvano<br />
Kevin Van Eck<br />
Marty Walsh<br />
Sarah Ware<br />
CHIEF EXECUTIVE OFFICER<br />
Michelle Mills Clement, cae<br />
The Chicago REALTOR ® <strong>Magazine</strong> is published<br />
quarterly by the Chicago Association of REALTORS ®<br />
for its members. Advertising is purchased and<br />
does not necessarily represent the position of the<br />
Chicago Association of REALTORS ® .<br />
EDITOR-IN-CHIEF<br />
Michelle Mills Clement, cae<br />
michelle@chicagorealtor.com<br />
EDITOR<br />
Jessica Kern<br />
jkern@chicagorealtor.com<br />
MANAGING EDITOR<br />
Maria Dickman<br />
mdickman@chicagorealtor.com<br />
ART DIRECTOR<br />
Jim August<br />
jaugust@chicagorealtor.com<br />
For advertising information please contact<br />
Mary Beth Durkin<br />
at (312) 214-5530 or ads@chicagorealtor.com<br />
C.A.R. LOCATIONS<br />
C.A.R. Central: 430 N. Michigan Ave., Ste. 800<br />
Chicago, IL 60611<br />
Ph: (312) 803-4900<br />
Fax: (312) 803-4905<br />
C.A.R. West Towns: 6017 W. 26 th Street<br />
Cicero, IL 60804<br />
Ph: (312) 803-4900<br />
www.ChicagoREALTOR.com<br />
NOTICE TO MEMBERS<br />
Under long established policy of this Association, the Illinois Association<br />
of REALTORS ® and the National Association of REALTORS ® :<br />
1. The broker’s compensation for services rendered in respect to any<br />
listing is solely a matter of negotiation between the broker and his or<br />
her client, and is not fixed, controlled, recommended or maintained by<br />
any persons not party to the listing agreement.<br />
2. The compensation paid by the listing broker to a cooperating<br />
broker in respect to any listing is established by the listing broker and<br />
is not fixed, controlled, recommended or maintained by any persons<br />
other than the listing broker.<br />
Videos<br />
Videos<br />
What’s Online @<br />
ChicagoREALTOR.com<br />
Photo<br />
Videos<br />
Resources<br />
Videos<br />
Galleries<br />
Links<br />
Photo<br />
Resources<br />
Galleries<br />
Links<br />
Photo<br />
Photo<br />
Galleries<br />
Galleries<br />
Videos<br />
• Learn Top Producers’ tips to navigate the busy housing market.<br />
• Check out the Agent EDU videos.<br />
• Watch as we transform the CAR Bicentennial Garden at our<br />
Spring Volunteer Day.<br />
Resources<br />
Videos<br />
Resources<br />
Videos<br />
• Apply to serve on a CAR committee or work group.<br />
• Download wellness apps to help you with work-life balance, on the go.<br />
Resources<br />
Resources<br />
Photo Galleries<br />
Photo Galleries<br />
• Listen to how Kevin Rocio leverages LinkenIn to grow his business.<br />
• Find out Megan McCallum’s investing tips from the recording of<br />
her YPN presentation.<br />
• Register for summer classes and amp up your skills.<br />
• Mark your calendars and register for upcoming events.<br />
Links<br />
Photo Galleries<br />
Links Photo Galleries<br />
• CAR Bicentennial Garden Spring Volunteer Day<br />
• <strong>2018</strong> NAR Legislative Meetings In D.C.<br />
• <strong>2018</strong> Capitol Conference<br />
• 2017 Sales Awards<br />
Links<br />
Links<br />
• Social media content, curated and ready for you!<br />
Digital Resources<br />
Extras<br />
Resources<br />
Look for the icon throughout the magazine for<br />
content with digital bonuses!<br />
Videos<br />
Links<br />
Links<br />
www.ChicagoREALTOR.com 9
OPTIMIZE YOUR<br />
OPE<br />
HOU<br />
Trends show some traditional practices REALTORS ® have relied<br />
on for decades are becoming more popular, such as the open<br />
house. More than half of all 2017 homebuyers visited an open<br />
house as part of their home search, according to a study from<br />
NAR, a seven percent jump from just five years ago. Even a<br />
tried-and-true tactic like an open house can be refreshed to<br />
better engage interested buyers and leverage new technology<br />
available. Here are some tools REALTORS ® can use to upgrade<br />
the open house experience.<br />
ALEXA: YOUR DIGITAL<br />
LISTING ASSISTANT<br />
Amazon’s cloud-based voice service, Alexa, is a powerhouse<br />
nestled in light, portable speakers. Several versions are<br />
available at different price points:<br />
• Echo Dot: $ 49.99<br />
• Echo: $ 99.99<br />
• Echo Spot: $ 129.99<br />
• Echo Plus: $ 149.99<br />
Since bursting onto the scene in 2014, app developers have<br />
created over 25,000 skills, or voice prompts, that allow users to<br />
engage with the smart speaker. One of these skills, Talk to The<br />
House, transforms Alexa into a virtual listing agent.<br />
10 Chicago REALTOR ® <strong>Magazine</strong>
weighing in at a breezy 2.3 pounds, won’t require detangling a<br />
mess of cords or multiple calls to tech support. All it requires is<br />
Wi-Fi, an outlet and a script prepared for the listing.<br />
N<br />
SE<br />
AUGMENTED REALITY:<br />
HOW TO STAGE YOUR HOME<br />
WITH PIXELS<br />
First things first: augmented reality (AR) is a live view of the<br />
real-world “augmented” with the addition of computer-generated<br />
images — think the Instagram and Snapchat filters that add puppy<br />
ears to whomever stares into a phone’s front camera.<br />
Though the technology has been around since the 1960s, AR<br />
is emerging as more than a novelty thanks to updates by Apple<br />
and Google. As many as 800 million smartphones and tables<br />
could support AR apps by the end of <strong>2018</strong>, according to an<br />
analysis by Deloitte. The impact AR could have on real estate<br />
depends on how popular these apps turn out to be, but the<br />
sky’s the limit in terms of what they can do.<br />
One way AR can boost an open house is through staging.<br />
Staging a home can make it easier for a buyer to visualize<br />
the property as their future home. A recent study from NAR<br />
found staged homes spend less time on the market and get<br />
higher offers compared to similar homes. But for listings that<br />
can’t spare the budget to be staged, AR apps from furniture<br />
companies Wayfair or IKEA can save the day. A potential buyer<br />
can point their smartphone’s camera at the master bedroom<br />
and see the space filled with a Wayfair bed and matching<br />
nightstands – all personalized to taste.<br />
360 DEGREE CAMERAS<br />
AND FACEBOOK LIVE:<br />
A 24-HOUR OPEN HOUSE<br />
360-degree cameras debuted at a cost that priced out all but<br />
the most ardent early-adopters. But the price of these orbs on<br />
a stick has dropped considerably, allowing a much larger group<br />
to try them out.<br />
IN <strong>2018</strong><br />
As a potential buyer inspects the master bedroom, Alexa can<br />
highlight the lakefront view — while a different Echo device talks<br />
area schools and access to amenities, or gives a final sales pitch<br />
to a couple about to complete the walkthrough.<br />
Interested buyers can simply tell the speaker their phone<br />
number and email address and be sent a message with an<br />
agent’s contact information. Setting up the Amazon device,<br />
Here’s how they work: the camera records everything except<br />
for what’s directly below it, live. Those watching aren’t limited<br />
to what is directly in front of them. If a bay window in a listing<br />
catches the eye, a viewer can turn the lens to focus intently on<br />
their potential future reading spot.<br />
So, how can a camera elevate the experience for those at an<br />
open house? Truthfully, it doesn’t. Its utility for REALTORS ® is as<br />
a tool to attract buyers right before and right after the showing<br />
— which truly shines with Facebook Live.<br />
Continued on page 12<br />
www.ChicagoREALTOR.com<br />
11
Continued from page 11<br />
Once an open house is set up and about to begin, a REALTOR ®<br />
can set the stage for the showing with a walkthrough on a<br />
360-degree camera on Facebook Live. Free from the constraints<br />
of editing video and pictures, this is a perfect opportunity to nail<br />
your first pitch of the day with live narration. As more viewers join<br />
the stream, a REALTOR ® can answer questions from the crowd<br />
(useful for predicting future open house or showing questions)<br />
and talk up the excitement of the event about to happen.<br />
Once the video is wrapped up, accessing it after the open<br />
house is a cinch. Facebook removes the technical headache of<br />
uploading a video and saves it in on the user’s page. The best<br />
part of all: REALTORS ® have a 360-degree experience of the<br />
home for interested buyers who weren’t able to attend the open<br />
house. All they have to do is provide a link to the website more<br />
than a billion people use every day.<br />
SNAPCHAT FILTERS AND<br />
GEOTARGETING ADS:<br />
MARKETING BY THE INCH<br />
People ages 20-27 made up eight percent of homes purchased<br />
in 2017, according to NAR. As they age into homeownership,<br />
REALTORS ® should adjust some of their social media marketing<br />
dollars to coincide with the shifting habits of young buyers.<br />
a Pew Research Institute survey released in March, but among<br />
those buying age, Snapchat is used by more than three quarters<br />
of U.S. adults aged 18-24, and most use the app every day.<br />
Though the app is famous for being difficult for older adults to<br />
use, marketing on Snapchat is a snap.<br />
One data-driven and cost-effective way to drive traffic to your<br />
open house is through a custom Snapchat Filter. Snapchat<br />
Filters are designs and text that border the camera within the<br />
app, appearing for all users in a designated area for a scheduled<br />
amount of time.<br />
Creating one doesn’t require a professional graphic designer. The<br />
company allows anyone to design their own filter at Snapchat.com<br />
by customizing provided templates with a simple message such<br />
as, “Open House at 123 Elm Street, 2-5 PM!”<br />
Next comes geolocation, which requires some strategy for<br />
maximum impact.<br />
Geotargeted ads appear to users who are on their phone within<br />
a designated area for a certain amount of time. Snapchat filters,<br />
like other geotargeted ad providers, charge by square footage<br />
and how long it’s scheduled to appear. If an open house is<br />
planned for an attached single-family home from 3 PM to 5 PM,<br />
scheduling the filter to appear at 1 PM within a 46,000-square<br />
foot radius would provide two benefits.<br />
One growing presence is Snapchat, which is more popular among<br />
teens aged 13-17 than the monolithic Facebook. Facebook is still<br />
the most used network among all adults over 18, according to<br />
Those living in the building who see the filter have enough time<br />
to tip off a friend looking to enter the condo market, or ride the<br />
elevator a few floors to engage with the REALTOR ® to discuss<br />
For listings that can’t<br />
spare the budget to be<br />
staged, AR apps from<br />
furniture companies<br />
Wayfair or IKEA<br />
can save the day.<br />
Photo courtesy of Wayfair.com<br />
12 Chicago REALTOR ® <strong>Magazine</strong>
houses. Boost automates advertising through social media<br />
networks such as Facebook, Instagram and Waze by creating<br />
ads, publishing them and tracking their performance. Boost’s<br />
algorithm also does the work of finding your audience. Once the<br />
open house is over, Boost gathers data to make it easy to judge<br />
what worked and what didn’t. Some larger firms have similar<br />
software in-house, but Boost is a great option for REALTORS ®<br />
interested in growing their digital reach.<br />
New technology is emerging all the time. REALTORS ® shouldn’t<br />
be afraid to “disrupt” their methods to try out a digital tool that<br />
can help grow their business — even if they’re successful now.<br />
Ultimately, clients are looking for someone they can trust to<br />
guide them through one of the biggest decisions of their life.<br />
That can’t be replaced by a computer.<br />
listing their condo for sale. How much did this<br />
example Snapchat Filter cost? Just $ 5.00.<br />
Though Snapchat is a growing presence among<br />
younger users, REALTORS ® shouldn’t divest<br />
from Facebook’s marketing. Facebook Business<br />
has a suite of geotargeting tools. Open house<br />
announcements can be sent to everyone who lives<br />
within 5 miles of the listing address, or specifically,<br />
to people who have visited the area recently who<br />
may be looking to move or buy.<br />
BOOST: OPEN HOUSE<br />
MEETS AUTOMATED<br />
MARKETING<br />
The success of an open house is predicated on<br />
it leading to a successful bid or generating a new<br />
lead — the only way to get either is by boosting<br />
attendance. The information we share online allows<br />
for highly-targeted marketing, such as identifying<br />
potential homebuyers who recently Googled<br />
properties nearby and sending them an ad for<br />
your listing. But for REALTORS ® with many open<br />
house showings, it may not be feasible to spend<br />
hours targeting and tracking online marketing.<br />
Enter: Boost.<br />
Talk To The House<br />
transforms Alexa into a<br />
virtual listing agent.<br />
Boost is a tool from Homespotter, a real estate<br />
software developer, designed to help REALTORS ®<br />
juggle multiple listings and promote multiple open<br />
Amazon Echo photo courtesy of Amazon.com<br />
www.ChicagoREALTOR.com<br />
13
Leverage Your<br />
Presence into<br />
New Business<br />
Author: KEVIN ROCIO, @properties<br />
If you aren’t generating clients from LinkedIn, you might be missing<br />
out. Nearly all our international clients have come from LinkedIn.<br />
If you follow me on LinkedIn, you would understand why someone<br />
from another country would be reaching out on a daily basis.<br />
Like many others in the real estate world and beyond, I actively<br />
use social media. But I do it with intention. Though social media<br />
platforms are similar, I use them for different purposes. Outside of<br />
LinkedIn, I also manage a Facebook and Instagram account.<br />
LinkedIn<br />
Think of LinkedIn as your professional resume — everything<br />
you do will be reflective of what kind of person you are and how<br />
you operate within your industry. I suggest REALTORS ® create<br />
two pages: a page for their business and a personal page. A<br />
business page adds legitimacy to your business and can help<br />
direct clients to your website and office. A personal page allows<br />
14 Chicago REALTOR ® <strong>Magazine</strong>
REALTORS ® to create a profile to share their credentials, post<br />
content and network.<br />
Your profile gives you a chance to promote yourself and make a<br />
case for why you are the ideal real estate broker. If you intend to<br />
generate clients, you should first consider your areas of strength<br />
in real estate. To stand out online and in the market, you need to<br />
play to these strengths. You will never see me sell a condo. You<br />
will never see me sell a single-family home. I don’t know that<br />
market. I don’t want to know that market.<br />
I decided I wanted to be a specialist on LinkedIn for investment<br />
sales. International clients are coming to Chicago in droves, which<br />
is starting to shake things up for local investors. Part of why I’ve<br />
been successful attracting international clients is because<br />
everything on my account and everything I post communicates<br />
my specialization in investment sales.<br />
Grow Your Audience<br />
When a potential client views my posts, they aren’t seeing “selling”<br />
posts. While everyone else is posting, “Just closed. Just closed. Just<br />
closed” — the content on my page isn’t “Just closed.” I’m posting new<br />
listings and information about properties that is useful to local and<br />
international investors. I’m building an audience by simply sharing<br />
my knowledge and advising on Chicago’s investment market.<br />
It’s important to keep your audience in mind when posting on social<br />
media. When writing the content, ask, “Is this information my clients<br />
or colleagues would find interesting and useful?” Likely no one is<br />
going to be very interested to read about who you voted for, where<br />
you dined or who won the playoff. Once your content is focused<br />
on your real estate specialty and useful to clients or colleagues,<br />
consider adding mentions and tags before hitting send.<br />
Use @Mentions and #Tags for Posts<br />
Mentions and tags are very useful for getting your content shared<br />
and growing your audience. Mentions, shown as an “@,” add<br />
people into your content and link to that person’s profile. Those<br />
mentioned also typically get a notification. If you’re sharing a<br />
colleague’s success story or a referral that led to a win, make<br />
sure you’re mentioning that person. Adding analysis on a Chicago<br />
market report? Don’t forget to mention friends, clients and industry<br />
professionals you admire so they’re aware of your content.<br />
Tags, shown as a “#,” add searchable keywords to your posts. You<br />
should also be tagging your posts for the topics you’re covering.<br />
Why is this useful? I’ve tailored my LinkedIn profile to investment<br />
sales, so two of my favorite tags are #internationalinvestors and<br />
#globalinvestors. This lets my content show up more easily when<br />
someone searches for either of those terms, including to people<br />
outside of my network.<br />
On my LinkedIn page, I share:<br />
• New listings and other open house information<br />
• Chicago real estate news<br />
• Market-related and other real estate information<br />
• Colleagues’ success stories<br />
• Articles I’ve written<br />
LinkedIn has a built-in publishing platform called Pulse to share<br />
professional insights. I’ve published 17 Pulse articles on topics<br />
such as the benefits of multi-family investment for renters, what<br />
international investors are looking for in the Chicago market and<br />
condo deconversions. Pulse takes my LinkedIn strategy a step<br />
further, allowing me to become a thought leader.<br />
LinkedIn Content I Avoid:<br />
• LinkedIn Groups — If ten agents are in a group discussing<br />
the market, how does this help grow your business?<br />
• Asking for referrals — If you are actively sharing valuable<br />
content and information, you will be viewed as a trusted<br />
advisor and the referrals will come to you.<br />
• Closing stories that aren’t compelling.<br />
Vet Your Responses<br />
Vetting a potential client is important both from a liability standpoint<br />
and to make sure you’re making the best use of your time. When<br />
international clients first started reaching out a few years ago, I would<br />
think it was spam or someone was trying to hack into my account.<br />
One of the first questions to ask someone reaching out via LinkedIn is<br />
if they have an attorney or lender they’re working with. If not, I would<br />
make that introduction. Once vetted by the attorney or lender, I<br />
then step back into the buying process with a potential investor.<br />
Don’t Sell and Be Patient<br />
I start my day at 3 AM to work with international clients within their<br />
time zones. On a recent morning, I was trading emails with a client<br />
from Austria regarding insurance information needed for his five<br />
upcoming property closings (81 units). My Austrian client is a great<br />
example of what can happen when you have patience. We just<br />
traded emails back and forth for the first nine months. But since<br />
then, he has purchased more than 100 units. And to my surprise,<br />
he even flew into Chicago recently to attend the<br />
grand opening of my other business.<br />
Kevin Rocio<br />
CNE - Commercial Broker<br />
@properties Commercial<br />
Check out the recording of Kevin’s YPN breakfast<br />
presentation on how he attracts global investors.
16 Chicago REALTOR ® <strong>Magazine</strong><br />
Photo by Marcello Rodarte
Q&A with<br />
MICHELLE<br />
MILLS<br />
CLEMENT<br />
Being born and raised<br />
here, I have a different<br />
appreciation for what<br />
Chicago’s been and what<br />
it is – to have a hand in<br />
shaping our city’s future<br />
through our work at<br />
CAR is incredible.<br />
In mid-April, the Chicago Association of REALTORS ®<br />
welcomed our new Chief Executive Officer Michelle<br />
Mills Clement, CAE. Michelle joins us after five<br />
years in Seattle, first as the executive director of<br />
NAIOP, the Commercial Real Estate & Development<br />
Association, and then as president and CEO of the<br />
Commercial Brokers Association. As an association<br />
executive, she’s won numerous awards, including<br />
being named as a 2014 Forty Under 40 by Association<br />
Forum of Chicagoland and a Woman of Excellence<br />
in Male-Dominated Careers by the Women of<br />
Color Empowered and Northwest Asian Weekly. A<br />
native Chicagoan, Michelle shares how her diverse<br />
professional experiences will help shape our<br />
association moving forward.<br />
<strong>CR</strong>: How do members describe you, and what do they<br />
like about working with you?<br />
MMC: Members feel like they are part of my team. My<br />
goal is to help increase productivity and make things<br />
easier for them to do their work. I’ve been told I’m a big<br />
picture thinker, very collaborative, organized, driven<br />
and efficient. If I don’t know the answer to something,<br />
I’ll do the research and get myself up to speed.<br />
Continued on page 18<br />
www.ChicagoREALTOR.com 17
Continued from page 17<br />
They also think I’m funny! I’m pretty laid back and I joke around a<br />
lot. I connected well with members in Seattle because they could<br />
stop by and see me. I’m not formal and I’m not untouchable.<br />
<strong>CR</strong>: What has been most instrumental to your professional success?<br />
MMC: I’m a listener. I like to listen to the needs of staff and members<br />
— you learn more from listening than you do from talking.<br />
I also have good instincts. I’m good at elevating strengths as well<br />
as complementing weaknesses. I like to create an equal playing<br />
field — working with everyone from the board of directors and<br />
executive team, to the front-line staff. I see great value in what<br />
different people and viewpoints can bring to the table.<br />
<strong>CR</strong>: How did you know association management was what you<br />
wanted to do?<br />
MMC: I was working at a TV station as an associate producer in<br />
college at Bradley University in Peoria. I remember walking out of<br />
the station and another producer’s car was smoking in the parking<br />
lot. As he slammed the hood of the car down, he said, “If you stay<br />
in tv, this is what you’re looking forward to!” I was like, “I definitely<br />
don’t want that. I need to find another job!”<br />
I enjoyed event planning and working for nonprofit organizations<br />
in college, so I looked for a job that had that. I ended up at the<br />
Boy Scouts of America doing fundraising, volunteer management,<br />
training and working with the board. It was all encompassing,<br />
which I loved. From there, I took on another fundraising and<br />
volunteer management position with the Muscular Dystrophy<br />
Association. My commitment to association management<br />
came when I went to work with the world’s largest association<br />
management company, SmithBucklin. SmithBucklin manages<br />
more than 200 different associations, and they train you to be as<br />
effective and valuable as possible for those association clients.<br />
It’s basically a crash-course in board governance, volunteer<br />
management, member relations and leadership training at a<br />
fast pace — and I loved it. To have my career focus on helping<br />
people be the best they can be, and have the best resources and<br />
experience they can have in their professions, means a lot to me,<br />
so I made a strategic decision to stay in that realm.<br />
I am not the person that likes to sit behind a computer all day —<br />
I’m a people person, and associations give you that opportunity<br />
to meet with members and engage one-on-one. My mom still<br />
doesn’t entirely understand what I do [laughs] but she recognizes<br />
the REALTOR ® brand.<br />
<strong>CR</strong>: What drew you to real estate?<br />
MMC: When I moved to Seattle, association management wasn’t<br />
viewed as a career the way it is here in Chicago and in Washington,<br />
D.C. So, I got a certificate in commercial real estate from the<br />
University of Washington, which solidified my interest in the industry.<br />
I started at NAIOP, the Commercial Real Estate & Development<br />
Association, working with developers. I’d walk around my Seattle<br />
neighborhood and identify new projects that were going up.<br />
Seattle is booming in commercial real estate, and we watched<br />
the Amazon campus grow up around us. It underscored the<br />
importance of the real estate industry to everyone’s lives.<br />
Then, when I switched over to working with brokers and was<br />
introduced to the MLS system, that was intriguing. I had been on<br />
the consumer end, in going through the homebuying process,<br />
and I’ve seen real estate from the developer perspective and<br />
the commercial broker perspective. Real estate touches so<br />
many people, and I love being able to continue to educate<br />
people on the industry and its importance. It came out the blue,<br />
but it’s been such a good fit.<br />
This role at CAR — I wasn’t looking for it. I was content in Seattle.<br />
But, CAR is an organization that is so well respected — not just<br />
in real estate but throughout the association world. I love what<br />
CAR represents in being the Voice for Real Estate in Chicago —<br />
and Chicago’s such a major market. It’s a real honor.<br />
<strong>CR</strong>: What opportunities do you see for CAR to expand our influence<br />
and better provide resources and services for our members?<br />
MMC: I’m excited to be back in my hometown and learn more<br />
about what’s coming down the pipeline in real estate. It’s exciting<br />
to see how the city is poised to transform and how the market<br />
could react to that, good and bad. Being born and raised here, I<br />
have a different appreciation for what Chicago’s been and what it<br />
is — to have a hand in shaping our city’s future through our work at<br />
CAR is incredible.<br />
The REALTOR ® organization is the largest trade organization with<br />
an outsized lobbying influence. In Chicago, the political machine,<br />
tying the REALTOR ® brand to that is very impactful — we can have<br />
a positive influence on the issues that can negatively impact the<br />
community.<br />
Our government affairs directors are good at looking at, “What’s<br />
the impact of this ordinance on REALTORS ® as well as the<br />
community?” I want CAR to be at the forefront of working to<br />
educate the community on these issues and how it can affect<br />
them. Homeownership in general is a win-win for everyone. So,<br />
how can we put our resources and membership to work for the<br />
community? I want the community to know that if they work with<br />
a REALTOR ® , they’ll be taken care of and have all the information<br />
they need.<br />
As I learn more about our members and their involvement in<br />
our 77 different communities, I’m very interested in ensuring our<br />
services and resources are accessible to our entire member base.<br />
I have a strong interest in ensuring all areas of our membership<br />
are represented and provided for, regardless of their geographic<br />
location — including education. CE and education is at the core of<br />
keeping your license — we must ensure our education offerings<br />
are accessible to all.<br />
I’m interested in continuing to build our commercial presence and<br />
involvement. That’s where a lot of my background is, so I can be<br />
a huge asset to our CommercialForum members. Commercialspecific<br />
CE and education is important to me; I’d like to continue<br />
to grow that, too.<br />
18 Chicago REALTOR ® <strong>Magazine</strong>
Michelle, her husband Brace and their son Broyce.<br />
I also want to make sure I’m visible. I want to be out in the field and visit<br />
offices of all sizes — that’s how I can better understand our members’<br />
day to day and provide for their needs.<br />
We have an incredibly diverse leadership team and staff — I’d like<br />
to further grow our volunteer base and leadership development<br />
opportunities so that members can climb the ranks, not only in<br />
the REALTOR ® organization, but also in their own companies.<br />
And then helping our Board of Directors push forth their agenda<br />
and mission. I’ve worked with many boards, and this is one of the<br />
most diverse and innovative groups I’ve had the opportunity to<br />
work with and that speaks to the caliber of the organization.<br />
<strong>CR</strong>: What have you learned in the past couple years that will<br />
influence you moving forward?<br />
MMC: Not to move too fast. Stop and listen. Appreciate what’s<br />
established. Appreciate the history of the organization and what<br />
works, what doesn’t. I’ve learned to take my time and understand<br />
the whole puzzle and the pieces that make it up, before you start<br />
to build your own. Taking the time to make informed decisions<br />
and not reactive ones.<br />
Listening is vital. You can hear one message from one segment of<br />
the membership, then another from another segment — they’re all<br />
right. When you listen, you can find the commonalities. My job is<br />
to pull it all together so that it meets the greatest need.<br />
<strong>CR</strong>: What do you see as one of our greatest challenges going forward?<br />
MMC: The issue of segregation in some of our communities here<br />
in Chicago previously established via political and/or lending<br />
policies still haunts us today, and keeps me up at night, honestly.<br />
Ensuring equal access to housing and fair lending practices<br />
in all 77 neighborhoods we serve will always be a priority. As<br />
we celebrate the 50th anniversary of the Fair Housing Act, it’s<br />
important for us to keep a pulse on how far we’ve come, and what<br />
more we still have to do. I’m proud that our association is a leader<br />
in supporting Fair Housing.<br />
<strong>CR</strong>: What about in your free time — are you involved in any<br />
philanthropy work?<br />
MMC: I get a lot of satisfaction out of volunteer work and I do<br />
most of my philanthropy through two organizations. The first<br />
is my sorority, Delta Sigma Theta Sorority, Inc., a non-profit<br />
public service organization. We do a lot of work around our<br />
five-point programmatic thrust, including education, economic<br />
development, physical and mental health, political awareness and<br />
involvement, and international awareness and involvement.<br />
I push a lot of volunteerism around that.<br />
I’m also active in the Junior League, first in Seattle and now as a<br />
new member of Chicago’s. I enjoy volunteering with children and<br />
child advocacy work. Back in Seattle I was a regular volunteer<br />
with the Boys and Girls Clubs and the local K-8 school in my<br />
neighborhood. I love helping kids channel energy through activity<br />
and the outdoors.<br />
<strong>CR</strong>: What other hobbies and interests do you have?<br />
MMC: Brunch. I love to brunch, and I’m excited to be back in Chicago<br />
and the vibrant food scene here.<br />
I have a strong interest in wine, having spent the last few years in<br />
Washington, which is the second largest wine country in the US<br />
next to Napa. I have a pretty good collection started. When I was<br />
pregnant and didn’t drink, I would still go and smell wines. After I had<br />
my son, it was fun to then taste them and expand my notes. It helped<br />
me develop my palette even further.<br />
I also really enjoy politics and political campaigning. I do a lot of<br />
volunteer work on federal campaigns and just love election season.<br />
And I love traveling with my family, my husband Brace and our son,<br />
Broyce. Broyce has flown to more places in his first year of life than I<br />
think I have the last five years! He travels well and he’s a really happy,<br />
social baby. We hope we can keep that spirit in him. He’s a people<br />
person, too!<br />
www.ChicagoREALTOR.com 19
MAKE YOUR<br />
CAREER DREAMS<br />
COME TRUE.<br />
APPLY FOR SCHOLARSHIPS<br />
Chicago Association of REALTORS ® Foundation was founded to help assist students in funding<br />
their educational needs.<br />
• Designation Scholarships<br />
• REALTORS ® Real Estate School Scholarships<br />
• Young Professionals Network Scholarships<br />
• NEW - The Xavier O. Joy Scholarship<br />
• Higher Education Scholarships<br />
• Veterans Real Estate Scholarships<br />
• Zeke Morris Scholarships<br />
The Xavier O. Joy Scholarship provides for Illinois students wishing to pursue higher education at Morehouse College<br />
in Atlanta, GA. The recipient(s) will be a current young leader who seeks to make a difference in their community.<br />
Xavier O. Joy was a graduate of Chicago’s esteemed Whitney Young High School and an accomplished studentathlete<br />
who attended Morehouse College in Atlanta, where he played football. Xavier returned to Chicago on a<br />
mission to give back to his community by teaching and tutoring disadvantaged youths. Tragically, in 2017, his life<br />
was cut short by senseless gun violence. His untimely death was a loss to our Chicago communities, which need<br />
determined young men seeking to make a positive difference. A higher education scholarship has been established<br />
in honor of his life. Preference will be given to children of REALTORS ® .<br />
Applications are accepted and awarded on an ongoing basis throughout the year.<br />
www.ChicagoREALTOR.com/Foundation
Tools to Help<br />
Property Managers Reach Full Capacity<br />
REALTORS ® aren’t just in the business of buying and selling homes; some are also in the business<br />
of managing properties. Like a REALTOR ® , a property manager’s job never ends, and time is money.<br />
Luckily, there are simple tools available online to make your life easier, so you can run your<br />
residential or commercial property to its full capacity.<br />
123LANDLORD.com<br />
A website recommended for landlords,<br />
teams or brokers who manage<br />
units. Users have complimented the<br />
marketing and operational capabilities,<br />
praising the ability to track issues<br />
and unit vacancies. You can receive<br />
payments online, track expenses, get<br />
maintenance alerts, access various<br />
forms, screen tenants and get live<br />
support. There are different pricing<br />
plans, but the basic account is free.<br />
TENANTCLOUD<br />
The cloud-based platform claims to<br />
offer end-to-end solutions for both<br />
single-unit landlords and larger-scale<br />
property managers. What separates<br />
TenantCloud from other similar<br />
platforms is its additional features like<br />
comprehensive accounting, a marketing<br />
site, photo-based maintenance<br />
requests, investment property analysis<br />
and access to a pool of local contractor<br />
bids. User reviews also mention it offers<br />
seamless navigation. You can sign up for<br />
a free basic plan or upgrade to standard<br />
or advanced plans for more features.<br />
RENTEC DIRECT<br />
The software is best suitable for<br />
landlords managing 10 or less<br />
properties. It features strong data<br />
security, no minimum commitments<br />
or term contracts required. Landlords<br />
can track property income, expenses<br />
and essential accounting reports. The<br />
tab-based navigation allows managers<br />
to switch between property or tenant<br />
profiles. Plus, you can run tenant due<br />
diligence and rental payment history.<br />
You can start a free trial of its monthly<br />
Pro or PM plan.<br />
COZY<br />
A free tool available on any device that<br />
is useful for independent landlords<br />
and property managers. The flexible<br />
platform facilitates a variety of online<br />
transactions, including rent payments,<br />
move-in charges and other one-time<br />
fees, with the ability to send reminders<br />
to tenants. Users can share documents,<br />
manage listings, screen tenants and<br />
even require renters to purchase<br />
insurance. Rent estimate and property<br />
analyses are available for an extra fee.<br />
Cozy makes it easy to monitor rentals<br />
and market vacancies early.<br />
SIMPLIFYEM<br />
Simple and affordable property<br />
management software targeting<br />
property managers, management<br />
companies and landlords. It focuses<br />
on the essentials: online payments and<br />
basic accounting. It offers free trials for<br />
its plans geared toward landlords or<br />
property managers. The system offers<br />
a payment portal, tenant and lease<br />
management tool, and limited monthly<br />
owner reports. Users also get access to<br />
a rental property tax deduction walkthrough<br />
and there’s special help for real<br />
estate professionals.<br />
RENTLER.com<br />
Serves primarily as a rental listings site<br />
but offers several free resources for<br />
property managers. Its resources page<br />
features useful news like “How to Price<br />
Your Rental,” has guides on local laws,<br />
and features a landlord FAQ. Easily<br />
communicate with tenants, collect<br />
rent payments, receive maintenance<br />
requests and access a library of<br />
lawyer-approved legal forms. For an<br />
additional fee, you can screen potential<br />
tenants and accept applications.<br />
www.ChicagoREALTOR.com 21
An investor looks to<br />
purchase property where<br />
they can add value, either<br />
by repairing the property<br />
to force appreciation, by<br />
improving underperforming<br />
assets or re-purposing a<br />
property to its best and<br />
highest use.<br />
SIX<br />
As a fulltime real estate investor, I’m always<br />
looking to buy. I also have a vast network of<br />
other investors who are constantly looking.<br />
So, what makes an investor happy? This is<br />
the million-dollar question.<br />
CONSIDERATIONS<br />
TO MAKE<br />
WHEN WORKING<br />
WITH<br />
INVESTORS<br />
MEGHAN McCALLUM<br />
VP Operations and Acquisitions<br />
McCallum Real Estate<br />
Lean in. I’m about to tell you a secret…<br />
If an investor just says they want “a deal,”<br />
then they don’t know what they want.<br />
Welcome to an investor’s number one<br />
problem — common if the investor is new,<br />
expanding their business or entering a new<br />
market. But, this is the opportunity, because<br />
the investor and the REALTOR ® need each<br />
other to survive and thrive.<br />
TRIAGE YOUR<br />
INVESTOR CLIENTS<br />
Triage is the process of sorting, prioritizing<br />
and determining the treatment of those<br />
in need who outnumber the resources<br />
currently available. It emphasizes<br />
prioritization, the determination of<br />
appropriate actions and the sheer avoidance<br />
of failure. Triage is the fast and furious way<br />
to determine specific objectives to the<br />
highest and best care quickly. The triage<br />
process must be re-examined regularly<br />
to determine over time if the objective is<br />
successful. This was first used in the 1930’s<br />
in wartime medical response and is a system<br />
our emergency responders still use today.<br />
Triage also works in business when<br />
resources are inundated above and beyond<br />
the need for response. For REALTORS ® , you<br />
can to use triage to provide investors what<br />
they need. What does this mean?<br />
I use my Real Estate Investing (REI) TRIAGE<br />
tool to help new and underperforming<br />
investors find their place in our industry.<br />
Listen to Megan’s other investing tips from<br />
her YPN breakfast presentation.
These are six distinct topics every investor<br />
fits into in some way, whether they’re<br />
aware of it or not.<br />
Investors work like any other client in that<br />
you need to really understand what’s<br />
important to them. Getting the most<br />
amount of money for their property may<br />
not be it; instead, they may value simplicity,<br />
speed and a lack of public exposure.<br />
Use my super simple system to qualify and<br />
add value to your investor relationships.<br />
The acronym TRIAGE stands for six areas<br />
you need to learn about your investor. Let’s<br />
get started.<br />
TOLERANCE<br />
Your investor client has a tolerance for<br />
risk that differs slightly from your average<br />
homebuyer.<br />
If an investor is low risk, they may want<br />
to consider traditional forms of investing,<br />
such as the buy and hold methodology.<br />
Their tolerance may also be expressed<br />
as a pain tolerance, where pain is a loss.<br />
Other investors will buy properties that<br />
don’t cash flow due to a preference for the<br />
opportunity for appreciation.<br />
It’s important to note that investors also<br />
have a tolerance for outdated finishes<br />
that could turn off other potential buyers,<br />
making them an ideal outlet for a seller who<br />
doesn’t want to make certain upgrades, like<br />
removing ’70s wallpaper, prior to selling.<br />
The REALTOR ® can also be more direct<br />
in an investor transaction, since the<br />
investor isn’t looking for the perfect home.<br />
Instead, a REALTOR ® and investor client<br />
can crystallize what the deal looks like<br />
so you both know when you find it. In any<br />
transaction, the investor should be able<br />
to provide more specifics than your<br />
typical homebuyer.<br />
RESOURCES<br />
This is one of the key measures of your<br />
investor’s capabilities. Here, you should<br />
inquire into their financial capabilities and<br />
creditworthiness, and find out if they are<br />
prequalified. Ask if they plan on buying with<br />
cash — and if so, is it their own or do they<br />
have a hard money lender already in place?<br />
Time is another resource. Are they a<br />
fulltime investor or someone who would<br />
like to put their investments under<br />
professional management because<br />
they have a great W2 job? If someone<br />
doesn’t have much time to devote to their<br />
investment, that person may expect you<br />
to find their deals for them.<br />
Other important resource questions<br />
include:<br />
• Who is in their network?<br />
• What professional connections do<br />
they have?<br />
• Will they be working with a partner?<br />
• What is their education or<br />
experience?<br />
INVOLVEMENT<br />
It’s important to find out how your client<br />
wants to be involved with a property. Do<br />
they want to see something they can<br />
walk into and own, or do they want to<br />
roll up their sleeves, get dirty and swing<br />
a hammer? Some investors walk their<br />
own properties and perform their own<br />
inspections. Others partner with someone<br />
else who will be the hands-on owner.<br />
Perhaps what your clients really need is an<br />
experienced partner where they can place<br />
their money — these can be the trickiest<br />
of clients to deal with. You know they<br />
want to buy an investment but they don’t<br />
have the time, know-how or real, genuine<br />
interest in the process. Here’s a tip: refer<br />
this person to an active investor you know!<br />
Good investors make money and believe<br />
that a rising tide lifts all ships. We know<br />
there’s enough money to go around and<br />
are happy to show you our gratitude.<br />
APPEARANCE<br />
Appearance is an important consideration<br />
when judging the importance of pride of<br />
ownership. What class of properties and<br />
tenants does the investor tolerate and<br />
want to work with? This will quickly help<br />
you choose properties or areas under<br />
consideration, based on their preferences.<br />
GOALS<br />
The goal is the investor’s why. Why are<br />
they investing — is this part of their<br />
retirement plan? Is this mostly for fun,<br />
say, to justify a vacation home? Are they<br />
wanting to place their money in a safer<br />
position? Are these short-term goals or<br />
long-term? Perhaps they are looking to<br />
provide their kids with multigenerational<br />
wealth. Are they planning on living off<br />
the cash flow? Are they looking for a<br />
place to provide tax protection to their<br />
portfolio? Would they like to use their<br />
401K to invest and may need to switch<br />
it to a self-directed plan to do so? Goals<br />
and resources are where you can find so<br />
much of what you need to know to find the<br />
investor happy place.<br />
EXIT STRATEGY<br />
Every investor should have an exit<br />
strategy based on their plans for the<br />
investment property. These plans may<br />
differ depending on their goals. Are they<br />
thinking about flipping, or do they want<br />
to buy and hold for a specific number<br />
of years? Some investors may not even<br />
realize they have an exit plan — it is up to<br />
you to help them realize their resources<br />
and goals, so then they can create one.<br />
The real estate industry is a loyal one, and<br />
investors are no different. Because real<br />
Remember<br />
T.R.I.A.G.E.<br />
estate investing success looks different to<br />
so many people, no two investors are alike.<br />
Just like your residential homebuyers,<br />
investing is highly personal.<br />
And, keep in mind: it’s not always just<br />
about the dollar (I’ve been screaming this<br />
from the rooftops for years).<br />
Real estate investing is no longer just an<br />
elitist practice — thanks to free education<br />
via the Internet. Give a man a fish and he<br />
eats for a day; teach a man to fish, and he’ll<br />
buy property from you every 18 months<br />
on average, as opposed to every five-toseven<br />
years. See what I did there?<br />
Give working with investors a chance,<br />
because doing so will increase your<br />
resiliency, networking opportunities and<br />
maybe, just maybe, get you investing like<br />
you know you should.<br />
www.ChicagoREALTOR.com 23
Use these Apps<br />
for Wellness<br />
It’s easy to forget a meal or stay up later than intended during a stressful week. Thanks to<br />
wellness apps, you can de-stress quickly and on the go. Wellness apps are more than a<br />
trend. Most new Android and iPhone devices come standard with health monitoring tools.<br />
Wearables, such as the FitBit and Apple Watch have tracked trillions of heartbeats and<br />
steps walked. These numbers that make up our health can tell us more about ourselves<br />
than has ever been possible. We’ve highlighted some wellness apps that can help you<br />
interpret what these numbers mean and get better sleep, exercise and relaxation on the go!<br />
SLEEP SOUNDLY<br />
PILLOW: Smart Sleep Tracking<br />
Getting a good night’s sleep is complicated.<br />
For one, how long it takes to be well-rested<br />
isn’t the same for everyone. The other issue is how hard it can<br />
be to track.<br />
Pillow: Smart Sleep Tracking is an app that removes the<br />
guesswork from getting better rest. Simply set a time to wake<br />
up and hit start right before falling asleep. Pillow tracks where<br />
you are in a sleep cycle and wakes you up a few minutes<br />
before your alarm is set, based on when it will be easiest<br />
for your body. The more nights you use Pillow, the more<br />
data you’ll have to gauge the quality of your rest. Pillow is a<br />
top-rated app for iOS but currently isn’t available for Android<br />
devices. See below for sleep apps available on the Google<br />
Play Store. Sweet dreams!<br />
Price: Free to download. The premium version is $ 4.99, which<br />
unlocks access to more in-depth statistics and some cosmetic<br />
features, and is available for purchase in-app.<br />
See Also: Sleep Cycle, Sleep Better, Sleep Time<br />
Link: Download Pillow on the App Store or find more<br />
details online.<br />
MEDITATION<br />
MADE EASY<br />
CALM<br />
Meditation’s benefits, including lowering<br />
blood pressure and lessening the symptoms<br />
of anxiety, are backed by research. But, it can be hard to know<br />
where to start. Guided meditation can be easier and more<br />
impactful than going it alone.<br />
Calm is an app that takes the stress out of de-stressing.<br />
Through a simple, yet elegant interface, you can choose a<br />
relaxation program that works around your schedule. The<br />
app’s daily, 10-minute guided meditation can help set the<br />
tone for you day, while inhaling in rhythm with the “Breathe<br />
Bubble” can take the edge off when there’s only a minute to<br />
spare. Calm also acts as a life coach, sending affirmations<br />
rewarding you for making time for yourself — and gently<br />
nudging you when you haven’t.<br />
Price: Free to download. A subscription to premium can be<br />
purchased in the app. Prices vary.<br />
See Also: Headspace, Giant Mind, Stop, Breath & Think<br />
Link: Download Calm on the App Store or on Google Play.<br />
24 Chicago REALTOR ® <strong>Magazine</strong>
YOGA FOR A<br />
FLEXIBLE SCHEDULE<br />
ASANA REBEL: YOGA AND FITNESS<br />
The on-the-go yogis of <strong>2018</strong>, tasked with<br />
(somehow) finding a few hours every week to fit in time at a<br />
yoga studio, are stretched too thin. But thanks to the meteoric<br />
rise of virtual instruction, it’s now easier than ever to maintain<br />
your practice — or start a new habit!<br />
One of the easiest virtual programs is Asana Rebel: Yoga<br />
and Fitness, which contorts to whatever your individual<br />
fitness goals are. Looking to specifically strengthen your<br />
back? There’s a program for it. Looking for a month-long,<br />
guided program to gain flexibility? There’s a program for<br />
that, too. Many of the instructors run classes offline, and the<br />
video programs project the same soothing tones and light<br />
fitness or spiritual insights that would sound at home in any<br />
conventional studio. The app lets you customize your own<br />
program, schedule as many times as are convenient and<br />
sends encouragement when you follow through.<br />
Practicing with a phone isn’t perfect: a phone’s small screen<br />
and the lack of a physical instructor to correct your posture<br />
are two big drawbacks. But until full-size holograms can<br />
beam in on-demand, this <strong>2018</strong> form of yoga is convenient and<br />
engaging.<br />
Price: Free to download. Subscription options for premium<br />
features can be purchased in the app. Prices vary.<br />
See Also: Daily Yoga, Lucid Mental Training, Smiling Mind<br />
Link: Download Asana Rebel on the App Store or on<br />
Google Play.<br />
CONQUER<br />
CHALLENGES WITH<br />
COACHES<br />
LUCID MENTAL TRAINING<br />
confidence, focus and drive. Betchart, who coached the top<br />
NBA draft pick for 2014, 2015 and 2016, uses simple tools to<br />
help affirm and lock users into the moment — useful for the<br />
treadmill or to prepare for a client meeting.<br />
Price: Free to download. Subscription options for premium<br />
features can be purchased in the app. Prices vary.<br />
See Also: Stack Personal Coach, Nike Training Club,<br />
Headspace for Sports<br />
Link: Download Lucid Mental Training on the App Store or<br />
on Google Play.<br />
ACE YOUR NEXT<br />
WORKOUT<br />
WOD DECK OF CARDS<br />
Exercising regularly is a good habit. One<br />
of the struggles in starting a healthy habit — say, exercising<br />
every morning before work — is getting through the routine to<br />
get to the reward.<br />
WOD Deck of Cards is an app for people who want to begin a<br />
workout habit or those looking to mix up their usual program.<br />
Here’s how it works: you first assign an exercise for each suit<br />
of cards. Pushups can be diamonds and burpees are clubs.<br />
Once you tap start, the app sends out one of 52 possible<br />
sets for you to do. The number of reps corresponds with the<br />
number on the card, though a pair of jokers are thrown into<br />
the mix for an extra-challenging set. The customization WOD<br />
Deck of Cards offers makes it easy to adapt to all fitness<br />
levels. The app even records your time and allows you to save<br />
particularly satisfying sets of cards for use later.<br />
Price: Free to download.<br />
See Also: ShredDeck, RipDeck, SweatDeck<br />
Link: Download WOD Deck of Cards on the App Store or<br />
on Google Play.<br />
Coaches are an important aspect of every<br />
part of our lives, and mental training’s effectiveness is backed<br />
up by research.<br />
Lucid is an app that grants you access to world-class coaches<br />
— access that used to be exclusive to clients like Kobe Bryant<br />
and Michael Jordan. Lucid’s head coach, Graham Betchart,<br />
has designed a daily five-minute audio course focusing<br />
on four pillars to help break down mental blocks: wisdom,<br />
www.ChicagoREALTOR.com 25
Six Steps to Avoid<br />
a Low Appraisal<br />
Getting a low appraisal for a property is one of the most<br />
frustrating components brokers face in a transaction, especially<br />
when both parties have already agreed on a price for the home.<br />
When a homebuyer and seller are moving through the purchase<br />
process, a low appraisal could potentially derail the deal.<br />
There are several reasons why an appraisal could come in lower<br />
than expected. The appraiser might not have done a thorough<br />
job or might not know the area well enough to provide an<br />
accurate assessment of home values. Or, the home itself<br />
legitimately could be worth less than the parties would expect.<br />
After receiving a low appraisal, there are steps that brokers can<br />
take, including getting the appraisal adjusted, having the buyer<br />
apply for a loan with a different lender, asking the buyer and<br />
seller to agree to a new price or requesting that the buyer put<br />
down a higher down payment.<br />
But the best solution is to avoid a low appraisal all together.<br />
At AgentEDU, we study the techniques used by the top brokers<br />
in the industry and share their best practices. We found most<br />
brokers can avoid the problem of a low appraisal if they follow<br />
these six steps.<br />
Prepare the home<br />
for the appraisal.<br />
This first step seems like the most<br />
obvious, but the details on how<br />
a home looks — both inside and<br />
out — can make a significant impact<br />
on the final appraisal. Leave the home<br />
staged, make sure it looks clean and keep up<br />
the curb appeal. Even though appraisers will look at much more<br />
beyond the cosmetic details, it doesn’t hurt to put a home’s best<br />
side forward. Appealing to the natural human tendencies of an<br />
appraiser will help show that a home is desirable and valuable.<br />
Be present at<br />
the appraisal.<br />
Brokers may be tempted to have<br />
someone let an appraiser in the door<br />
and wait around until they finish, but<br />
having the selling broker be present at the<br />
appraisal can make a difference in the final<br />
value. It lets the appraiser know you’re a serious<br />
agent and want to be helpful in the process. But, don’t be too overbearing<br />
or make the appraiser think you don’t trust their work. Let<br />
them do their job, but support them in the process.<br />
28 Chicago REALTOR ® <strong>Magazine</strong>
Be helpful.<br />
When the selling agent arrives for<br />
the appraisal, they should also be<br />
prepared with information about the<br />
property and anything the appraiser<br />
might need. Keep a detailed binder<br />
with any and all relevant information,<br />
including comps with the address, square<br />
footage, number of rooms, a selection of photos<br />
and more. If the appraiser is pulling information from a database,<br />
their findings may be inaccurate. Provide them with up-to-date<br />
information instead.<br />
kindness can go a long way.<br />
Be relatable.<br />
By connecting with the appraiser,<br />
you remind them that you aren’t just<br />
a commissioned salesperson who’s<br />
just looking to get the most from a<br />
sale. Dress casually — not like you are<br />
entering a high-powered negotiation.<br />
Engage in conversation with the appraiser,<br />
know their name and show respect. A little<br />
Be inquisitive.<br />
Ask the appraiser questions about<br />
where they are from and what parts<br />
of Chicagoland they typically work<br />
in. If your appraiser is someone who<br />
normally works in your area, then<br />
they will have a good understanding<br />
of the local market and provide a fair<br />
appraisal. If the appraiser is new to the area or doesn’t<br />
typically work in the neighborhood, take this opportunity to<br />
provide the appraiser with details they may not be aware of.<br />
Remember: always be respectful and share knowledge in the<br />
spirit of collaboration.<br />
As a broker on the buyer side, you have less control when it<br />
comes to the final appraisal. But one of the best ways to avoid<br />
any problems is to include an appraisal contingency clause in<br />
the contract. This will allow you to either renegotiate or withdraw<br />
from the contract if necessary.<br />
Low appraisals happen even when very experienced brokers are<br />
involved. Use these tips to help avoid appraisal issues. If you do<br />
get a low appraisal, do your best to keep the deal together, keep<br />
your clients from getting too stressed out and bring the sale to a<br />
smooth closing.<br />
For tips on all facets of your real estate business, look to<br />
AgentEDU.com to help you learn exactly what you need to create<br />
a thriving real estate career.<br />
Be valuable.<br />
Appraisers are generally happy to have<br />
someone to talk to about their findings<br />
and confirm the information they’ve<br />
gathered so far. Once the appraisal is<br />
finished, be sure to thank them for their<br />
time and effort, and present them with<br />
the binder of information.<br />
Visit AgentEDU for informative<br />
videos to boost your career.<br />
www.ChicagoREALTOR.com 29
WELCOME TO<br />
BERWYN<br />
Within reach of prime real estate locations,<br />
including downtown Chicago and the<br />
neighboring suburbs of Oak Park, Forest<br />
Park, Riverside, La Grange and Brookfield,<br />
Berwyn combines affordability and unique<br />
community benefits. Makes sense, then,<br />
that development is booming.<br />
Established in 1908, Berwyn has a rich<br />
history. What was once land of Native<br />
American trails and an anticipated home<br />
for the elite and wealthy, became a haven<br />
for middle-class communities. In the<br />
early 1920s, Czechs migrated to Berwyn<br />
and Cicero from the Pilsen area, then<br />
eventually came other groups, including<br />
Italians and Hispanics, adding to the<br />
neighborhood’s unique blend of cultures.<br />
Today, Berwyn looks less like a suburb and<br />
more like a trendy Chicago neighborhood.<br />
A wave of artists, young professionals,<br />
families and entrepreneurs are moving<br />
in to this western community that prides<br />
itself on being the “city of homes,” called<br />
BY PRISCILLA LOPEZ FOR THE CHICAGO ASSOCIATION OF REALTORS ®<br />
such due to the thousands of homes built<br />
with distinct architectural styles. And with<br />
a location just eight miles west of the<br />
Loop, Berwyn is using its proximity to offer<br />
a vibrant and affordable alternative to city<br />
living without losing the “city feeling.”<br />
A MIX OF<br />
COMMUNITIES<br />
There are four business districts in<br />
Berwyn, each offering a different<br />
experience to its residents and visitors.<br />
Roosevelt Road –<br />
The Veltway<br />
A few blocks from the I-290 expressway,<br />
this is where Berwyn is the closest to<br />
Chicago. Berwyn, Cicero and Oak Park<br />
joined forces many years ago on Roosevelt<br />
Road to create what is now known as The<br />
Veltway, a growing destination for nightlife<br />
and dining. You’ll find nationally-known<br />
live music venues, such as the longrunning<br />
FitzGerald’s Nightclub and stateof-the-art<br />
Wire bar and recording studio,<br />
playing everything from country to blues.<br />
FitzGerald’s has been called “One of The<br />
Top Ten Concert Venues in Chicago,” by<br />
WXRT-FM Chicago, and The New York<br />
Times called it “A Musical Gem.” It also<br />
makes a great sports bar. During big<br />
games in the warmer months it sets up<br />
stadium seating on its front patio with a<br />
giant projector screen to hold viewing<br />
parties. Throughout the year, it also hosts<br />
several cook-offs attracting visitors from<br />
all over the country.<br />
Foodies will also be happy to choose from<br />
a diverse array of eateries on the strip,<br />
like the Michelin-rated Mediterranean<br />
restaurant Autre Monde Cafe, praised for<br />
its patio and spirits, “Chicago’s Best of<br />
30 Chicago REALTOR ® <strong>Magazine</strong>
Roosevelt Road.” Big Guys Sausage Stand,<br />
and popular seasonal spot Gina’s Italian<br />
Ice, featured on “Chicago’s Best” for its<br />
frozen dessert.<br />
If you’re in the market for goods, The<br />
Craft & Vintage Market is open every third<br />
Saturday of the month between 10 AM and<br />
4 PM at the Friendly Coffee Lounge, one of<br />
Berwyn’s top coffee shops.<br />
Cermak Road – Berwyn’s<br />
Main Street<br />
While an eclectic mix of retail and<br />
restaurants dominate Berwyn’s Main<br />
Street, it was once known as the center of<br />
Czech life and culture in the Chicago area.<br />
Some traces of its Bohemian roots are<br />
still apparent, such as The Chicagoland<br />
Czech American Cultural Center and<br />
Vesecky’s Bakery on Cermak Rd. Going<br />
down Main Street during any themed<br />
holiday, one store will catch your eye due<br />
to its heavy door traffic: Old Fashioned<br />
Candies, popular for offering “Chicago’s<br />
Best Sweet Treats” and chocolate covered<br />
strawberries.<br />
The strip is also home to the unusual<br />
tourist destination: the 13,500-square foot<br />
World’s Largest Laundromat, honored by<br />
the Guinness Book of World Records. The<br />
father-and-sons’ business is also famous<br />
for its award-winning green initiatives, like<br />
a 36-panel solar thermal system—one of<br />
the largest installations in the state.<br />
And, Berwyn’s Cermak Plaza, off the<br />
Harlem Ave. and Cermak Road intersection,<br />
was a filming location for the iconic<br />
Wayne’s World comedy.<br />
With Berwyn’s award-winning corporation<br />
and business incentives, there’s been rapid<br />
development in Berwyn near the North<br />
Riverside border. Popular national chains<br />
and emerging chains want a piece of Main<br />
Street. Starbucks, Chipotle Mexican Grill<br />
and Five Guys Burgers and Fries moved<br />
in recently, with others, including Panera<br />
Bread, opening soon.<br />
But the main attraction on Main Street<br />
is in line with the heart of the town:<br />
small businesses. La Lupita Restaurant<br />
competes with some of the best tacos in<br />
town, but its Pozole is considered the best<br />
Continued on page 32<br />
www.ChicagoREALTOR.com 31
Continued from page 31<br />
in the city. WGN-TV’s “Chicago’s Best”<br />
named La Lupita “Chicago’s Best Mexican<br />
Restaurant.” And, did we mention it offers<br />
authentic tortillas made in-house?<br />
Historic Depot District<br />
Situated along the Metra-BNSF Railway<br />
corridor, this area is one of Berwyn’s most<br />
quaint and walkable business districts.<br />
That’s why Berwyn’s Oktoberfest is one of<br />
the western suburbs’ biggest parties of the<br />
year in September. Its family-friendly “cruise<br />
nights” also attract many residents and<br />
visitors alike.<br />
The Depot District offers a fun mix of<br />
independent shops operated by artists and<br />
collectors, such as Reel Art Collectibles,<br />
a shop for comic books, vintage movie<br />
posters and toys. Dine at Oliver’s Prime Cuts<br />
& Fresh Seafood for the perfect date night<br />
and then grab drinks at the Olive or Twist<br />
Martini Bar next door. Lavergne’s Tavern is the<br />
place to visit for “Berwyn’s Best” cucumber<br />
mojito and “Chicago’s Best Italian Beef.”<br />
Photos by<br />
Priscilla Lopez for the<br />
Chicago Association<br />
of REALTORS ®<br />
The Depot District also offers great daytime<br />
attractions. If you like to start your days with<br />
caffeine and work up a sweat, then Lunges ’n<br />
Lattes is the place for you. Its highly-trained<br />
baristas also craft healthy juices, smoothies<br />
and “mom-approved” snacks for the whole<br />
family. If you’re looking for more of a momand-pop<br />
spot, Mission House Café is known<br />
for its cozy feel and comfort food.<br />
Historic Route 66 —<br />
Ogden Ave.<br />
Yes, a piece of the 300-mile U.S. Route<br />
66 runs through Berwyn. Ogden Ave.,<br />
designed to highlight the nobility of the<br />
country’s automotive industry at the time,<br />
still celebrates car culture today with<br />
the Berwyn Route 66 Gift Shop, scenic<br />
exhibits and the annual Berwyn Route<br />
66 Car Show, which attracts more than<br />
30,000 visitors. You can get a free Route<br />
66 passport at the gift shop, stop by the<br />
informational kiosk for Route 66 Berwyn<br />
information, or check out the four exhibits<br />
to learn more about Berwyn’s history on<br />
“The Mother Road.”<br />
Another must-see is Berwyn’s Toys &<br />
Trains, a family-owned specialty toy and<br />
hobby shop. The building’s vibrant, classic<br />
32 Chicago REALTOR ® <strong>Magazine</strong>
aluminum storefront is on theme with Route<br />
66’s architectural heritage, but its stock of<br />
20,000 vintage toy brands and model trains<br />
make it one of a kind.<br />
Another site worth visiting is the WWI<br />
Memorial, built in 1919 by the Berwyn<br />
Women’s Club to honor the Berwyn<br />
residents lost in WWI. The site was<br />
designated as a historic landmark in 2011.<br />
HOW TO GET<br />
AROUND<br />
Berwyn offers easy access to both<br />
downtown and the far west suburbs,<br />
due to its location between the I-290<br />
and I-55 expressways.<br />
Berwyn is very walkable, with an average<br />
Walk Score of 75. Most errands can<br />
be accomplished on foot or via their<br />
bicycle paths.<br />
Looking to ditch the car altogether? The<br />
downtown Depot District includes the<br />
LaVergne, Berwyn and Harlem Metra<br />
stations, ideal for traveling to counties<br />
throughout the Chicagoland area. CTA’s Blue<br />
Line is four blocks north of The Veltway’s<br />
Roosevelt Rd., and the Pink Line is less than<br />
a mile east of Berwyn’s city limits on Cermak<br />
Rd. There are also several PACE bus routes<br />
available throughout the area.<br />
CITY OF HOMES<br />
Berwyn is renowned for housing the<br />
most significant stock of Chicago-style<br />
bungalows in the nation. The city of<br />
homes was an inspiration for Bungalow<br />
Appreciation Week in Illinois and has<br />
been mentioned in the National Register<br />
of Historic Places for its Central Berwyn<br />
Bungalow Historic District.<br />
Even after being recognized for its rich<br />
history of residential homes, Berwyn<br />
manages to maintain some of the most<br />
affordable housing available in the<br />
Chicagoland area. In 2017, the median<br />
home sales price was around $ 200,000.<br />
It’s tree-lined residential streets are as<br />
unique as its neighborhoods. With more<br />
than 26,000 single-family homes in a 3.9<br />
square mile, the diverse community has<br />
housing stock for most budgets, with<br />
many larger homes on the south side and<br />
many smaller, bungalow-type homes on<br />
the north side. Buyers can also find stately<br />
Victorian, American Foursquare, English<br />
Tudor and Prairie School housing styles.<br />
There are also several multi-unit apartment<br />
complexes full of 1900s character.<br />
Notable Homes<br />
The National Register of Historic Places<br />
lists two Berwyn homes for being perfect<br />
models of the styles they embody: the<br />
Silhan House, an Art Moderne home<br />
designed and built by Robert Silhan,<br />
inspired by the buildings he saw at the<br />
Century of Progress World’s Fair held<br />
1933–34, and Arthur Dunham House,<br />
a Prairie School-style home owned by<br />
Arthur Dunham, designed in 1907 by<br />
architectural firm Tallmadge & Watson,<br />
notable for its horizontal lines, lack of<br />
ornamental details and bands of windows.<br />
Bungalow<br />
Berwyn’s bungalows are like Chicagostyle<br />
bungalows, just on a bigger lot. Built<br />
generally between the 1920s and 1930s,<br />
builders gravitated towards this style<br />
because of its affordability, durability and<br />
aesthetic.<br />
Workman’s Cottage<br />
The workman’s cottage can be bigger than<br />
typical cottages; most, however, are oneand-a-half<br />
stories with a pointed roof. Some<br />
are frame houses and others are brick, but<br />
most were built around the 1890s with a<br />
floor plan like the Berwyn bungalow.<br />
American Foursquare<br />
The foursquare uniquely maximizes its space<br />
and is known for simplicity. Built around<br />
the 1910s, this “square” style typically has a<br />
bigger lot with an ample front lawn, large<br />
first floor and same-size full second story.<br />
Victorian<br />
Popular due to its opulence and common<br />
materials, the Queen Anne’s in Berwyn<br />
are full of detail. Built through the 1890s<br />
and 1910s, they commonly feature wood<br />
siding, wrap-around porches, turrets,<br />
towers and other ornamental details,<br />
showcasing the era’s extravagance.<br />
Tudor Revival<br />
Seen as an ideal home for soldiers to<br />
raise a family in after returning from<br />
WWII, the Tudor Revival tends to be on<br />
a smaller lot. Despite its size, the homes<br />
have detailed trademarks, like steep<br />
pitched roofs intersecting gabbled roofs<br />
Berwyn, with its mixed of housing and<br />
vibrant community life, has a lot to offer<br />
Chicagoland residents and visitors alike.<br />
www.ChicagoREALTOR.com 33
Bookshelf<br />
Well Read<br />
The business and leadership books we just<br />
can’t seem to put down (or stop quoting!)<br />
The Fire Starter Sessions:<br />
A Soulful & Practical Guide<br />
to Creating Success on<br />
Your Own Terms<br />
by Danielle LaPorte<br />
Great at Work: How Top<br />
Performers Do Less, Work<br />
Better and Achieve More<br />
by Scott Gerber & Ryan Paugh<br />
Give and Take: Why Helping<br />
Others Drives Our Success<br />
by Adam Grant<br />
Kiss, Bow, or Shake Hands:<br />
The Bestselling Guide to<br />
Doing Business in More Than<br />
60 Countries<br />
by Terri Morrison & Wayne A. Conaway<br />
Super Connector: Stop<br />
Networking & Start Building<br />
Business Relationships<br />
That Matter<br />
by Scott Gerber & Ryan Paugh<br />
Payoff: The Hidden Logic<br />
That Shapes Our Motivations<br />
by Dan Ariely<br />
34 Chicago REALTOR ® <strong>Magazine</strong>
Listen Up<br />
Plug In and Grow<br />
We put together this list of podcasts you can listen to in<br />
the car and on the go. They’ll help you sharpen your skills<br />
and grow personally and professionally.<br />
Chicago’s (former) resident spiritual advisor has distilled her daily talk show into a free<br />
podcast featuring deep conversations with business leaders, celebrities and writers.<br />
What separates REALTORS ® is empathy. Clients trust REALTORS ® to interpret the data<br />
they don’t understand and to protect their interests. A listing is more than a number for<br />
clients; it’s their investment and their livelihood. As someone who has interviewed many<br />
thousands of people, Oprah is a master of changing her approach based on who she’s<br />
talking to. Listening to her conversations can help illustrate how subtle differences can<br />
get people to bring down walls and build rapport.<br />
Key Episode: Sheryl Sandberg: How to Build Resilience and Find Joy After Loss.<br />
After her husband died suddenly, Sheryl Sandberg, the author of Lean In and Facebook<br />
Chief Operating Officer, had to quickly reorient herself as a corporate executive, public<br />
figure and single mother. Sandberg’s refreshing candor about her treatment by friends<br />
and her Facebook colleagues should serve as a guide for those in grieving.<br />
Updates: Every Monday.<br />
The Harvard Business Review stands<br />
apart with relevant, smart ideas for<br />
businesses presented in a way that<br />
anybody can understand. The HBR<br />
IdeaCast is a seamless translation of the magazine with an immense back catalog (626<br />
episodes and counting), rife for binging.<br />
Key Episode: Episode 400: Best of the IdeaCast. Why not start with the best? This episode<br />
is a sort-of highlight reel for the 399 prior, making it a great resource for new listeners to<br />
find full episodes of the short clips they found interesting.<br />
Updates: Mondays.<br />
Everyone starts somewhere. Large corporate behemoths such<br />
as Amazon or Disney are no exception. How I Built This tells<br />
these stories every week in the classic NPR “just the facts,<br />
ma’am” format. It becomes quickly apparent after a few episodes<br />
how many corporate success stories start with failure and benefit<br />
from blind luck.<br />
Key Episode: Real Estate Mogul: Barbara Corcoran<br />
It turns out the Shark Tank star has always been somewhat of a<br />
shark. Established brokers and new REALTORS ® alike can apply<br />
Corcoran’s tenacity and networking— hard-earned skills that<br />
built her real estate empire from scratch to success — to their<br />
own companies.<br />
English is a notoriously difficult language to master, even for native speakers. It’s a language<br />
full of grammar rules that seeming follow no pattern. In fact, a missing comma in a 14-page<br />
contract cost a Maine company $ 10 million, according to a 2017 article from The New York<br />
Times. As a REALTOR ® , communication may be the most important part of the job. That’s<br />
where Grammar Girl comes in. Mignon Fogarty provides quick, easy lessons every week<br />
explaining the difference between “lay” and “lie” or “based in or “based on” that make an<br />
easy listen for your commute. What sets Grammar Girl apart is that she never stigmatizes<br />
the listeners. She presents a concept and never asserts that her way is the only way.<br />
Key Episode: 610: Top 10 Grammar Myths. How 13 Dog Breeds Got Their Names<br />
This is a fun introduction into Fogarty’s style, suitable for a listen with children. And dog<br />
lovers will enjoy the cocktail chatter the lesson of the episode offers.<br />
There are many podcasts explaining the modern internet. Few<br />
can explain Instagram marketing scams or ancient message<br />
boards in a way that everyone can understand. Just one of<br />
them, Reply All, tries to explain how the internet can make us<br />
better (or worse).<br />
Key Episode: #109 Is Facebook Spying on You?<br />
Months before the company weathered intense scrutiny<br />
following the Cambridge Analytica scandal, hosts PJ Vogt and<br />
Alex Goldman dig into a widespread theory that Facebook is<br />
listening to its users via phone microphone. What they learn<br />
is eye-opening, especially for those who do business on<br />
Facebook.<br />
Updates: Biweekly, on Wednesdays.<br />
www.ChicagoREALTOR.com 35
Lindsay Zappala and David Zappala, Stewart Title<br />
Aaron Gill, Epoch Chicago and<br />
Kris Keller, Keller Williams Chicago – O’Hare<br />
Michelle Mills Clement,<br />
Chicago Association of REALTORS ®<br />
BICENTENNIAL COMMUNITY<br />
GARDEN VOLUNTEER DAY<br />
Tommy Choi, Keller Williams<br />
Chicago - Lincoln Park<br />
Rebecca Thomson,<br />
Thomson Real Estate Group<br />
Andy Shiparski, Coldwell Banker Residential<br />
Brokerage, Jeannette Pawula, @properties, and<br />
Amanda Chvatal, Spaces Real Estate<br />
Thank you to the Chicago REALTORS ® who took a<br />
day this May to construct the Chicago Association of<br />
REALTORS ® Bicentennial Garden at Global Gardens in<br />
Albany Park.<br />
Last fall, we had a blast preparing the garden for winter<br />
— and it was snowing! This time, we constructed raised<br />
garden beds, filled them with soil, planted, mulched,<br />
watered, moved debris and weeded, weeded, weeded.<br />
Thank you to the Peterson Garden Project for facilitating<br />
our build-out, and thank you to our volunteers who<br />
helped create this community garden in honor of Illinois’<br />
200 th birthday. The food from the garden will go to feed<br />
the hungry and food insecure in the community.<br />
Watch a video of our fun-filled day!<br />
36 Chicago REALTOR ® <strong>Magazine</strong><br />
Bicentennial Community Garden Sign
Association News<br />
Chicago REALTORS ®<br />
Celebrated<br />
for their Industry Investments<br />
At the National Association of REALTORS ® Legislative Meetings & Trade Expo in Washington, D.C.<br />
this May, four Chicago REALTORS ® were honored for their lifetime aggregate investments to the<br />
REALTORS ® Political Action Committee (RPAC).<br />
Ginger Downs<br />
Michael Golden<br />
CAR past presidents Mike Golden, @properties, and Zeke Morris, EMA Realty & Management<br />
were honored for reaching the $ 25,000 investment level and inducted into the RPAC Hall of Fame.<br />
CAR CEO Emeritus Ginger Downs and past president Nancy Suvarnamani, Century 21 S.G.R. Inc.,<br />
were honored for reaching the $ 50,000 investment level.<br />
Thank you Ginger, Mike, Zeke and Nancy for your commitment to our industry and private<br />
property rights!<br />
Zeke Morris<br />
Nancy Suvarnamani<br />
www.ChicagoREALTOR.com 37
Special Advertising Section<br />
INDUSTRYPARTNERS<br />
REAL Estate to the Rescue (RTTR)<br />
RTTR continues its efforts to engage the<br />
real estate community in Chicago pet<br />
rescue initiatives. We are in the process<br />
of building an information resource center<br />
around animal care, including a database<br />
of pet-friendly apartments and condo<br />
buildings, information on things like food<br />
pantries for animals and other assistance<br />
programs to help owners and animals stay<br />
together. We are also looking for people to<br />
foster animals when the need arises.<br />
Thank you all for attending and supporting<br />
our largest fundraiser of the year: our<br />
annual Cubs vs. White Sox game at Wrigley<br />
Field! We raised thousands of dollars, which<br />
will help benefit all of our initiatives. Make<br />
sure you keep up with us on Facebook<br />
@Real Estate to the Rescue Chicago!<br />
FIABCI-Midwest, the International<br />
Real Estate Federation<br />
Having just returned from Mexico, Dubai<br />
and France, many of our local members<br />
shared their experiences first hand at our<br />
Rooftop Rendezvous in May. All networked<br />
with our new board of directors and other<br />
international practitioners as we heard the<br />
latest from FIABCI’s movers and shakers.<br />
Additionally, our member-exclusive event,<br />
in partnership with Leading Real Estate<br />
Companies of the World CEO and FIABCI<br />
board member Paul Boomsma, will take<br />
place in late June. Stay tuned for more<br />
details!<br />
On Friday, July 13 th , meet the Trade<br />
Commissioner from the Greek Consulate<br />
in Chicago and enjoy a Greek dinner with<br />
other globally minded colleagues. Watch<br />
for upcoming registration information.<br />
Not a member yet? There is still time to take<br />
advantage of our <strong>2018</strong> special pricing. For<br />
more info contact President Marsha Collins<br />
Marsha@MyGlobalPartner.com.<br />
38 Chicago REALTOR ® <strong>Magazine</strong><br />
Veterans Association of Real<br />
Estate Professionals (VAREP)<br />
We are gearing up for a busy <strong>2018</strong>! We<br />
started the year off with two dynamic Lunch<br />
& Learns designed to help you grow your<br />
business and dispel the myths of the VA<br />
home loan process. We also, in conjunction<br />
with Bank of America, donated a house to a<br />
veteran family in need!<br />
To continue our important work of assisting<br />
our honorable veterans, we’re actively<br />
seeking individuals to serve on our executive<br />
board, as well as our committees. If working<br />
with veterans and giving back to your<br />
Chicagoland veteran & military community<br />
is something that interests you, please reach<br />
out to board member Rachel Frangos for<br />
more details on how to get involved:<br />
Rachel.Frangos@BairdWarner.com.<br />
For updates on all of our events, volunteering<br />
opportunities and more, follow us on<br />
Facebook and Instagram @VarepChicago.<br />
National Association of Gay &<br />
Lesbian Real Estate Professionals<br />
(NAGLREP)<br />
Established in 2007, The National Association<br />
of Gay and Lesbian Real Estate Professionals<br />
(NAGLREP) is a mission driven 501(c)(3) non<br />
profit organization that is part business and<br />
part advocacy.<br />
In March, we kicked off our first Lunch-n-<br />
Learn event of the year. We discussed luxury<br />
trends and tax reform with two different, yet<br />
dynamic speakers. Our next event will be our<br />
annual summer networking event, which is<br />
always an exciting treat! Join us and gain our<br />
exclusive benefits by becoming a NAGLREP<br />
member at www.naglrep.com today!<br />
You can also keep up with us here in<br />
Chicago by liking our Facebook page:<br />
https://www.facebook.com/groups/<br />
NAGLREPChicagoChapter/<br />
Dearborn REALTIST ® Board<br />
As we continue to work towards NAREB’s<br />
mission of adding two million new black<br />
homeowners within the next five years,<br />
DRB is rocking and rolling! We hosted<br />
our 76 th Annual Installation program in<br />
March. Hundreds came out to witness this<br />
celebration!<br />
We also hosted our Community Wealth<br />
Building Day at Malcolm X College on<br />
Saturday, May 26 th . This family-friendly event<br />
offered free credit reports, financial literacy<br />
sessions, on-site mortgage pre-approvals,<br />
food trucks, raffles, DJ’s and more! The event<br />
was very successful as we continue our work<br />
to educate and service the Chicagoland<br />
community. Additionally, in conjunction with<br />
the City of Chicago, we brought back our<br />
complimentary six day training session on<br />
how to become a Court Appointed Receiver<br />
in the City of Chicago.<br />
This and much more are reasons to join the<br />
DRB community. You can keep up with us on<br />
Facebook @ChicagoRealtist and visit us at<br />
www. ChicagoRealtist.com.<br />
The National Association<br />
of Hispanic Real Estate<br />
Professionals ® (NAHREP) Chicago<br />
Thanks to all for attending our 7 th Annual<br />
Success in Real Estate event in April! We had<br />
over 700 attendees who enjoyed several<br />
educational panels throughout the day. And,<br />
the fun is just getting started: we have more<br />
fun and fruitful events planned for the year!<br />
Want to attend our events at a discounted<br />
rate? join NAHREP CHICAGO for only $ 49 a<br />
year and become part of one of the largest<br />
Hispanic real estate trade organizations.<br />
We offer education events, networking and<br />
much more.<br />
Visit us at www.nahrepchicago.org.
Special Advertising Section<br />
GREATER<br />
Thank you all who attended AREAA’s<br />
Installation Gala in February.<br />
It was a fantastic time to connect with old colleagues and<br />
make new relationships. We had over 170 attendees enjoy<br />
cocktails, bites and our James Bond theme.<br />
With our new board, we have several exciting events lined<br />
up. AREAA-Greater Chicago has great up to date content<br />
and useful information happening in the Chicagoland area.<br />
And, stay tuned for more events, including our infamous<br />
Sip, Schmooze and Study.<br />
Like us on Facebook to keep up with us @AREAAChicago!<br />
<br />
<br />
<br />
<br />
<br />
There are countless benefits to becoming a member<br />
of W<strong>CR</strong> Chicago! Here’s why YOU should join!<br />
“W<strong>CR</strong> has provided a network of<br />
members that I can refer business, ask<br />
advice and network with in any market.<br />
As a small brokerage, this has proven to<br />
be invaluable because I get the benefit of<br />
the knowledge of those in other markets.”<br />
- SARAH WARE<br />
2016 Past President<br />
<br />
<br />
“Being a member allows me to learn<br />
from trailblazers and trendsetters in the<br />
real estate industry. They encourage me<br />
to perfect my craft, and to contribute<br />
and to continue growing my talents and<br />
improving my skills for my clients.”<br />
- TRACEY WILLIAMS<br />
<strong>2018</strong> President-Elect<br />
“Being part of such a dynamic group<br />
of successful REALTORS ® and Affiliates<br />
has changed my business. The ability to<br />
find successful REALTORS ® throughout<br />
the country to refer my clients to is a game<br />
changer! Join this movement!”<br />
- JUDY GIBBONS<br />
<strong>2018</strong> President<br />
www.wcrchicago.org<br />
Women's Council of Realtors Chicago<br />
www.ChicagoREALTOR.com 39
Government Affairs<br />
Legislative Update<br />
It’s been a busy <strong>2018</strong>, and it’s only going to get more interesting<br />
from here as we gear up for election season.<br />
Some quick briefs:<br />
ILLINOIS RENT CONTROL ON HOLD<br />
FOR NOW<br />
Hearings were held in the executive committee in the Illinois<br />
Senate on rent control this past month. CAR senior director of<br />
government affairs Brian Bernardoni testified in opposition. We<br />
presented a lengthy list of alternatives to rent control.<br />
Statewide hearings may be held this summer. The Chicago<br />
Association of REALTORS ® has coordinated efforts with Illinois<br />
REALTORS ® to secure funding for a research proposal on the<br />
impact of rent control.<br />
LESSONS FROM SEATTLE: RENT CONTROL<br />
In April, CommercialForum teamed up with our Government<br />
Affairs Directors for a special Breakfast with the GADs, focusing<br />
on rent control. We welcomed Roger Valdez, director of Seattle<br />
for Growth, a nonprofit group that advocates for more housing of<br />
all types in every neighborhood in Seattle, for people of all levels<br />
of income. Valdez has opposed efforts to charge fees on every<br />
square foot of new development in Seattle and resisted proposals<br />
to impose statewide rent control.<br />
Here’s what we learned from Roger’s presentation:<br />
Seattle isn’t dissimilar to Chicago — an influx of jobs and people<br />
means the demand for housing goes up — and as anyone familiar<br />
with the economics of supply and demand knows, that means<br />
prices are going up, too. Development is starting to catch up, just<br />
in time for the government to turn on regulation. The regulations<br />
are now slowing production and squeezing opportunity, and thus<br />
raising rents.<br />
Allow the market to react to the forces at play — Valdez is a<br />
strict advocate for this, and he points out that that idea that<br />
Amazon is raising rent is a fallacy; it’s the city council that’s at fault.<br />
For example, Seattle has implemented a fee on every square foot<br />
of new construction, causing projects not to pencil and rents to<br />
increase to pay off the fees.<br />
Rent control is a price control, and often discussed as a means<br />
of controlling inflation, caused by a lack of supply in the face<br />
of increased demand. The underlying assumption behind price<br />
control is that prices are set by individuals acting out of greed<br />
and self-interest. But as history has proven (everywhere from<br />
Diocletian rent controls and North Korean grasshopper markets),<br />
rent control doesn’t work, and in fact creates the very inflation<br />
it seeks to contain, in addition to black markets and perverse<br />
incentives.<br />
Instead, Valdez offered several solutions to combat the urge to<br />
implement rent control:<br />
• Ensure adequate housing supply and diversity of housing,<br />
in all neighborhoods. Landlords, investors and developers<br />
are (by a vast majority) good people doing good work and<br />
providing a critical service for the communities. By<br />
inventorying older housing that has deferred maintenance,<br />
we can identify down-market housing and, in the case of<br />
a sale, figure out a plan to transition tenants before negative<br />
headlines happen. No one wants buildings falling down<br />
around tenants, nor do we want to exacerbate displacement.<br />
A positive solution could also be low interest loans to stop<br />
deferred maintenance, so less capital is needed when<br />
buildings sell.<br />
• Avoid subsidized capital construction. The market does just<br />
about everything better than the government, so if you’re<br />
looking to produce more housing, be efficient in how you do<br />
that. And, keep in mind that downzoning doesn’t solve a<br />
problem — it exacerbates the issue by restricting supply.<br />
• Create a risk pool for tenants who are hard to rent to. Ask<br />
the community to help you mitigate your risk. If it’s that<br />
important to them that you rent to a higher risk individual,<br />
how can they help you mitigate that?<br />
• Stay engaged and support each other. There is a narrative<br />
problem when you come out in opposition of rent control<br />
— after all, data doesn’t win elections. It’s critical to<br />
support each other and to offer positive alternatives. Valdez<br />
suggested looking into various tax credit and incentive<br />
programs, including direct cash subsidies for rent.<br />
HOW WE’RE COMBATTING THE CALL<br />
FOR RENT CONTROL<br />
Anti-development forces are taking on private property rights<br />
in wards across the city, and rent control proposals that will<br />
fundamentally change property management and land values<br />
have been debated for months in Springfield and in Chicago, with<br />
no end in sight. We will continue to challenge the notion with<br />
research and practical economic arguments. We ask you to follow<br />
the Association’s social media as updates are frequent.<br />
40 Chicago REALTOR ® <strong>Magazine</strong>
JUST CAUSE EVICTION PROPOSAL<br />
SCUTTLED<br />
While we were in Washington, DC, for the NAR Legislative<br />
Meetings, we were notified that a proposal from the Lawyers<br />
For Better Housing and Alderman Joe Moreno sought to create<br />
Just Cause Evictions. We coordinated with CORE and other<br />
groups to oppose the proposal at an introductory meeting at the<br />
Alderman’s Office. He heard our concerns and instead, he will<br />
be assembling a task force of property owners to discuss the<br />
issue that led to the drafting of his proposal. We will continue<br />
to vehemently oppose any efforts towards changing current<br />
eviction guidance.<br />
PROPERTY TAX ASSESSMENT APPEALS<br />
ELECTION UPDATE<br />
The Chicago region faces three elections through next April,<br />
with offices at the ward, city, county, state and federal levels<br />
all up for grabs. We will be leveraging local RPAC funds to<br />
champion pro-private property rights candidates who recognize<br />
the importance of our industry and the critical role REALTORS ®<br />
play in building neighborhoods through commercial and<br />
residential transactions. For more information on how you can<br />
invest and support our efforts this election season, please visit<br />
ChicagoREALTOR.com/RPAC.<br />
COMMERCIALFORUM BREAKFAST<br />
WITH THE GADS<br />
Encourage your clients to appeal their Cook County property tax<br />
assessments prior to township deadlines. For more information<br />
on understanding the appeals process, visit our Property Tax<br />
Appeals Guide on ChicagoREALTOR.com.<br />
PARKING PERMIT PROGRAM ENDS DUE TO<br />
THE LACK OF PURCHASES<br />
The REALTORS ® Parking Permit Program has ended with the City<br />
of Chicago due to lack of interest. This was the second time the<br />
proposal was passed and the second time the proposal failed to<br />
generate sufficient interest to continue past the pilot stage.<br />
Phillip Dixon, Coldwell Banker,<br />
Roger Valdez, Seattle For Growth, and<br />
Maurice Hampton, Centered RCG<br />
Join us for...<br />
First Tuesday<br />
of the Month<br />
®<br />
REALTOR Building<br />
430 N. Michigan Ave., Suite 800 | 9 A.M. to 11 A.M.<br />
www.ChicagoREALTOR.com 41
John Kmiecik, Century 21 Affiliated,<br />
is honored for reaching the $ 50,000<br />
investment level in the RPAC Hall of Fame.<br />
<strong>2018</strong> NAR LEGISLATIVE MEETINGS<br />
Over 70 Chicago REALTORS ® traveled to Washington D.C.<br />
for the NAR Legislative meetings. We met with our members<br />
of Congress to discuss tax policy, flood insurance, equal access<br />
to housing opportunities and net neutrality.<br />
Chicago REALTORS ® meet with Representative<br />
Bobby Rush led by FPC Nykea Pippion-McGriff.<br />
Chicago REALTORS ® meet with Representative<br />
Brad Schneider led by FPC Matt Silver.<br />
Sheena Baker, RE/MAX Action, Sarah Ware, Ware Realty Group, LLC,<br />
Nykea Pippion-McGriff, Dream Town Realty, Antonia Mills,<br />
Antonia L. Mills, Attorney, and Tracey Williams, A.R.E. Partners, Inc.<br />
42 Chicago REALTOR ® <strong>Magazine</strong><br />
Chicago and Illinois REALTORS ® meet with<br />
Representative Mike Quigley led by FPC Dave Hanna.
ILLINOIS REALTORS ®<br />
<strong>2018</strong> CAPITOL CONFERENCE<br />
Thank you<br />
to the CAR members who made the trip<br />
to Springfield to advocate for our industry!<br />
www.ChicagoREALTOR.com 43
Jessica Sundby, Chris Pezza, Moses Hall, and Andrea Miller, Miller Chicago<br />
Richard Camacho, Aaron Jaime, Reynaldo Moreno, Erica Garcia, Eduardo Garcia,<br />
Janette Coss, Sergio Hernandez, Josue Duarte, Realty of Chicago.<br />
Ronald Sears, Yee Ng, Nathan Cowan, Quinn Guan,<br />
Mircea Campean, Steven Powers, Brian Murphy,<br />
and Vicky Silvano, Century 21 SGR<br />
Matt Silver, Urban Real Estate, and<br />
Jeff Lowe, Compass Real Estate<br />
Theresa Campos & Antonio Campos,<br />
Coldwell Banker Residential Brokerage<br />
2017 SALES AWARDS<br />
Gaspar Flores Jr., Su Familia Real Estate,<br />
Leticia Andrade, Coldwell Banker, and<br />
Jessica Barrera, West Towns Realty<br />
Aaron Galvin, Luxury Living Chicago Realty,<br />
and Greg Perkarsky, Vesta Preferred LLC<br />
Dennis Downes, Downes Studio,<br />
Gail Spreen, Patrick Ryan, Shelia Dantzler and<br />
Essence Wakefield, Related Realty<br />
Tony Ameti, Neighborhood Loans, and<br />
Erika Villegas, RE/MAX Mi Casa<br />
SPONSORED BY:<br />
44 Chicago REALTOR ® <strong>Magazine</strong>
Photos by Marcello Rodarte<br />
Jack Krueger, David Hilger, Julisa Sanchez<br />
and George Kaiser, Wintrust<br />
Mario DiLorenzo and Joe DiLorenzo,<br />
Keller Williams Chicago – O’Hare<br />
Greg Kosin, Greater Illinois Title Company<br />
Kelly Price, Wintrust, Matt Silver,<br />
Urban Real Estate, and Ginger Downs,<br />
Chicago Association of REALTORS ®<br />
Marion Valle, Valle Realty, Sarah Ware, Ware Realty<br />
Group, LLC, Rebecca Thomson, Thomson Real Estate Group<br />
and John Vraras, Vranas Ventures, Inc.<br />
Lindsey Schendel, Main Street Real Estate<br />
Group, and Michael Mandile, @properties<br />
Natalie Renna and Ajda Beganovic,<br />
RE/MAX Vision 212<br />
Cristino Martinez, Dino Sarancic, Brad Robbins,<br />
Madison Termini, Brock Potter, Elizabeth Moreno, Matthew<br />
Williams, and Greg Pekarsky, Vesta Preferred LLC<br />
Greg Cirone, Interdome Realty, Inc.,<br />
Vicki Silvano, Century 21 SGR, and<br />
Peter Shimp, Chicago Title<br />
Matt Silver, Urban Real Estate.<br />
and Kason Wallace, Premier<br />
Midwest Realty, Inc.<br />
Melanie Giglio, Compass Real Estate, Michelle Kubala,<br />
and Julie Harron, Jameson Sotheby’s International Realty<br />
www.ChicagoREALTOR.com 45
Sabrina Bier, and Victoria Thomas, @properties<br />
Kassie Irwin, and Owen Duffy,<br />
Fulton Grace Realty<br />
Kenya Robinson and Cedrick Hunter,<br />
Hunter’s Realty, Inc.<br />
2017 SALES AWARDS<br />
Jayme Slate, Eudice Fogel,<br />
and Julie Chenne, Compass Real Estate<br />
Laura Soukup and Laura Schlageter,<br />
Keller Williams Chicago-O’Hare<br />
Nykea Pippion-McGriff, Dream Town Realty,<br />
Sarah Ware, Ware Realty Group LLC,<br />
Dave Naso, Keller Williams Chicago – Lincoln Park,<br />
and Erika Villegas, RE/MAX Mi Casa<br />
Pamela Raia, Lisa Kon, Steve Heilis, Jan Kupiec, Tripti Kasal,<br />
Nicole Flores, Gina Purdy and Kristi Rogue, Baird & Warner<br />
Garcia Marcelo, Natalia Martinez, Erika Villegas, Ubaldo Garcia, Salvador Gonzalez,<br />
Joe Castillo, Paloma Martinez, Claudia Hernandez, Rosie Garcia, Manuel Godinez Jr.,<br />
Miguel Bermudez, Felipe Garcia, Adriana De La Torre, Oscar Campos, RE/MAX Mi Casa,<br />
Roberto Almazan, Su Familia Real Estate, and Eddie Martinez, Zima Realty LLC<br />
46 Chicago REALTOR ® <strong>Magazine</strong><br />
Nikki Tran, Kassis Realty Group, Beatriz Ruiz,<br />
and Sandra Ceja, TRP Realty LLC
Daniel Close, Redfin Corporation,<br />
and Krystal Long<br />
George Kaiser, Linda Scott, Wintrust Mortgage,<br />
and Darlene Kosin, Greater Illinois Title Company<br />
Joanna Weiss, Matt Weisseg, Matt Horney,<br />
and Andy Tisler, JPMorgan CHASE<br />
Anjali Ganju and Alex Staff,<br />
Keller Williams Chicago - Lincoln Park<br />
Justin Klaing, guest, Nadine Ferrata,<br />
Coldwell Banker Residential, and<br />
Akos Straub, Berkshire Hathaway HomeService<br />
Nick Libert, EXIT Strategy Realty and<br />
Ginger Downs, Chicago Association of REALTORS ®<br />
Paul Mancini, @properties, and<br />
Austin Pearson, Pearson Realty Group<br />
Britney Sopher, Danielle Tencza, and<br />
Bridget Lawler, Greater Illinois Title Company<br />
Cindy Weinreb, Carrie Georgitsis,<br />
Nancy Huetteman, and Nycholle Brown,<br />
Redfin Corporation<br />
Chezi Rafaeli, Coldwell Banker Residential,<br />
Debra Dobbs, @properties, and Mario Greco,<br />
Berkshire Hathaway HomeService<br />
Angela Ginex, Greater Illinois Title Company,<br />
and Aaron Giorgi, @properties<br />
Brittany Shapiro and Brad Lippitz,<br />
Compass Real Estate<br />
Matt Laricy and Nicole Laricy,<br />
Americorp, Ltd.<br />
Photos by Jack Lane, LANE Media & Productions<br />
www.ChicagoREALTOR.com 47
Education Hightlight<br />
GET TO THE TOP<br />
OF YOUR GAME<br />
BUYER REPS<br />
NAR research shows that on average, homebuyers spend roughly<br />
three weeks browsing online properties before they contact<br />
an agent. So, what do you bring to the real estate game? What<br />
makes you the right resource to turn to? It starts with forming a<br />
relationship with the buyer.<br />
Building a strong relationship takes a keen awareness of the<br />
buyer’s goals, your goals and the end game you have in common:<br />
working together to find them a home.<br />
YOUR GOALS:<br />
• Build rapport.<br />
• Showcase your services.<br />
• Help the buyer form realistic expectations.<br />
• Decide if you want to work together.<br />
THEIR GOALS:<br />
• Learn what an agent can do for them.<br />
• Describe the ideal home.<br />
• Obtain answers to questions and concerns.<br />
• Decide if you want to work together.<br />
According to the NAR Profile of Home Buyers and Sellers, the top<br />
three skills buyers want most from agents are: help finding the<br />
right home to purchase, help negotiating terms of the sale and<br />
help with price negotiations.<br />
As early as possible in the relationship, break down the search<br />
process, the contracts and what price negotiations will look like.<br />
Be prepared; paperwork intimidates everyone. You’ll earn the<br />
buyer’s trust and reinforce why you are the best steward for one<br />
educational offerings<br />
of the biggest financial transactions of their life.<br />
JULY12 & 13 :<br />
Learn more when you take the Accredited Buyer’s Representative<br />
Designation Course.<br />
JULY14 : Roadmap of a Transaction<br />
SRS Designation<br />
JULY28 : PSA Certification<br />
AUGUST24 25 & :<br />
AUGUST 8 9 & : RENE Certification<br />
AC<strong>CR</strong>EDITED ABR BUYER’S<br />
® Designation<br />
REPRESENTATIVE AUGUST28 DESIGNATION<br />
: CIPS Designation<br />
July 19 th – July 20 th<br />
9:00 AM – 5:00 PM<br />
Advance your career with a<br />
Member certification Tuition: or designation! $ 280<br />
SELLER REPS<br />
The primary reason sellers choose FSBO is because they don’t<br />
want to pay a broker’s commission or fee. Your goal? Neutralize<br />
this concern, and ensure that your value proposition is clear and<br />
in-touch with market needs.<br />
WHAT’S YOUR VALUE PROPOSITION?<br />
• You offer connections to listing services they do not.<br />
• Your knowledge of the paperwork and negotiation<br />
process is unparalleled.<br />
• You do this, literally, for a living.<br />
The numbers back you up. According to the NAR Profile of Home<br />
Buyers and Sellers, on average, agent-assisted sellers netted $ 250k<br />
in profits compared to FSBO sellers who netted $ 190k in profits.<br />
There are two ways you can be the trusted advisor your clients<br />
rely on: maintain a solid relationship with an appraiser and<br />
become well-versed in CMAs and absorption rate calculations.<br />
Appraisers are almost always unfamiliar with the area around<br />
your client’s home. This is where you come in; instead of taking<br />
the hands-off approach to the inspection, go an extra mile to<br />
provide your appraiser with appropriate properties to compare<br />
with. Several hundred CAR members are licensed appraisers.<br />
Take advantage of those connections.<br />
Absorption rates are critical to pricing calculations, but how do<br />
you explain them to your seller client? An absorption rate is the<br />
number of months of inventory on the market and the length<br />
of time it could take to sell the current inventory. Practice these<br />
calculations by taking classes on pricing and seller representation.<br />
educational offerings<br />
This way, you’re constantly ready to play the game of listings.<br />
JULY12 & 13 :<br />
Learn more when you take the Seller Representative Specialist<br />
Designation Course.<br />
JULY14 : Roadmap of a Transaction<br />
JULY28 : PSA Certification<br />
SRS Designation<br />
AUGUST 8 9 & : RENE Certification<br />
24 25 & : ABR ® Designation<br />
SELLER REPRESENTATIVE<br />
SPECIALIST DESIGNATION<br />
AUGUST<br />
AUGUST28 : CIPS Designation<br />
August 23 rd – August 24 th<br />
9:00 AM – 5:00 PM<br />
Advance your career with a<br />
certification or designation!<br />
Member Tuition: $ 299<br />
48 Chicago REALTOR ® <strong>Magazine</strong>
UPCOMING COURSES<br />
JULY<br />
10 th<br />
E-PRO ® CERTIFICATION<br />
SEPTEMBER<br />
12&13<br />
INCOME PROPERTY<br />
ANALYSIS<br />
9:00 AM – 5:00 PM<br />
MEMBER TUITION $ 119<br />
AUGUST<br />
2 & 3<br />
REAL ESTATE NEGOTIATION<br />
EXPERT CERTIFICATION<br />
8:30 AM – 5:00 PM<br />
MEMBER TUITION $ 175<br />
SEPTEMBER<br />
24 + 25<br />
REAL ESTATE DIGITAL<br />
MARKETING CERTIFICATION<br />
9:00 AM – 4:00 PM<br />
MEMBER TUITION $ 297<br />
9:00 AM – 4:30 PM<br />
MEMBER TUITION $ 275<br />
Get the tips and tools you need to be a<br />
SEPTEMBER<br />
Learn how to implement sustainable<br />
digital marketing strategies to grow<br />
your real estate business.<br />
JULY<br />
19 + 20<br />
AC<strong>CR</strong>EDITED BUYER’S<br />
REPRESENTATIVE<br />
DESIGNATION<br />
skillful advocate for your clients.<br />
14 th<br />
SALES SKILLS WORKSHOP<br />
8:30 AM – 4:30 PM<br />
MEMBER TUITION $ 99<br />
OCTOBER<br />
9-10<br />
ESSENTIALS OF<br />
PROPERTY MANAGEMENT<br />
9:00 AM – 5:00 PM<br />
MEMBER TUITION $ 280<br />
This course breaks an agent’s<br />
activities down into three major<br />
9:00 AM – 4:00 PM<br />
MEMBER TUITION $ 119<br />
Attain the most sought-after<br />
designation that will put you one step<br />
ahead of your clients. Determine their<br />
needs and attract new buyers through<br />
our two-day course.<br />
AUGUST<br />
23 - 24<br />
SELLER REPRESENTATIVE<br />
SPECIALIST DESIGNATION<br />
9:00 AM – 5:00 PM<br />
MEMBER TUITION $ 299<br />
categories: work, sales skills and<br />
technical knowledge.<br />
Become a more effective<br />
building owner or property manager<br />
and foster better ethical and<br />
legal practices.<br />
Register at<br />
www.Chicago<br />
REALTOR.com/<br />
Education<br />
www.ChicagoREALTOR.com 49
Pat Combs, REALTOR ®<br />
2007 NAR President<br />
Grand Rapids, MI<br />
“Fair Housing<br />
still needs attention. ”<br />
It’s not just a black and white issue. Pat Combs entered the real estate business<br />
a few years after the passage of the Fair Housing Act in 1968. She recalled it being a<br />
“contentious time” for both REALTORS ® and the public. Armed with fair housing training from<br />
the NATIONAL ASSOCIATION of REALTORS ® , Pat faced off against discriminatory neighbors<br />
and homeowners. Ignoring verbal harassment and physical threats, she devoted her time in<br />
the Grand Rapids Association of REALTORS ® to help in creating better training programs<br />
in partnership with her local Fair Housing Center to ensure that fair housing truly was for all. Now,<br />
Pat says, “We need to ask ourselves “what we can do as REALTORS ® , as United States citizens.”<br />
April <strong>2018</strong> marks the 50th anniversary of the Fair Housing Act. We salute REALTORS ® like Pat<br />
Combs who have driven NAR’s contributions to the fair housing movement, and we understand<br />
there’s progress yet to be made.<br />
Visit www.FairHousing.realtor to read more about Pat and to join the commemoration.
GROWTH GROUPS<br />
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Dream Town Growth Groups are a holistic approach to real estate career development.<br />
Our unique proprietary system to professional and personal growth integrates group<br />
think tanks with individual coaching to help our brokers be their best.<br />
In 2017, 67% of growth group graduates<br />
increased their business by 20%–54%.<br />
FIND OUT HOW: DREAMTOWN.COM/GROWTH<br />
4 Chicago LINCOLN REALTOR PARK: 1950 ® N <strong>Magazine</strong> SEDGWICK | LINCOLN SQUARE: 4553 N LINCOLN | WEST LOOP: 849 W MONROE | EDISON PARK: 7280 W DEVON | EVANSTON: 1567 MAPLE