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CR Magazine - Summer 2018

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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Our unique proprietary system to professional and personal growth integrates group<br />

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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

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