CR_Autumn2019_Online
The official publication of the Chicago Association of REALTORS®.
The official publication of the Chicago Association of REALTORS®.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>CR</strong><br />
Chicago REALTOR ®<br />
Magazine<br />
V o l u m e 2 8 | Autumn 2 0 1 9<br />
Community Tools & Resources<br />
to Better Serve Your Clients<br />
10 Steps to Running Your<br />
Business Like an MBA<br />
The Balancing Act:<br />
Lessons from the Other Side<br />
The Official Publication of the Chicago Association of REALTORS ®
SPONSORED BY:<br />
THE<br />
BLACK-TIE<br />
RPAC EVENT<br />
Casino<br />
Royale<br />
WWW.CHICAGOREALTOR.COM/CASINO<br />
THURSDAY • 6 -10PM<br />
OCTOBER 17<br />
VENUE SIX10<br />
610 S. MICHIGAN AVE, CHICAGO<br />
VIP PACKAGES: $ 1,000 – $ 10,000<br />
GENERAL ADMISSION: $ 165<br />
LIMITED TICKETS AVAILABLE.<br />
PASSWORD: highroller<br />
Contributions are not deductible as charitable contributions for federal income tax purposes. The Illinois REALTORS ® Political Action Committee (RPAC) collects contributions from members of the National Association of REALTORS ® (NAR) for political activities. A portion<br />
of each contribution will be used for state political activities; at least 30% will be used for federal campaign purposes. The federal portion will be charged against an individual’s federal contribution limits under 2 USC 441a. Contributions are VOLUNTARY and refusal to<br />
contribute does not affect membership rights. A member may contribute more or less than the suggested amount. A copy of our report filed with the State Board of Elections is (or will be) available on the Board’s official website www.elections.il.gov or for purchase from the<br />
State Board of Elections, Springfield, Illinois.
THE<br />
24.<br />
The Balancing Act:<br />
Lessons from the Other Side<br />
LESSONS FROM THE OTHER SIDE<br />
Autumn 2019<br />
ChicagoREALTOR®<br />
MAGAZINE<br />
IN EVERY ISSUE<br />
4 President’s Perspective<br />
6 From the CEO<br />
8 Editor’s Picks<br />
9 Digital Extras<br />
42 Photo Album<br />
49 RRES Education Lineup<br />
50 The Buzz<br />
42.<br />
32. 39.<br />
FEATURES<br />
10 Community Tools & Resources to Better Serve Your Clients<br />
14 Recycling Home<br />
16 10 Steps To Running Your Business Like An MBA:<br />
Critical Questions and the Math of Making Money<br />
21 How I Spend My Budget<br />
24 The Balancing Act: Lessons from the Other Side<br />
26 YPN Breakfasts: 14 Business Bites to Take Home<br />
28 Welcome to Pullman<br />
UPDATES<br />
20 Government Affairs Update<br />
32 Bookshelf<br />
33 Association News<br />
34 REALTOR ® Day at the Museum<br />
36 Industry Partners<br />
38 NAR Legislative Meetings: Why They Matter<br />
40 Global: Thailand Trade Mission<br />
www.ChicagoREALTOR.com 3
PRESIDENT’S PERSPECTIVE<br />
One of my favorite songs from a favorite band of<br />
mine (that’s not Pearl Jam) is “Once in a Lifetime”<br />
by The Talking Heads. The first verse ends with a<br />
powerful question: “You may ask yourself, well,<br />
how did I get here?”<br />
When I reflect on that question and my personal journey, I think<br />
about all the little things that have become big moments in my life.<br />
The greatest achievements are the results of small beginnings. This<br />
is discussed in one of my favorite books, The One Thing, by Gary<br />
Keller. A domino on its own, standing two inches tall and weighing in<br />
at about the same weight as a box of matches, isn’t much. However,<br />
the force that domino creates when pushed can knock over one<br />
that is one and a half times its size. This chain reaction of force can<br />
compound into knocking over the equivalent of the Eiffel Tower in<br />
its twenty-third iteration — all from the small beginnings of a twoinch<br />
domino.<br />
As I reflect back on this past year as the president of CAR, my<br />
biggest takeaway has been that we are all that two inch domino.<br />
The way we treat each other, our clients and our industry will set<br />
off a chain reaction of force that will compound into something big.<br />
The power we have is the choice of positivity or negativity; we want<br />
our energy to compound and ultimately set off a chain reaction. I<br />
empower all of us to remember this next time we interact with each<br />
other, whether it’s during negotiations or a showing. We are each<br />
other’s first domino.<br />
I’m grateful for the opportunity to have been that first domino as<br />
the 135 th CAR president, and for all the dominos before me who<br />
paved the path that led me to this “Once in a Lifetime” opportunity.<br />
#growththroughgratitude.<br />
Best,<br />
TOMMY CHOI<br />
2018-2019 President<br />
Chicago Association of REALTORS ®<br />
4 Chicago REALTOR ® Magazine
2020<br />
CONTINUING<br />
EDUCATION<br />
Brokers, if you were licensed prior to February 1, 2018,<br />
you will need to complete the requirements below by<br />
April 30, 2020:<br />
• 12 Hours of CE<br />
• 4 Hours of Core<br />
• 8 Hours of Electives<br />
CLASSROOM WEBINAR SELF-STUDY DOWNLOAD ONLINE<br />
ChicagoREALTOR.com/BrokerCE<br />
www.ChicagoREALTOR.com/Foundation 5
FROM THE CEO<br />
Time management is always an area where I’ve excelled.<br />
I can time block like no other! I’m a planner, and having<br />
worked for the Boy Scouts, “Be Prepared” is something<br />
I take to heart. But at 2:14 PM on June 2, 2017, my life<br />
changed forever when my husband Brace and I welcomed our son<br />
Broyce into the world.<br />
About 12 hours prior, I had emailed in my resume to the recruiter for<br />
CAR’s CEO position. I felt I had killed it at time management — I was<br />
responding to a job opportunity while in labor — girl power! But, I had<br />
a very scary delivery. Broyce had to be resuscitated and went straight<br />
to the NICU, rather than his impeccably decorated nursery. So, when<br />
the recruiter called back for a follow-up, I was curled up in a chair in a<br />
corner of a hospital room alone after a fever spike and possible infection.<br />
I wasn’t allowed to hold my baby boy, Brace was running between my<br />
hospital room and Broyce’s, and our families were thousands of miles<br />
away in Chicago. I had no plan for that experience and working for CAR<br />
was the furthest thing from my mind, so I didn’t pick up the phone. I sent<br />
the recruiter an honest email about my situation and offered to keep the<br />
dialogue open at a later time. Eventually, Broyce fully recovered and got<br />
to come home, I found my way back to the recruiter, and we continued<br />
our dialogue about the association. It all worked out!<br />
As first-time parents, my husband and I get excited for all Broyce’s “first”<br />
moments and milestones, and we’re infinitely amazed by how much<br />
he grows every day. We don’t want to miss a single moment. But our<br />
industry requires long, sometimes unconventional hours, planned and<br />
unplanned. I’ve had moments where I struggle to find balance in my<br />
schedule between work and family, wellness and community involvement. I know many of you can relate.<br />
As your association, we’re here to protect the real estate industry and your careers as practitioners. A large part of that is making<br />
sure we have time to take care of our communities, our health and, most importantly, our families. To help you as best we can, CAR<br />
is committed to expanding the resources, events and opportunities that aide your work-life balance.<br />
This year, we have increased the number of online learning courses, webinars, podcasts and on-demand resources available to<br />
you. These pause-and-play professional development opportunities allow you greater flexibility on when and where you consume<br />
information. We’ve also reintroduced our CAR to You program, which allows us to bring services and training right to your office,<br />
saving you valuable time and resources.<br />
In August, our family-oriented member outreach and annual business meeting welcomed you and your families to the Museum of<br />
Science and Industry for a day of education and connection. We were thrilled to meet so many of you and your loved ones, and we<br />
hope you learned about the many services we offer to help you make a greater impact in our neighborhoods.<br />
We recently introduced our External Affairs department, focused on bridging any gaps between our business and our communities<br />
and delivering opportunities for us to give back. We’re building connection in all Chicago’s neighborhoods through events like a Red<br />
Cross blood drive, Boys & Girls Club Back to School Carnival and the famous Bud Billiken Parade.<br />
While our business is important and our work is impactful, it can be difficult to feel like we’re giving our all to everything and everyone.<br />
We can time block and plan all year long, but curveballs will always come our way — by accepting support and taking advantage of<br />
available resources, we can bounce back. We are all killing it at this thing called life as best we can! I hope you’ll join me in making<br />
the best use of these opportunities at CAR, so we can spend more time being involved in our communities and building priceless<br />
memories with our families. It’s worth it!<br />
6 Chicago REALTOR ® Magazine<br />
MICHELLE MILLS CLEMENT, cae<br />
Chief Executive Officer<br />
Chicago Association of REALTORS ®
CAR + CommercialForum<br />
Rebuild Project<br />
Make a real difference for the environment and beautify your community!<br />
Join CAR and CommercialForum for a volunteer day at Rebuilding<br />
Exchange. Get crafty with hands-on learning sessions from master<br />
woodworkers on how to recycle and repurpose salvaged scrap metal<br />
and wood into functional furniture to be donated to charity. You'll have a<br />
chance to learn a new skill, engage in a sustainable practice and make<br />
connections – all while saving thousands of pounds of building materials<br />
from local landfills!<br />
Rebuilding Exchange<br />
1740 W. Webster Ave. Chicago, IL 60614<br />
8:00 AM – 3:30 PM<br />
SESSION 1: 8:00 AM – 11:00 AM<br />
SESSION 2: 11:00 AM – 2:00 PM<br />
RECEPTION: 2:15 PM – 3:30 PM<br />
Reception to follow at<br />
DeVour 312 | 1450 W Webster Ave, Chicago, IL 60614<br />
Tuesday, October 22<br />
Register at ChicagoREALTOR.com<br />
www.ChicagoREALTOR.com 7
EDITOR’S PICKS<br />
Jessica Kern<br />
Vice President, Communications<br />
jkern@chicagorealtor.com<br />
I love Autumn. Autumn is when I take time to plan and prep, both<br />
personally and professionally. This is when I set personal and professional<br />
goals for the upcoming year. I find it easier to manage in September, than<br />
the traditional January 1/New Year — and as I’m a September baby and<br />
our fiscal year starts October 1, it all seems to work out! Our team is<br />
also in planning mode for next year’s plethora of events and editorial<br />
calendar. I encourage you to get a head start on your goal-setting and<br />
business planning for the year — this issue is packed with tools to help!<br />
Check out page 16 for 10 Steps to Running Your Business like an MBA.<br />
The fabulous Rebecca Thomson gives us some very hands-on tools<br />
to help set yourself up like the business you are. Use her tips to begin<br />
analyzing your business and how you spend time, and then implement<br />
the action tools to measure your success. After you read the article,<br />
visit us online to download the worksheets she discusses.<br />
A big focus for me this year (and one that will continue into next) is<br />
work/life balance. On page 24, Bobbi Howe, a guest speaker from our<br />
Lessons from Real Estate Masterminds event in May, bravely shares<br />
her story and the lessons she’s learned about balancing a demanding<br />
career with her personal life. Read her tips and watch her video online.<br />
My favorite take-away: when putting together your calendar for the year,<br />
first fill out your family, friends and vacation time, then your education<br />
plans, prior to scheduling anything else. I will be using this tip this year!<br />
Also helpful — some pro tips from our YPN breakfast series on page<br />
26. From starting with twelve people in the balcony of Artopolis, to<br />
taking over Manny’s Deli with record numbers (selling out at over<br />
200!), it’s been fun watching this speaker series, this group and, most<br />
importantly, these young professionals, grow.<br />
We want to hear your stories! We know our members do so much<br />
for this city and our communities, but we want to help spread the<br />
word. Learn how you can give back to your community on page 10,<br />
and don’t forget to share your efforts, or your friend’s efforts, with<br />
us. We’ve created a new portal for you to provide your stories! Visit<br />
ChicagoREALTOR.com/TellYourStory.<br />
As always, don’t hesitate to reach put with any questions or comments<br />
— we’d love to hear from you.<br />
8 Chicago REALTOR ® Magazine
Chicago REALTOR ®<br />
<strong>CR</strong> Magazine<br />
2018-2019 BOARD OF DIRECTORS<br />
PRESIDENT<br />
Tommy Choi<br />
PRESIDENT-ELECT<br />
Maurice L. Hampton<br />
TREASURER<br />
Nykea Pippion McGriff<br />
IMMEDIATE PAST PRESIDENT<br />
Rebecca Thomson<br />
DIRECTORS<br />
Stephanie Brimo<br />
Antje Gehrken<br />
Heather Gustafson<br />
Julie Harron<br />
Drussy Hernandez<br />
Nick Libert<br />
Dave Naso<br />
Andy Shiparski<br />
Vicky Silvano<br />
Gail Spreen<br />
Dan Stratis<br />
Erika Villegas<br />
Marty Walsh<br />
Sarah Ware<br />
Tracey Williams<br />
CHIEF EXECUTIVE OFFICER<br />
Michelle Mills Clement, cae<br />
The Chicago REALTOR ® Magazine 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 />
CAR Central: 430 N. Michigan Ave., Ste. 800<br />
Chicago, IL 60611<br />
Ph: (312) 803-4900<br />
Fax: (312) 803-4905<br />
CAR 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 REALTORS ®<br />
and the National Association of REALTORS ® :<br />
1. The broker’s compensation for services rendered in respect<br />
to any listing is solely a matter of negotiation between the broker<br />
and his or her client, and is not fixed, controlled, recommended or<br />
maintained by 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 <strong>Online</strong> @<br />
Photo<br />
Videos<br />
• Check out Bobbi Howe’s work-life balance presentation:<br />
15 Lessons Galleries from the Other Side, from our May Member Outreach.<br />
• Learn why your peers got involved in real estate and how they<br />
show leadership in our communities.<br />
• Visit our Learning Library to learn on the go.<br />
• Download a sample transaction entry sheet, an annual<br />
transaction analysis template and a weekly schedule, so you<br />
can run your business like an MBA.<br />
• Browse for a new business read from our bookshelf.<br />
• Listen Resources<br />
Photo the YPN Breakfasts Galleries on our podcast.<br />
• Get connected organizations, resources and tools to help<br />
you better<br />
Photo<br />
engage<br />
Galleries<br />
with your neighborhoods.<br />
• Register Resources<br />
for fall classes and beat the CE crowds!<br />
• Mark your calendars and register for upcoming events.<br />
• Global Real Estate Council’s Trade Mission to Thailand<br />
• CAR Foundation 5K<br />
• YPN Summer Mixer<br />
• 112 th Annual CAR Golf Classic<br />
• REALTOR ® Day at the Museum<br />
• Bud Billiken Parade<br />
• Social media content, curated and ready for you!<br />
Digital Resources<br />
Extras<br />
Resources<br />
Resources<br />
Links<br />
ChicagoREALTOR.com<br />
Galleries<br />
Photo Videos<br />
Resources<br />
Links<br />
Galleries<br />
Videos<br />
Look for the icon throughout the magazine for<br />
content with digital bonuses!<br />
Photo<br />
Galleries<br />
Videos<br />
Videos<br />
Photo<br />
Galleries<br />
Resources<br />
Videos<br />
Resources<br />
Videos<br />
Links Photo Galleries<br />
Links<br />
Photo Galleries<br />
Links<br />
Links<br />
Resources<br />
Links<br />
Links<br />
www.ChicagoREALTOR.com 9
COMMUNITY<br />
TOOLS &<br />
RESOURCES<br />
TO BETTER<br />
SERVE YOUR<br />
CLIENTS<br />
As REALTORS ® , we’re uniquely positioned<br />
to make an outsized impact in our<br />
communities. Strong neighborhoods<br />
benefit us all — getting involved is selfinterest.<br />
It means less crime and violence,<br />
more job opportunities, higher credit<br />
scores and increased ownership rates. It<br />
also puts you face-to-face with people<br />
who could turn into future clients.<br />
We’ve put together this guide to help<br />
you know where you can get started<br />
identifying key stakeholders and programs<br />
to help strengthen communities and<br />
benefit your clients.<br />
BE ACTIVE IN<br />
YOUR CHAMBER<br />
OF COMMERCE<br />
Chambers of commerce promote and<br />
protect the interests of the business<br />
community in your area. They have a<br />
strong neighborhood network and help<br />
to coordinate efforts with the local<br />
aldermen, the City and other community<br />
and civic partners.<br />
Chambers of commerce are an important<br />
place to start, as they support the<br />
economic vitality of your neighborhood.<br />
Their activities could include anything from<br />
advocating for uniform awnings on a new<br />
commercial strip to establishing a farmer’s<br />
market, lobbying for better servicing<br />
from Streets & Sanitation and assisting<br />
community businesses with grants and<br />
award entries. The leaders of your local<br />
chamber will know important contacts in<br />
the press as well as the politicians working<br />
to serve your neighborhood.<br />
In Chicago, we have both a city-wide<br />
Chamber of Commerce, in addition to local<br />
ones in many of the 77 neighborhoods.<br />
You can find a full list on the City<br />
of Chicago website. Can’t find your<br />
community on the list? You can start one!<br />
ChicagoREALTOR.com has resources to<br />
help you get started.<br />
Your local chamber of commerce can help<br />
you with:<br />
• Attaining neighborhood and local<br />
business information<br />
• Starting a new business<br />
• Troubleshooting City-related issues<br />
for small businesses<br />
• Connecting businesses to financial<br />
resources<br />
10 Chicago REALTOR ® Magazine
• Providing opportunities for business-<br />
to-business networking<br />
• Assisting with employment and<br />
workforce development<br />
• Helping market to consumers<br />
(your neighbors!)<br />
• Connecting your business to the<br />
local community<br />
Gail Spreen, Jameson Sotheby’s<br />
International Realty, has been involved<br />
with the Streeterville Chamber of Commerce<br />
for over 20 years. “Supporting the Chamber<br />
is important to my business as it shows that<br />
I am an invested, interested and key player<br />
in the Streeterville neighborhood,” she said.<br />
“Ensuring that the business community<br />
survives, supports each other and creates<br />
opportunities for the neighborhood<br />
helps keep the area thriving and growing.<br />
REALTORS ® should be very involved in<br />
their Chambers as they are a resource<br />
for business and for creating economic<br />
development in the neighborhood.”<br />
Getting involved could mean anything<br />
from serving on a committee, helping put<br />
together newsletters, volunteering to staff<br />
an event or helping develop programming<br />
like a movie night, street festival or concert.<br />
Chambers also sometimes ask members<br />
to help throw educational workshops<br />
(property tax assessments, for example) or<br />
survey local businesses to get performance<br />
metrics and identify what resources are<br />
needed in the communities. Your local<br />
chamber will have a contact for you to<br />
reach out to and get started!<br />
SUPPORT COMMUNITY<br />
DEVELOPMENT<br />
CORPORATIONS (CDC)<br />
Chambers of commerce aren’t the only<br />
tools used to improve and maintain the<br />
vitality of our neighborhoods. Community<br />
Development Corporations (CDCs) are<br />
common in challenged neighborhoods,<br />
where the focus is on economic development.<br />
They are equipped to tackle issues<br />
like affordable housing development,<br />
job training, education and other social<br />
programs — all of which help to make<br />
strong communities. Most CDCs are funded<br />
through private donors and government<br />
grants and their board includes community<br />
residents, while chambers mostly cater<br />
to local business owners who may or may<br />
not live in the area.<br />
Zeke Morris, EMA Realty & Management,<br />
is involved with a local CDC, the Greater<br />
Chatham Initiative. “As a REALTOR ® , I want<br />
the community to know that not only<br />
am I committed to listening to concerns<br />
and goals, but I want to be a part of the<br />
solution,” he said. “We are interdependent<br />
upon each other and being present goes a<br />
long way to build trust. As the community<br />
goes, so goes my business. I am thankful<br />
for the Greater Chatham Initiative, because<br />
it fosters vision and collectively works<br />
toward the goal of a vibrant community.”<br />
Volunteering for a local CDC could include<br />
anything from serving on their board to<br />
helping implement programming and<br />
identify partners for key initiatives, including<br />
community and housing development,<br />
preservation, education and safety efforts.<br />
Tony Hardy, Marcus & Millichap, also works<br />
with the Greater Chatham Initiative. “The<br />
work we do there makes a direct impact<br />
in the Chatham Community,” Hardy said.<br />
“The real time boots-on-the-ground flow<br />
of information from the team at GCI helps<br />
me keep real estate investors in position to<br />
make the most informed decisions.”<br />
A few prominent CDCs in Chicago include:<br />
• Greater Southwest Community<br />
Development Corp<br />
• Bickerdike Redevelopment Corp<br />
• Greater Auburn Gresham<br />
Development Corp<br />
• Lawndale Christian Development<br />
Corp<br />
• The Resurrection Project<br />
• St. Edmund’s Redevelopment<br />
Corporation<br />
• CNI – Chicago Neighborhood<br />
Initiatives<br />
LEARN ABOUT THE<br />
COOK COUNTY LAND<br />
BANK’S PROGRAMS<br />
The Cook County Land Bank plays a<br />
transformative role in building strong<br />
communities. It was formed in 2013 to<br />
address the large inventory of vacant<br />
residential, industrial and commercial<br />
property in Cook County. The Land Bank<br />
acquires, holds and transfers interest in<br />
real property throughout Cook County<br />
to promote redevelopment and reuse of<br />
vacant, abandoned, foreclosed or taxdelinquent<br />
properties. It also supports<br />
targeted efforts to stabilize neighborhoods<br />
and stimulate residential, commercial and<br />
industrial development. It functions as a<br />
unit of Cook County government, funded<br />
primarily with grants, contributions and<br />
revenues from transactions. CCLBA is the<br />
largest land bank by geography in the<br />
country and is governed by a Board of<br />
Directors, including Chicago REALTOR ®<br />
Sarah Ware, Ware Realty Group.<br />
“If you’re doing business in Cook County, the<br />
Cook County Lank Bank is another form of<br />
inventory for your clients that you need to<br />
know about,” she said.<br />
Two of their programs offer ways you<br />
can make a difference in transforming<br />
neighborhoods in need of investment.<br />
HOMEBUYER DIRECT PROGRAM<br />
The Land Bank’s Homebuyer Direct<br />
Program helps break down homeownership<br />
barriers by empowering prospective<br />
homeowners who may be interested in<br />
directly purchasing, rehabbing and living in<br />
the home to purchase property at belowmarket<br />
prices. This is a good opportunity<br />
for your clients to engage in the purchase<br />
and rehab of a home to build equity, while<br />
also finishing a home to their tastes! The<br />
Land Bank also has a number of lending<br />
partners that specialize in purchase/rehab<br />
loans such as the 203K product. A list<br />
of all their partners participating in their<br />
Homebuyer Direct Program can be found on<br />
their website.<br />
TAX CERTIFICATE PROGRAM<br />
Putting vacant and abandoned properties<br />
back into use is a critical part of the Land<br />
Continued on page 12<br />
www.ChicagoREALTOR.com<br />
11
Continued from page 11<br />
Bank’s work. To revitalize and reboot<br />
distressed neighborhoods, they make<br />
available properties that have been tax<br />
delinquent for some time. Often, these<br />
parcels are abandoned, creating blight<br />
and dragging down the livelihood of their<br />
communities and potential to prosper,<br />
and the back taxes and fines exceed<br />
the value of the property itself, making<br />
redevelopment virtually impossible.<br />
The Land Bank’s tax certificate program<br />
extinguishes the outstanding tax amounts<br />
so those who have a plan for putting<br />
the property back into productive use<br />
have a clear path to do so. The Land<br />
Bank looks to partner with communitybased<br />
developers, local not-for-profits,<br />
block clubs, community organizations,<br />
homeowners, faith-based organizations and<br />
others to revitalize and reboot distressed<br />
neighborhoods, reduce unnecessary<br />
vacancies and fill unique community<br />
needs, like community gardens, play lots,<br />
basketball courts and open spaces.<br />
You can fill out an application to become<br />
a prospective property owner through<br />
the Lank Bank via their website. The Lank<br />
Bank is also accepting applications from<br />
individuals and organizations who are<br />
interested in donating and conveying<br />
property. They also occasionally post<br />
RFPs on their site for developers, broker<br />
services and more. Keep an eye out for<br />
ways you can be of assistance to this<br />
critical community program.<br />
UNDERSTAND THE<br />
PROPERTY TAX<br />
APPEALS PROCESS<br />
Understanding the property tax appeals<br />
process to help your clients avoid overpaying<br />
is a key skill for any REALTOR ® . Properties<br />
in Cook County are reassessed every three<br />
years, and property taxes are based on these<br />
assessments. Once assessment notices are<br />
mailed, by township, a property owner has<br />
30 days to file an appeal. If unsuccessful at<br />
the Assessor’s office, owners can appeal<br />
once more to the Board of Review, which<br />
follows another schedule.<br />
Be sure you’re notifying your clients when<br />
their township opens for appeal! And, be sure<br />
you’re educating them on the importance of<br />
appealing their assessment. This will help<br />
keep their property tax burden in check.<br />
FIND A PROPERTY’S PIN<br />
Every property in Chicago is assigned a<br />
Property Index Number (PIN). This numerical<br />
code is the legal description of a piece of<br />
land as defined for the purposes of real<br />
estate taxation and points to its location on<br />
county tax maps.<br />
The best place to find a PIN is a deed or tax<br />
bill. You can also look up a property’s PIN via<br />
the Cook County Assessor’s website if you<br />
have the property address.<br />
FIND TRAFFIC COUNTS<br />
When you’re looking to bring investment<br />
and new business to your community, one<br />
HOW TO READ A PIN<br />
AA-SS-BBB-PPP-UUUU<br />
AA: AREA number (sequential township)<br />
SS: SUBAREA number (section)<br />
BBB: BLOCK number<br />
PPP: PARCEL number<br />
UUUU: UNIT number for condominiums and leaseholds (zeros in this portion<br />
of the PIN indicate non-condo and non-leasehold PINs)<br />
STEP 1: Use the two-digit area number to identify your township on the<br />
Cook County map.<br />
STEP 2: Find your two-digit section number in the township.<br />
STEP 3: Look within the subsection and use the three-digit block number<br />
to find your block.<br />
STEP 4: In your block, find your three-digit parcel number.<br />
• If the property is a condo or leasehold, the next four-digit number will<br />
ID the specific unit.<br />
• If this section contains zeros, the property is not a condo or leasehold.
of the questions you should be able to<br />
answer is the average daily traffic count<br />
(ADT). This is like a census count of vehicles<br />
on any given city street. These counts<br />
provide a close approximation to the actual<br />
number of vehicles passing through a<br />
given location on an average weekday. You<br />
can find a map with ADTs for the City of<br />
Chicago through the Chicago Department<br />
of Transportation. This data is updated<br />
approximately every 10 years.<br />
SMALL WAYS TO MAKE<br />
A DIFFERENCE<br />
If you’re looking for small ways to make a<br />
community-wide impact, check out these<br />
two programs:<br />
RAIN BARREL PROGRAMS<br />
If you or your clients are looking for greenfriendly<br />
ways to make a small impact, look<br />
into the Metropolitan Water Reclamation<br />
District of Chicago’s rain barrel program.<br />
Rain barrels capture rainwater from roofs<br />
and save it for when you may need it. They<br />
can be used for many things: washing<br />
your car, watering your lawn and cleaning.<br />
Because rain water is naturally free of<br />
chlorine, lime and calcium, many gardeners<br />
swear it’s better for their plants. Plus, keeping<br />
water out of the sewer system helps to<br />
prevent sewer overflows and flooding.<br />
The rain barrels are made of 50-75%<br />
recycled content and include leaf and<br />
mosquito filter screens, a spigot, overflow<br />
adaptor and overflow hose. All Cook County<br />
residents can purchase a rain barrel for<br />
$<br />
45.78 (including tax), with free delivery to<br />
your property and detailed instructions to<br />
connect your barrel to your downspout<br />
and/or link it to a second barrel.<br />
COMMUNITY GARDENS<br />
Community gardens have the potential<br />
to beautify vacant lots, augment local<br />
food supplies and enhance the urban<br />
environment. They increase the availability<br />
of fresh, healthy produce in neighborhoods,<br />
in addition to providing space for recreation<br />
and socializing for citizens. Some gardens<br />
partner with local businesses to provide<br />
food and educational opportunities. They<br />
are a convenient and fun way to create<br />
volunteer and leadership opportunities,<br />
and they help to encourage neighbor-toneighbor<br />
discourse. Plus, communal gardens<br />
enliven neighborhoods by improving<br />
neighbor health and increasing the value of<br />
surrounding properties.<br />
As a REALTOR ® , you have a unique<br />
advantage. Every community has a variety<br />
of public spaces, mostly recognized as<br />
parks, streets and plazas. But, public spaces<br />
such as alleys, neglected courtyards,<br />
stairways and land awaiting redevelopment<br />
could be the city’s most underutilized and<br />
potentially valuable assets. Improving<br />
deteriorated or underutilized spaces will<br />
increase their usage and usefulness —<br />
which in turn, can strengthen and enrich<br />
a community. You can help by identifying<br />
spaces and their potential for the benefit<br />
of entire communities.<br />
Start by identifying empty lots or sites<br />
ripe for development. Neighborhoods<br />
that have experienced blight or are in<br />
the midst of food deserts are excellent<br />
examples of how a community garden<br />
can transform a community. Blighted lots,<br />
cleaned up and given the structure of a<br />
community garden, can lead to rejuvenation<br />
of the neighborhood, as well as increased<br />
development interest and property values.<br />
Neglected or vacant spaces in your<br />
community have the potential to be<br />
transformed — permanently or even<br />
temporarily — into a community garden,<br />
which is a benefit to your clients and your<br />
community. The Chicago Park District has<br />
a wealth of resources available, including<br />
guidelines, petitions, applications and<br />
liability waivers. A few years ago, we<br />
partnered with the Peterson Garden Project<br />
on the Chicago Association of REALTORS ®<br />
Community Garden — founder LaManda<br />
Joy wrote the book, Start a Community Food<br />
Garden: The Essential Handbook, which can<br />
also help you get started.<br />
USE THE RESOURCES AVAILABLE<br />
There are a variety of resources available to you as a benefit of your REALTOR ®<br />
membership!<br />
• REALTORS ® Property Resource (RPR) Data – RPR offers comprehensive data and<br />
powerful analytics for REALTORS ® . RPR covers every segment of the real estate<br />
industry, including commercial and appraisals. In addition to housing stats, RPR<br />
provides economic stats, like median income and unemployment rates, in addition<br />
to U.S. Census data and quality of life statistics, like annual snow and rainfall, travel<br />
time to work, water quality and walkability. On the commercial platform, there are<br />
three breakdowns:<br />
o Where are the right people for a business?<br />
o What’s the best location for a business?<br />
o What’s the best business for a location?<br />
The demographic and spending data is extremely comprehensive and provides<br />
critical insights for neighborhood activity. These are also great reports to share<br />
with your elected officials and chambers of commerce when you look at what<br />
business needs still need fulfilled and other urban planning projects.<br />
• FastStats – These enhanced statistical reports are designed to help illustrate what’s<br />
happening in the Chicago residential market. You can find weekly and monthly<br />
snapshots for the whole city, in addition to neighborhood snapshots designed to<br />
showcase the real estate trends for your area. The PDFs are downloadable and ready<br />
to print, e-mail and post.<br />
• InfoSparks – This real-time data pulls directly from the MLS and puts you in control.<br />
Fully customizable, you can go general or very granular with this data. Select an area<br />
and variables, choose a metric, filter results and share! It’s even possible to define<br />
custom geographies. All print/export/email options are here, including live, static and<br />
embeddable charts and images, as well as raw data tables. Shared items will include<br />
your contact information, which is automatically generated from the information<br />
stored in your profile. If you have a specific area and type of property you focus on,<br />
create a chart and embed it in your website and it will update with live statistics!<br />
• Accessibility Scores – How easy is it to access your neighborhood on foot? By<br />
transit? By bike? These are all questions you should know the answer to, and luckily,<br />
it’s easy (and free) to find out via WalkScore. WalkScore will break down the area’s<br />
transportation options and help identify needs.<br />
www.ChicagoREALTOR.com 13
RECYCLING<br />
HOME<br />
By Karla Mina, Compass Real Estate<br />
I’m that girl who collects vinyl records, old books with gold trim<br />
and vintage cameras. In times when a cell phone can play music,<br />
snap a picture and have a book read to you through Amazon’s<br />
Audible book club, I still prefer the more nostalgic path. There’s<br />
magic about the smell of an old book with pages so old and<br />
delicate that any quick ‘flip’ could destroy it. Music on vinyl feeds<br />
my imagination, letting it wander with every high-quality note.<br />
And those old, heavy cameras with the huge flash lights not only<br />
hold so much history,<br />
but they make the best<br />
decorations!<br />
So, what does this have<br />
to do with recycling<br />
homes? There’s a<br />
huge sense of pride<br />
in refurbishing an old<br />
property with charm and historical value. The captivation is in<br />
entering an old property and envisioning its modern-day, best use.<br />
But where do you start? Just like anything in real estate, it’s<br />
important to know your budget and timeline. Refurbishing a home<br />
can be costly and time-consuming, if you’re not careful. You<br />
14 Chicago REALTOR ® Magazine<br />
shouldn’t just purchase an old home because it’s inexpensive. Get<br />
a full picture of the updates that need to be made.<br />
It’s helpful to assemble a team of experts who can help you make<br />
the necessary assessments as to the health of the house and<br />
property before you make an offer. Build a network of contractors<br />
who can help you get quotes as to repairs that may be necessary.<br />
This network should include general contractors, electricians,<br />
If your flip is a multi-unit property,<br />
don’t despair: rent it out, procure a<br />
high cap rate and relax — this is a<br />
coveted, income-producing asset that<br />
tends to sells quickly and profitably.<br />
This team can help you decide:<br />
• What needs to be replaced?<br />
roofers, plumbers,<br />
painters and HVAC<br />
experts. You’ll also want<br />
an outstanding home<br />
inspector on your team,<br />
to help suss out the state<br />
of the home as is and<br />
identify the absolutely<br />
mandatory repairs.<br />
• What types of permits will you need to do the repairs?<br />
• How will these repairs impact your bottom line?
You want to do just as much research, if not more, on a home that<br />
you’ll refurbish as you would on a home that’s listed as turn-key,<br />
because every penny spent matters when it comes time to sell<br />
the home.<br />
Make sure you check out applicable tax and zoning laws, as well as<br />
the financial status of the property. You can look up a property’s PIN<br />
through the Cook County Tax Portal (cookcountypropertyinfo.com) to<br />
assess its value history, tax history and any delinquencies.<br />
Remember, your final sales price should fall around the market<br />
value for comparable homes, and it should make up for the money<br />
you spent on the home, including all<br />
the work and permits you needed to<br />
complete the rehab and your time.<br />
Every moment you’re working on<br />
the refurb, you’re taking away time<br />
from transacting. As with any real<br />
estate deal, time is of the essence! It’s<br />
important you recoup money for the<br />
time you invested while keeping the<br />
price reasonable for potential buyers.<br />
The difference between the acquisition<br />
cost and after repair value is the rehab cost.<br />
REALTORS ® understand the analytics behind the lowest sale in<br />
the area and the highest potential value in a premium market. In<br />
a market where values may “correct” themselves and property<br />
taxes increase, there are only a few places where you can manage<br />
affordability. Managing the price, rehab costs and getting the<br />
product back on the market is where most investors fail.<br />
the kitchen and baths, as they are often the climax to every home<br />
selling story.<br />
While it can be tempting to go with either inexpensive or lavish<br />
finishes, try to aim for something that’s in between. Home<br />
improvement shows have buyers most interested in shiny new<br />
countertops and top-of-the-line appliances, so it’s important to<br />
purchase products that will catch their eye, but you also don’t want<br />
to soak up your budget on these items. They could drive the price<br />
up too high or risk investing too much in products the buyer plans<br />
to change anyway.<br />
Know the market. When<br />
shopping for a home to<br />
recycle, take a look at<br />
the market data for the<br />
neighborhood it’s in to<br />
help you gauge how much<br />
you can reasonably make<br />
from the investment.<br />
Also, don’t forget about curb appeal.<br />
While you don’t have to completely<br />
splurge on landscaping, porch<br />
furnishings and flowers, the outside<br />
of the property should be presentable.<br />
Clean up and remove any remnants<br />
from the repair, power wash the<br />
exterior and make sure the lawn is<br />
raked and mowed.<br />
Does it sound like a lot of work? It is.<br />
However, it’s worthwhile, particularly<br />
in today’s market. Buyers are looking for homes that don’t require<br />
anything except them unpacking their boxes. This is largely due to<br />
historically low interest rates that allow them to leverage the bank’s<br />
money to acquire an asset that is 100 percent up and running. They<br />
don’t have time, or the desire, to oversee each phase of their rehab<br />
process, so they rely on you. More and more, buyers are realizing<br />
that real estate is an appreciating asset. Like any commodity, the<br />
value can be volatile, but, over time, it should appreciate.<br />
For beginners or those looking for a potentially quicker payout,<br />
I recommend purchasing a refurbished home that only needs<br />
cosmetic changes. The initial cost savings may not be as high as<br />
you hoped, but the cost of refurbishing it will be significantly lower.<br />
Not to mention, it typically takes a lot less time and effort.<br />
If your flip is a multi-unit property, don’t despair: rent it out, procure<br />
a high cap rate and relax — this is a coveted, income-producing<br />
asset that tends to sells quickly and profitably. For a novice<br />
investor, buying a multi-unit rental building means optimizing<br />
rental yield and fewer property management service calls.<br />
Aligning yourself with a reliable contractor is key. If you chose to<br />
go with a house that needs structural, electrical or other significant<br />
repairs, you’ll want to work with your contractor to learn the level<br />
of importance for each project and begin tackling those right away<br />
after you close. If the property has good bones and a strong roof,<br />
your next step is looking at the layout. A lot of older homes have<br />
walls, closet spaces, kitchens and bathrooms that don’t fit the<br />
needs and wants of today’s buyers. Knocking these walls down to<br />
create larger, more open spaces is often the first step.<br />
Once that’s done, it’s time to make the buyer see the potential you<br />
saw when you purchased the home. As a buyer’s agent, we know<br />
what design trends our clients prefer, down to what wall colors will<br />
sell a house in the shortest amount of time. Pay special attention to<br />
Before you begin your first rehab, here are some of my tips:<br />
• Know the market. When shopping for a home to recycle,<br />
take a look at the market data for the neighborhood it’s in to<br />
help you gauge how much you can reasonably make from<br />
the investment.<br />
• Be patient. Just like any real estate transaction, delays can<br />
happen at any point in the transaction. Don’t cut any corners<br />
to get the job done quicker; you want to make sure it’s done<br />
correctly. Hire the best contractors and get the right permits.<br />
This ensures a better sale and boosts your reputation as<br />
a rehabber.<br />
• Love it. I mentioned before my love for vintage items and<br />
what they represent in today’s world. Recycling homes are<br />
a lot of work. There are a lot of moving parts and a lot to<br />
keep track of. If you don’t love it, it can be difficult to get<br />
through the work. Get to know the history of the home. Look<br />
for ways to update it while maintaining the historic charm.<br />
Take lots of photos throughout the process and tell the home’s<br />
story to your potential buyers.<br />
There’s nothing like a new home — but there’s also nothing like an<br />
old home made new.<br />
For more real estate investing tips, listen to<br />
Karla on WGN Radio’s “Market Overdrive”<br />
www.ChicagoREALTOR.com 15
COACHING CORNER<br />
10 STEPS<br />
To Running Your<br />
Business Like An MBA<br />
Critical Questions and the Math of Making Money<br />
REBECCA THOMSON, THOMSON REAL ESTATE<br />
Are you missing opportunities right in front of<br />
you? Are you focusing on the wrong things?<br />
What if you could make more money just by<br />
asking better questions?<br />
It’s easy to get caught up in the hectic day-to-day of<br />
our business, and we often aren’t leveraging the data we<br />
have readily available to better position ourselves<br />
for success.<br />
I’m here to help you take a quantitative approach to your<br />
business, so you can maximize your time and make more<br />
money. This step by step guide gives you a foundation for<br />
thinking more strategically about how you operate.<br />
ANALYZING YOUR BUSINESS<br />
To truly understand your business, just look to the past.<br />
• What have you excelled at?<br />
• Where are your best sources of business?<br />
• Where is there room for growth?<br />
Sample Transaction Entry<br />
STEP 1: Source of Business, Spend<br />
and Income by Transaction<br />
This step will help you get a quantitative perspective on how much<br />
business you did last year and whether or not you are on track this<br />
year, in addition to quantifying where and who your business is<br />
coming from and helping you gauge exactly how much you earn<br />
and how much you are giving up in negotiations.<br />
Property Address Client Name Client Type Source/Referred by Sale Price Commission % Gross Commission<br />
Buyer, seller, renter % - Fee Sale Price x MLS Co-Op - Fee<br />
16 Chicago REALTOR ® Magazine
ACTION: Pull your full transaction history for both this year<br />
and the last. You can pull MRED transactions by date. If you had<br />
any off-market deals (including rentals and outbound referrals),<br />
your company tracks those internally, so a simple request can<br />
often get you all the information you need.<br />
Compile data on whether you represented the buyer or seller, the<br />
source of the lead, your commission, your split, what you spent or<br />
gave up and ultimately, your net income.<br />
Excel is a fantastic and easy<br />
tool for organizing data. If<br />
you need to brush up on Excel,<br />
there are tutorials on Lynda.<br />
com and, of course, YouTube.<br />
Here are the questions we need to answer:<br />
• How much business do you actually do?<br />
• Where does your business come from?<br />
• Who is your biggest referral source?<br />
• What are you actually earning?<br />
• What are you giving away?<br />
See Sample Transaction Entry below and download it on<br />
ChicagoREALTOR.com.<br />
Step 2: Annual Analysis<br />
The goal for this step is to assess a few things:<br />
• Whether you are balanced, listing-heavy or buyer-focused.<br />
You can take it a step further and look at your average<br />
commission for both buy and sell sides. Are you happy with<br />
that number?<br />
ACTION: Let’s compile the data to get a full picture. You can<br />
do it by completing the table below.<br />
• In how many transactions did you represent the buyer?<br />
• In how many transactions did you represent the seller?<br />
• What is your total sales volume?<br />
• What is your average sales price?<br />
• How have rentals and outgoing referrals impacted<br />
your income?<br />
Annual Transaction Analysis<br />
# Buy Side #<br />
# Sell Side #<br />
Total # of Transaction Sides #<br />
Total Sales Volume $<br />
Total Sales Income $<br />
Average Sales Price<br />
(Total Sides / Total Volume) $<br />
# Rentals #<br />
Total Rental Income<br />
#Outbound Referrals<br />
Total Referral Income $<br />
TIP: If you want more listings, consider contacting<br />
cancelled and expired listings or prospecting with FSBOs.<br />
Want more buyers? Host and sit open houses!<br />
• Your average sale price and volume. You can increase<br />
your income by charging a higher commission, participating<br />
in more transactions or raising your average price point.<br />
Use this data for goal setting for next year!<br />
• The impact outbound referrals and rental<br />
deals are having on your bottom line<br />
TIP: No referral income? You are missing out! Whether<br />
referring deals to other agents in nearby markets or<br />
helping clients find the best REALTOR ® out of state, position<br />
yourself as the source for all things real estate. Build your<br />
network by attending local, state, & national events.<br />
TOTAL Income $<br />
Step 3: Tracking Progress<br />
By compiling all this data, we are able to not only look at last year’s<br />
numbers, but also how on- or off-track you are this year.<br />
ACTION: Put the annual analysis side by side.<br />
• How do your year-to-date sales compare to last year’s?<br />
• How have the number of deals changed?<br />
• Has your buyer/seller mix changed?<br />
• Are there any other trends you note?<br />
If there is a variance, drill down to see what has changed. Whether<br />
you are working with fewer clients, have seen a spike in your<br />
average price point, or are charging a different commission, the<br />
Concessions Company Split Marketing Costs Net for Transaction Add to <strong>CR</strong>M Request Tutorial<br />
Gross - Split - Additional Costs<br />
www.ChicagoREALTOR.com 17
numbers will shed light on the root of the change. If you keep<br />
tracking this data, you can start to see shifts year over year.<br />
With fluctuations in the market, expansion of your network and<br />
increases in your marketing budget, you will be able to plan ahead,<br />
and pivot as needed.<br />
MAKING MONEY: MEASURING<br />
YOUR SUCCESS<br />
Step 4: What You Earn<br />
Throwing in 500 dollars to get the deal done adds up quickly<br />
– especially if your split is calculated off gross commission.<br />
Additionally, covering a few hundred dollars in company fees that<br />
was your client’s responsibility to pay or accepting a negotiated<br />
down commission makes a big difference when you add it up at<br />
the end of the year.<br />
ACTION: Do the math and ask yourself whether you are<br />
giving too much away for the great work you do.<br />
• How much are you leaving on the table?<br />
• What are you going to change to put and keep more<br />
money in your pocket?<br />
Commission discussions are always a challenge. Some companies<br />
have policies on minimum commissions, whether they be<br />
percentages or flat rates, and you want to abide by your company’s<br />
policy. Some brokers choose to discount because they are chasing<br />
higher volume while others charge more because they justify it<br />
with the services they offer and the success they bring. When you<br />
calculate your stats, you will have more fodder for articulating why<br />
you are worth what you charge.<br />
Step 5: What You Spend and Where<br />
Spending money is not always a bad thing, if it is strategic.<br />
Unfortunately, many of us fall prey to SOS — shiny object<br />
syndrome — and signup for software, lead generators and<br />
fancy <strong>CR</strong>Ms that we aren’t using. Look back to your sources of<br />
transaction and see if you are getting the return on investment<br />
(ROI) to justify the expense. If not, decide whether you can<br />
commit to more time to make it worthwhile, or whether it’s time<br />
to eliminate the expense or reduce the cost by switching plans<br />
or providers.<br />
ACTION: Think about what you spend on your clients<br />
between gifts, livery service, photography, signs, brochures, etc.<br />
If you don’t know off-hand, start making a list of all the expenses<br />
you typically incur for a client. Do the same for your sphere of<br />
influence (SOI): past clients, friends and top referrers who you<br />
take for coffee, bring to a baseball game, invite to a wine tasting,<br />
etc. This is money well spent, and if you aren’t budgeting for your<br />
SOI, put one together and develop a plan to reach out to these<br />
people more frequently!<br />
• What services do you offer your clients?<br />
• How much do you spend on an average listing?<br />
• How much do you spend on a buyer client?<br />
• What are you paying for that you aren’t using?<br />
• What is the ROI for your paid leads?<br />
Step 6: Setting Your Goals<br />
It is never too late to define your goals and create a business plan.<br />
Some people are driven by income alone, and others by what<br />
the additional money allows them to do, whether this is traveling,<br />
supporting a family or relieving financial pressure. In order to set<br />
goals, use the data you have to create a plan that will work!<br />
ACTION: The first step to reaching your goals is to write<br />
them down.<br />
• How much do you want to earn this year?<br />
TIP: If your average price is X, then you need to sell<br />
Y homes.<br />
• Based on your current buyer/seller mix, average price point<br />
and average commission, how many sold listings will you<br />
need to reach your goal? How many buy-side deals?<br />
• What percentage of your listings sell?<br />
• What percentage of your buyer clients purchase?<br />
• How many listings will you need to take to reach your goal?<br />
How many per month?<br />
• How many buyer clients do you need to work with? How<br />
many per month?<br />
MANAGING YOUR TIME<br />
Step 7: Where You Spend Your Time<br />
Most of us don’t fully realize how we spend our time.<br />
ACTION: Record and track three of your days — everything<br />
from emails and showings, to binge-watching TV and playing<br />
Candy Crush, to crushing it at the gym.<br />
• How many hours a week do you work on average?<br />
• How many weeks do you take off (vacation, holidays, etc.)?<br />
• What is your income per hour?
TIP: Divide your net income by the # of weeks you work<br />
and then by the # of hours per week ex. ( $ 100,000/50<br />
weeks)/40 hours per week = $ 50/hour<br />
• What are you going to change to increase your income<br />
per hour?<br />
• Based on your journaling, what’s one thing you want to<br />
stop doing?<br />
• What activities do you do to generate business?<br />
• How much time do you spend each week on lead<br />
generation?<br />
Step 8: Implementing Systems &<br />
Time-blocking<br />
It is always better to work smarter than harder. Your time is<br />
valuable! From using a <strong>CR</strong>M to tracking your expenses, you can<br />
implement systems to make your life easier and help save you<br />
time. A tried and true tactic for staying on-track involves timeblocking.<br />
Often, we get caught up emailing, putting out fires<br />
and doing administrative tasks. You can earn more money by<br />
dedicating more time to prospecting, but this will only work if you<br />
set aside time to work on your business. Incorporate activities<br />
like lunch meetings, calling your SOI quarterly and hosting client<br />
appreciation events to maximize your weeks. Your transaction<br />
log also asks if you’ve added someone to your <strong>CR</strong>M – a helpful<br />
reminder to add past clients!<br />
ACTION: Examine at your MLS data for the following:<br />
• What is your average # of listing days on market (DOM)?<br />
What is your average list to sale percentage? ex. listed at<br />
300k, sells for 270k = 90% list to sale<br />
• How many price changes do you average?<br />
• On the buy side, what is the average percentage you<br />
negotiate off list price?<br />
• What is the average days on market and percent of sale<br />
to list price in the market?<br />
TIP: Calculate this by MLS area, buildings, price point, etc.<br />
• What is your market-share (as an individual, team or<br />
company)?<br />
Step 10: Finding and Leveraging<br />
Opportunity through Digital Marketing<br />
Your digital presence is top priority as it is how most consumers<br />
will first get to know you.<br />
ACTION: Buff up your marketing plan and dedicate weekly<br />
time in your schedule to tackle it. Build a testimonial request<br />
into your process after each closing. To build a base, reach out to<br />
your past clients about submitting a testimonial on just one site (I<br />
recommend Zillow or realtor.com ® ). Let them know how much you<br />
appreciate them taking a few moments to write one.<br />
ACTION: Evaluate the processes and systems you have<br />
in place.<br />
• Do you have a <strong>CR</strong>M and how frequently do you want to<br />
update it?<br />
• What systems do you use to track your expenses?<br />
TIP: You can get a discount on Quickbooks via NAR’s<br />
Member Benefits.<br />
• What activities will help you generate more business?<br />
• How much time each week do you want to set aside for<br />
growing your business?<br />
MATH FOR MARKETING<br />
Step 9: Knowing Your Stats<br />
To justify what you charge and convince clients to work with<br />
you, stats always help. Look back at your MLS data to calculate<br />
key stats. You can dice and slice it several different ways to<br />
demonstrate your expertise at a price point, within a building or<br />
subdivision, or your negotiating prowess. Hone in on what makes<br />
you the strongest. If you are newer to the business or had a rough<br />
go, ask your company about their stats.<br />
• When is the last time you updated your online profiles?<br />
n realtor.com ® - Start here to get a FREE profile!<br />
n Zillow<br />
n LinkedIn<br />
n Facebook<br />
n Instagram<br />
n Your company website<br />
n Google<br />
• How many testimonials do you currently have on Zillow,<br />
realtor.com ® and LinkedIn?<br />
• How many testimonials do you want to have by the end<br />
of the year?<br />
• What areas of your profile can be enhanced?<br />
• What digital marketing elements do you want to incorporate<br />
into your business (ex. video, Adwerx, etc.)?<br />
Now you have the right questions to ask and the tools you need to<br />
leverage data to help you grow your business in the<br />
weeks and months to come.<br />
Rebecca Thomson<br />
Thomson Real Estate Group<br />
Download a sample transaction entry sheet, an annual<br />
transaction analysis template and a weekly schedule.<br />
www.ChicagoREALTOR.com<br />
19
GOVERNMENT AFFAIRS<br />
Government Affairs Update<br />
Welcome to our new Government Affairs Directors!<br />
Kris joined us in November of last year to<br />
launch the new External Affairs department,<br />
and previously served as a Government<br />
Affairs Director for Illinois REALTORS ® working<br />
with us in Chicago. We are excited that he<br />
will bring this experience to his new role<br />
and will continue to build upon his existing<br />
relationships with the new city administration.<br />
Kristopher Anderson We look forward to working with him to expand<br />
and elevate CAR’s advocacy footprint!<br />
Interested in meeting Kris and Adriann and learning<br />
more about our ongoing advocacy initiatives? Coffee<br />
with the GADs the first Tuesday of each month provides<br />
updates in real time. Register at ChicagoREALTOR.com.<br />
Adriann joined CAR in July as our new local<br />
government affairs director, with primary<br />
responsibility for Cook County, Cook County<br />
municipalities outside of the city of Chicago,<br />
commercial issues and some shared City<br />
Council responsibilities. She previously<br />
served as a local and state government affairs<br />
representative at the National Association<br />
Adriann Murawski of REALTORS ® and is an expert in state and<br />
local real estate policies relating to land-use<br />
and landlord tenant relations. She is well versed in rent control<br />
policies and has a proven history advocating and interpreting<br />
policies related to private property rights. Prior to NAR, Adriann<br />
served as the Senior Manager of Government Affairs for CCIM<br />
and has previous campaign experience in Illinois and Iowa.<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 />
Thank you<br />
Brian Bernardoni!<br />
Brian Bernardoni<br />
Our longtime Senior Director<br />
of Government Affairs, Brian<br />
Bernardoni, will depart September<br />
30, 2019, to pursue opportunities<br />
outside the REALTOR ® organization.<br />
We’re so thankful for all his<br />
incredible work on our behalf over<br />
the last 17 years. Thanks to Brian’s<br />
advocacy work, we achieved<br />
an exemption from the “Cloud Tax” on REALTOR ®<br />
and MRED data and defeated several transfer tax<br />
proposals. Brian worked with housing advocates for the<br />
preservation of homes through the Cook County Land<br />
Bank and the Neighborhood Stabilization Program and<br />
helped over 30,000 homeowners with his work to open<br />
the Cook County Board of Review books to allow for<br />
appeals using MRED data. We wish him all the best in<br />
his future endeavors!<br />
20 Chicago REALTOR ® Magazine
HOW I SPEND MY<br />
Money, money, money — it’s a personal topic,<br />
but an important one. We chatted with a few Top Producers about how<br />
they invest their hard-earned dollars, in both business and life.<br />
AMANDA McMILLAN<br />
@properties<br />
What’s the most effective way you spend<br />
money to build your business?<br />
The best way to generate more business is<br />
to constantly work on becoming better at<br />
what we do. Investing in yourself through<br />
education — seminars, webinars, books and<br />
coaching — is one of the more profitable ways to spend your money.<br />
What’s the most effective way you spend money to grow your leads?<br />
My success in this business has been based on a well-oiled<br />
referral business model. Therefore, lead generation is most<br />
effective through keeping our clients engaged, educated and<br />
aware of our continued successes in the industry. We do this with<br />
an in-depth Client Appreciation Program. One of the highlights<br />
of this programs are several client appreciation parties. They are<br />
great events that typically have super engagement and result in an<br />
outgrowth of leads.<br />
What’s your favorite splurge, outside of the real estate industry?<br />
Personal time can be hard to come by, between a busy work<br />
schedule and active family. I have remained dedicated to my guilty<br />
pleasure of owning and competing show horses at the national<br />
level. While it is a pricey industry to partake in, I remain committed<br />
to it and know that the horses help me to continue striving for the<br />
best version of myself in business and, more importantly, in life.<br />
What’s something you’re planning on directing more dollars to,<br />
in order to grow your business in 2020?<br />
There are always lots of “shiny” new things to invest in. I try to make<br />
very calculated and sensible decisions. In 2020, our primary goal<br />
is the redesign of our website, ChicagoHomePartner.com. Despite<br />
winning website of the year by Chicago Agent a few years ago, we<br />
must stay up on the trends to keep with this fast-paced industry!<br />
www.ChicagoREALTOR.com 21
22 Chicago REALTOR ® Magazine<br />
MARIO DILORENZO<br />
Keller Williams Chicago – O’Hare<br />
What’s the most effective way you spend<br />
money to build your business?<br />
Without a doubt, it’s on education and<br />
training. Today, more than ever, it’s so<br />
important to be learning-based in your<br />
business. Each year, I attend two out-of-state<br />
conferences, an annual business boot camp and numerous training<br />
opportunities inside and outside my company. I also invest in a<br />
business coach, who offers lots of tips and pointers and helps add<br />
accountability and awareness to my business.<br />
What’s the most effective way you spend money to grow your leads?<br />
Since about 85 percent of my business in 2018 came from my<br />
database, I spend most of my money on just that. I already have an<br />
amazing <strong>CR</strong>M through my company, so most dollars go towards my<br />
36 Touch Plan, which is a system strategically designed to touch<br />
everyone in your database 36 times a year. These touches include<br />
anything from a video email to a client appreciation event.<br />
What’s your favorite splurge, outside of the real estate industry?<br />
I love splurging on my wife and kids. We like to travel. We have a trip<br />
to Disney World planned this fall. I love taking golf trips and going<br />
to Chicago Bears games. This year, we’re going to away games in<br />
Philadelphia and Denver.<br />
What’s something you’re planning on directing more dollars to,<br />
in order to grow your business in 2020?<br />
I’m planning on growing my team from three to five, so that’s<br />
what I would like to direct more dollars towards. This will become<br />
additional leverage so I can continue to provide an exceptional<br />
client experience and still grow my business.<br />
GRACE GORO KAAGE<br />
@properties<br />
What’s the most effective way you spend<br />
money to build your business?<br />
I work primarily by referral, so I like to spend<br />
money giving back to my clients. I host<br />
five client events each year, ranging from<br />
a rooftop cocktail party to a Cubs outing,<br />
Pilates classes and more. I love sending little gifts to show my<br />
clients I’m thinking about them, and I value their support. Word<br />
of mouth has been more effective for me than any billboard or<br />
bus bench, so I work very hard to show my clients how much I<br />
appreciate them!<br />
What’s the most effective way you spend money to grow your leads?<br />
I use Adwerx digital ad campaigns to advertise directly to my<br />
database. That’s been super effective. I then direct clicks on those<br />
ads to my website where I have an IDX platform set up to capture<br />
those leads. I’ve also found farming in my neighborhood to be a<br />
great lead gen source for me. I use traditional postcards sent via<br />
snail mail for that!<br />
What’s your favorite splurge, outside of the real estate industry?<br />
I love to splurge on hosting parties or barbecues for my friends.<br />
I actually don’t really like to shop, so I tend to splurge more on dining,<br />
hosting parties and traveling with my husband — the fun stuff!<br />
What’s something you’re planning on directing more dollars to,<br />
in order to grow your business in 2020?<br />
Growth! I’ll be looking to fill an administrative role on my team to<br />
help me stay ahead. I know my strengths and weaknesses, and as I<br />
continue to grow, I need a quarterback to help me stay organized!<br />
BRITTANY BUSSELL<br />
and ANNIE BAUER<br />
@properties<br />
What’s the most effective way you spend<br />
money to build your business?<br />
Anything related to spending time with our<br />
clients and our annual client event. Unique<br />
and individualized client closing gifts. Taking<br />
the time for personal development to continue to learn and be a<br />
source of knowledge for our clients. But mostly, using automated<br />
marketing options such as Adwerx to be certain we are staying in<br />
front of our clients consistently, with very little maintenance or effort.<br />
What’s the most effective way you spend money to grow your leads?<br />
Marketing. We differentiate by creating collateral that may help<br />
sell a property, but also creates exposure for our brand. We use<br />
our listings as content to showcase how we create exposure<br />
and success for our clients. We also have a unique social media<br />
presence and billboard marketing.<br />
What’s your favorite splurge, outside of the real estate industry?<br />
Travel and shopping. A friend who understands the industry once<br />
told us, “Rather than rewarding yourself after a closing, reward<br />
yourself when a deal falls apart.”<br />
What’s something you’re planning on directing more dollars to, in<br />
order to grow your business in 2020?<br />
Hiring someone to manage our social media account as well as a<br />
transaction manager in order to scale our business and focus on<br />
income-producing activities. We want to focus solely on our clients<br />
and referral sources, building those relationships and continuing to<br />
grow our business.<br />
money to grow your leads?<br />
SANINA ELLISON<br />
Chicago Homes Realty Group<br />
What’s the most effective way you spend<br />
money to build your business?<br />
I spend on administrative help, marketing<br />
and tools to increase efficiency.<br />
What’s the most effective way you spend<br />
One of the most effective ways I increase our leads is by sponsoring<br />
events hosted by small businesses.<br />
What’s your favorite splurge, outside of the real estate industry?<br />
Food, shopping and travel. I love to travel. I plan to travel to at least<br />
one or two new countries a year. I work between vacations - four<br />
breaks a year is a must.
What’s something you’re planning on directing more dollars to,<br />
in order to grow your business in 2020?<br />
I plan to direct more dollars and effort towards professional video.<br />
Video is great way to market your brand and personality to attract<br />
like-minded individuals.<br />
MARTY WALSH and HEIDI ZIOMEK<br />
Dream Town Realty<br />
What’s the most effective way you spend<br />
money to build your business?<br />
Digging deeper into our sphere of<br />
influence and past clients. We like to<br />
reward the people and relationships that<br />
grow our business. We have found that<br />
blanket farming, print media and online lead generation don’t<br />
provide anywhere near the ROI that fostering stronger and more<br />
meaningful relationships with our sphere does.<br />
What’s the most effective way you spend money to grow your leads?<br />
Video and creating community-relevant content for social media.<br />
We run highly targeted social media campaigns. Also, anything that<br />
builds a relationship: coffee, lunch, a pop-by.<br />
What’s your favorite splurge, outside of the real estate industry?<br />
Neither of us really splurge but we both like to travel. We spend<br />
so much time taking care of others, we tend to forget we need to<br />
take care of ourselves. Getting out of town and having a chance<br />
to completely disconnect (no emails, no calls) really gives us the<br />
opportunity to recharge and be more engaged in our business<br />
when we return. If you’re in town, you rarely completely disconnect.<br />
Therefore, we try to get away. Focusing on a little “me time” is a<br />
healthy thing to do.<br />
What’s something you’re planning on directing more dollars to,<br />
in order to grow your business in 2020?<br />
Client engagement events. We are planning a couple of new events<br />
we hope will bring people together and remind them we care about<br />
them and our relationship over the long haul, and that we continue<br />
to provide service long after the transaction. We hope this will<br />
translate into more goodwill and referrals<br />
What’s your favorite splurge, personally/outside of the<br />
real estate industry?<br />
Traveling is always my favorite way to splurge.<br />
What’s something you’re planning on directing more dollars to,<br />
in order to grow your business in 2020?<br />
We’re going to continue putting money toward market awareness<br />
for the brand.<br />
DEVONTAE BROOKS<br />
Guaranteed Rate<br />
What’s the most effective way you spend<br />
money to build your business?<br />
I find it’s most effective to spend money<br />
on fun activities or events my partners<br />
and clients will enjoy. Life is all about<br />
new experiences — learn to say yes and<br />
countless doors of opportunity will open up. We have an important<br />
role in our clients’ lives, and we need to make sure we take time to<br />
smile and enjoy all the city has to offer.<br />
What’s the most effective way you spend money to grow your leads?<br />
Investing money into things I’m passionate about has been the<br />
most successful for me. I receive at least ten calls a week from<br />
companies trying to sell me leads. I don’t believe in paying for<br />
leads because the conversion is so low; it’s more effective to build<br />
real relationships with people and the leads will follow.<br />
What’s your favorite splurge, outside of the real estate industry?<br />
I enjoy traveling and new experiences.<br />
What’s something you’re planning on directing more dollars to,<br />
in order to grow your business in 2020?<br />
I plan on directing more money toward self-development in<br />
2020. It’s important to invest in yourself and continually develop<br />
transferrable skills. Albert Einstein said it best, “Life is like riding a<br />
bicycle. To keep your balance, you must keep moving.”<br />
JIM PSYHOGIOS<br />
Baird & Warner<br />
What’s the most effective way you spend<br />
money to build your business?<br />
As a managing broker, the most important<br />
part of my job is recruiting talented brokers.<br />
While it requires a lot of time, it doesn’t<br />
require the biggest budget, but it’s definitely<br />
the most important part of building the office.<br />
What’s the most effective way you spend money to grow your leads?<br />
The brokers in the office do a really great job on social media. They<br />
publish a lot of original content, but they also spend money on paid,<br />
targeted ads on different social media channels.<br />
www.ChicagoREALTOR.com 23
THE<br />
LESSONS FROM THE OTHER SIDE<br />
Real estate can chew you up and spit you out, if you let it — it’s a<br />
cutthroat business.<br />
Bobbi Howe, Keller Williams Kansas City North, knows this all too<br />
well. A second-generation REALTOR ® , she learned the business<br />
by watching her top-producing REALTOR ® mother excel in their<br />
community. Then, she got the call that changed the trajectory of<br />
her career - her mother had taken her life.<br />
We must know how to deal with the stress that comes from being<br />
in this industry. At our Lessons from Real Estate Masterminds<br />
event in May, Bobbi bravely shared her story, and the lessons<br />
she’s learned about balancing your demanding career with your<br />
personal life.<br />
LESSON 1: WORK-LIFE BALANCE<br />
IS A MISNOMER.<br />
Let’s just lay it out there: there are very few times in your life that<br />
you actually have work-life balance. “There are going to be times<br />
when your life will be extremely work heavy — and it’s going to<br />
suck,” Bobbi said. But you still have to take time for the other side<br />
of your life.”<br />
LESSON 2: YOU TEACH OTHERS<br />
HOW TO TREAT YOU.<br />
The day of her mother’s funeral, Bobbi had a client who wanted<br />
to see a house immediately. Bobbi communicated why she was<br />
unavailable and found a colleague who could accompany the client.<br />
“But Bobbi, you’re not going to be at the funeral all day.” In that<br />
moment, Bobbi realized that if she bent to their will, she would be at<br />
their beck and call forever. So, she taught them how to treat her —<br />
and they chose not to have a relationship at all.<br />
Set those expectations and then reinforce those boundaries. This is<br />
important — it gives you the space you need to have a life outside<br />
of real estate and permission to work with people who respect you.<br />
LESSON 3: YOUR PERCEPTION<br />
<strong>CR</strong>EATES YOUR REALITY.<br />
Think about what the words you say mean. “I am” statements create<br />
your reality and your destiny. Whatever you choose to state — I’m<br />
fine, I’m tired, I’m sad, I’m happy — that’s the energy you are putting<br />
out into the world. Your brain is a powerful organ, and it can do<br />
amazing things. Let your mindset work for you.<br />
Bobbi calls this the red time out button. Most people will respect<br />
and understand when you need to press pause — and those who<br />
don’t, don’t deserve to be in your life. This is important, because<br />
the purpose of business is to fund a perfect life. Bobbi’s perfect life<br />
is creating incredible life experiences with her six-year-old and her<br />
husband. Knowing that fuels her work, but it also gives her space<br />
to hit the pause button.<br />
This also applies to your business — do you have an abundance<br />
mentality, or a scarcity mentality? If you have a bad client, don’t<br />
stick with them just because you want their referrals after the<br />
transaction, or you feel like you are owed something from all<br />
the stress they’ve put you through. Everyone is the sum of the<br />
five people closest to them — do you really want referrals from<br />
someone who is terrible to you? Cut them loose, which will free you<br />
up to find people who actually want to buy and sell houses.<br />
24 Chicago REALTOR ® Magazine
LESSON 4: YOU ARE A BUSINESS<br />
OWNER. ACT LIKE ONE.<br />
Are you a lead generator — and if not, how do you stay in business?<br />
The number of leads you are generating is directly proportional to<br />
whether your business is growing, steady or dying. Bobbi loves the<br />
book Cash Flow Quadrant: Rich Dad’s Guide to Financial Freedom,<br />
by Robert Kiyosaki. She encourages you to stop looking at yourself<br />
as a self-employed REALTOR ® and start considering yourself a<br />
business. If you want to build true wealth, it’s worth a read and will<br />
help get you started.<br />
LESSON 5: FACE YOUR FEARS.<br />
“Fear can stand for one of two things: Forget Everything And Run,<br />
or Face Everything And Ride,” Bobbi said. What do you choose<br />
to do when fear comes at you? Bobbi reminds herself that worry<br />
is interest paid on a debt that may never become due. We are all<br />
guilty of stressing ourselves out over things that never come to<br />
bear. When we run into ceilings and life gets hard, we need to push<br />
through the pain and discover the greatness on the other side.<br />
LESSON 6: DON’T JUDGE YOUR<br />
INSIDES BY OTHER PEOPLE’S OUTSIDES.<br />
People on Facebook have one of two lives: everything is perfect, or<br />
everything is drama. The iceberg illusion is real: too often, we forget<br />
all the failure, sacrifice, disappointment, good habits and hard work<br />
that leads to success. Don’t be fooled…<br />
LESSON 7: THE STRUGGLE IS REAL.<br />
It’s not just a hashtag! When Bobbi’s mother died, her husband of<br />
several years didn’t even know she was on depression medication.<br />
Some of her friends called the FBI accusing him of murder, because<br />
they didn’t know the struggles she was having. Her mother never<br />
showed vulnerability and loved to pretend everything was perfect.<br />
“The sooner we accept that every single one of us has some<br />
struggle and the sooner we become transparent and vulnerable,<br />
the easier it is for all of us to heal each other,” Bobbi said.<br />
LESSON 8: IT TAKES A VILLAGE.<br />
It takes a village to raise a human being. We all need to know that<br />
people have our backs. But it’s hard to remember that — so don’t<br />
be afraid to ask for support if you need it. Similarly, let the people<br />
in your life know you support them, too — “because, dammit, we all<br />
need a village, whether we want to admit it or not.”<br />
BOBBI’S 12 STEPS<br />
TO SELF CARE<br />
1. If it feels wrong, don’t do it.<br />
2. Say exactly what you mean.<br />
3. Don’t be a people pleaser.<br />
4. Trust your instincts.<br />
5. Never speak bad about<br />
yourself.<br />
6. Never give up on your<br />
dreams.<br />
7. Don’t be afraid to say no.<br />
8. Don’t be afraid to say yes.<br />
9. Be kind to yourself.<br />
10. Let go of what you can’t<br />
control.<br />
11. Stay away from drama<br />
and negativity.<br />
12. Love.<br />
LESSON 9: TAKE TIME FOR THOSE<br />
WHO MATTER MOST.<br />
Bobbi is a self-admitted nerd. One of her favorite things to do is<br />
organize her paper calendar before the start of a new year. The very<br />
first things that go in there are her family vacations and one-onone<br />
time with her son. Next, she inputs her trips with her friends —<br />
because moms need a break, too. Third, she inputs her education and<br />
schedules out her classes. The rest fills in from there, but she doesn’t<br />
let anything get in the way of those three things that matter most to her.<br />
LESSON 10: IF YOU CAN FIX A<br />
PROBLEM WITH MONEY, IT’S NOT<br />
REALLY A PROBLEM.<br />
This is key. Some of the greatest stressors in our lives revolve<br />
around money — we have to change our mindset about it. There<br />
are a lot of problems that can’t be fixed with money, but those that<br />
can are only temporary issues. You can always go make more —<br />
especially in real estate!<br />
LESSON 11: TRAVEL EXPANDS YOU.<br />
Bobbi says the greatest times of your life will come when you put<br />
yourself outside your comfort zone. Her mother never took trips<br />
— she just worked, and she missed out on a lot. Travel can forever<br />
change you — let it.<br />
LESSON 12: YOUR HEALTH IS YOUR<br />
MOST VALUABLE ASSET.<br />
If you don’t have your health, none of the rest matters! It’s not only<br />
about the body — you also have to take care of your brain. Start by<br />
finding a mechanism to overcome the negative thoughts that you<br />
have about yourself.<br />
LESSON 13: NEVER STOP GROWING.<br />
When a plant stops growing, it starts dying. It’s the same with<br />
people. Bobbi puts together a growth plan, and every month she<br />
lists three things she wants to accomplish. Usually, she runs a race<br />
and tries to read a book. Then she fills in something else — learn<br />
to knit, take a class or anything else that pushes her to continue<br />
growing. Put together your list, and see what you can accomplish.<br />
LESSON 14: IT’S NOT ALL ABOUT YOU.<br />
Do you come from a place of cooperation or competition? Bobbi’s<br />
mom always approached from a place of competition. Bobbi could<br />
have put a million dollars under contract, and her mom would<br />
respond with, “Well, I put 1.5 million under.” One upping each<br />
other doesn’t help anyone. Come from a place of cooperation<br />
and giving back to one another.<br />
LESSON 15: NEVER TAKE ANYONE<br />
OR ANYTHING FOR GRANTED.<br />
You never know what the last moment with someone will be.<br />
You never know the last words you’ll say to someone, or your last<br />
interaction. Make sure it’s a positive one.<br />
Watch Bobbi’s presentation from our spring Member Outreach and purchase<br />
her recommended book: Cash Flow Quadrant by Robert Kiyosaki.<br />
www.ChicagoREALTOR.com 25
Your Clients<br />
Time and time again, these experts<br />
reiterate the importance of establishing and<br />
maintaining trusted relationships with their<br />
clients. They dedicate time to keeping in<br />
touch with their network via phone, email<br />
and text. These super stars ensure clients<br />
know and feel like they’re a priority.<br />
“Anytime we meet with someone, we<br />
say, ‘This is how the search process<br />
works.’ We’ll do our first meeting,<br />
we’ll get a feel for what they’re<br />
looking for, and then the first action<br />
step after that is a tour day. A tour<br />
day is where we set up back-to-back<br />
their top five favorite properties. Then<br />
after that day, it’s one-off showings.<br />
As soon as we started explaining it<br />
to people that way, it made<br />
people get organized.”<br />
BREAKFASTS:<br />
14 BUSINESS<br />
BITES<br />
TO TAKE HOME<br />
MELANIE EVERETT<br />
Melanie Everett &<br />
Company<br />
On the last Wednesday of each month, we gather in the<br />
bright, homey confines of Manny’s Deli. Seated among the<br />
aromas of pastrami and bagels, we enjoy a fresh breakfast<br />
buffet and listen to successful Chicago REALTORS ® ’ industry<br />
tips, tricks and tactics which have stood the test of time.<br />
Here’s what we’ve learned so far this year.<br />
“When sharing your listing research,<br />
it’s important to show and tell a<br />
story. Describe how the property has<br />
changed, talk through how you see<br />
its story changing for the future. Talk<br />
possibilities and use facts and<br />
figures to support them.”<br />
KEVIN VAN ECK<br />
@properties<br />
“I’m a giving person, so I tell my team<br />
to make our seller feel like they’re<br />
our only client. We want to know<br />
more about their listing than they do,<br />
so they trust our expertise. Even if we<br />
haven’t signed any contracts, I walk<br />
through their rooms, comparing paint<br />
swatches. I show them how<br />
much I care.”<br />
JENNIFER AMES<br />
Engel & Völkers Chicago<br />
“I use the MLS, and I communicate to<br />
my buyers that I’m going to set them<br />
up with what I call the Holy Grail so,<br />
they have access to the most updated,<br />
accurate, real-time information<br />
available to them. I tell them if they<br />
feel the need to go rogue and<br />
searching on other websites, whatever<br />
they find, send me exactly what<br />
they’re interested in seeing. Then, I can<br />
research it on their behalf, and it’s a<br />
good way to stay in communication<br />
with my buyers. I welcome that as a<br />
way to know what they’re<br />
interested in.”<br />
SAM SHAFFER<br />
Chicago Properties Firm<br />
26 Chicago REALTOR ® Magazine
“We’re in an “Amazon” age where<br />
people expect things immediately, so<br />
I try to answer my emails or phone<br />
pretty quickly. Even if it’s just to get a<br />
meeting on the books, I set up a call<br />
or a face-to-face before I vet them or<br />
do any research. People like that. And<br />
whether it’s during that initial contact<br />
or in the first meeting, I try to find their<br />
true motivations for buying or selling<br />
their home. This helps with managing<br />
expectations and finding<br />
solutions down the road.”<br />
Your Team<br />
BRAD LIPPITZ<br />
Compass Real Estate<br />
When your workload begins to exceed<br />
your own capacity, it may be time to build<br />
your team. These team-building super<br />
stars shared differing stories of growth<br />
and expansion, but their priorities are<br />
similar: they believe in consistent systems<br />
of accountability, talent retention and a<br />
shared, positive team culture.<br />
“We do different contests. It’s not like<br />
‘who has the most sales’ because<br />
that’s not everyone’s gig. Instead, we’ll<br />
do ‘who can secure the most coffee<br />
meetings or phone calls.’ For example,<br />
my team member Brian won recently,<br />
and I took him out for lunch. So, I’m<br />
setting up and following<br />
through with rewards.”<br />
JILL SILVERSTEIN<br />
Compass Real Estate<br />
“Before you start a team, be on a<br />
team. Find someone at your brokerage<br />
who you look up to— someone whose<br />
business you want to emulate— and<br />
ask if you can be on their team. There’s<br />
no question I could not have run a team<br />
had I not been on one in the first place.<br />
I saw how the team structure worked, I<br />
saw the type of questions they<br />
were asking the team leader,<br />
and so on.”<br />
DANNY LEWIS<br />
Dream Town Realty<br />
“People always say, ‘Oh, if I could just<br />
hire me again.’ That could not be more<br />
false. At the end of the day, you’ve got<br />
to hire someone who’s not you, who is<br />
going to do the things you’re not good<br />
at and you’re not going to do. Typically,<br />
we’re entrepreneurs, we’re people<br />
persons, etc., so you need to find a<br />
comprehensive person who is going to<br />
do the paperwork and the behind-thescenes<br />
things so you can be<br />
face-to-face with people.”<br />
JOE ZIMMERMAN<br />
Keller Williams Chicago —<br />
Lincoln Park<br />
“The whole point of a team is to help<br />
each other out. We hold team<br />
meetings; everybody is involved and<br />
knows what’s going on with each other’s<br />
deals. We cover open houses and do<br />
whatever we can to make sure we see<br />
the whole process through.<br />
That helps our culture and<br />
creates continuity.”<br />
NICK NASTOS<br />
Fulton Grace Realty<br />
Your Business & You<br />
We live in a world of options — which isn’t<br />
always a good thing. How can you and<br />
your business stand out? How can you be<br />
more than just another email, just another<br />
needless phone call, just another face<br />
talking about inventory or just another<br />
broker who can “get you top dollar?” The<br />
answer is more personal than you realize:<br />
it’s you. Get in touch with your story, own<br />
your value proposition and communicate<br />
what makes working with you worth it.<br />
“To speak about authenticity, I believe<br />
in reaching out to people about what’s<br />
relevant to my relationship with them.<br />
It could be a past sale or a resource that<br />
I know they need versus telling them<br />
about daylight savings time. It also means<br />
you’re setting your priorities; there’s only<br />
so much we can do in a day. Develop<br />
good habits. I try— emphasis on<br />
try— to reach out to one or<br />
two people per day.”<br />
KAREN BIAZAR<br />
North Clybourn Group, Inc.<br />
“You’re always going to get a question<br />
every day you’re out in the field. The<br />
question is: how’s the market? Part of<br />
your daily homework is to<br />
leave your house and have<br />
a very compelling answer.”<br />
RICK SOBIN<br />
@properties<br />
“You have to find what makes you<br />
irreplaceable. Every one of us has a<br />
talent that makes us irreplaceable. You<br />
have to find how that goes with real<br />
estate. Mine is math and construction.<br />
When I speak to a client, that’s my<br />
angle. My partner is an interior designer,<br />
that’s her angle. Find out what your<br />
added value is to this industry and to<br />
your clients, and really hammer that in.<br />
That’s how you’re going to<br />
get referrals!”<br />
JASON STRATTON<br />
Berkshire Hathaway<br />
HomeServices KoenigRubloff<br />
“I think you need to be honest about the<br />
market. You’re out there seeing what’s<br />
happening, so yes, you can look at all<br />
the stats, but when it comes down to it,<br />
your market is unique. You have the<br />
expertise. You just have to approach it in<br />
a very honest way, give your feedback,<br />
and make your clients feel<br />
comfortable. Be transparent<br />
and help them make the<br />
right decision.”<br />
BARI LEVINE<br />
@properties<br />
“Look within and ask yourself, ‘What<br />
skill do I not have?’ I looked at myself<br />
at the end of 2008, and I realized I<br />
really sucked at pricing. I realized<br />
I was wrong about price all the<br />
time. That’s when I developed this<br />
reputation among colleagues as<br />
being Mr. Market Guy, because I got<br />
really real about what the market<br />
does and how it works and<br />
how I watch it.”<br />
PHIL BYERS<br />
Keller Williams Chicago —<br />
Lincoln Park<br />
www.ChicagoREALTOR.com 27
WELCOME TO<br />
PULLMAN<br />
Pullman is the only one of Chicago’s 77<br />
neighborhoods to have city, state and<br />
national landmark status. Located on the<br />
south side, right in between 103 rd Street and<br />
115 th Street, Pullman is filled with residents<br />
who take pride in the neighborhood’s rich<br />
history and incredible architecture — and<br />
on the first Sunday of every month between<br />
May and October, visitors flock to the<br />
Pullman walking tour to get an up-close<br />
look at the historic district themselves.<br />
A CASE STUDY<br />
FOR URBAN<br />
DEVELOPMENT<br />
In 2015, President Barack Obama named<br />
Pullman a National Monument. You don’t<br />
have to spend long in the neighborhood<br />
to understand why. In addition to the<br />
magnificent architecture, the neighborhood<br />
is a case study for innovation and urban<br />
development. Murals, museums and<br />
longtime residents are quick to tell the<br />
story of how it came to be.<br />
George Pullman, an engineer, came to<br />
Chicago in the 1880s to help raise the city’s<br />
buildings to improve its sanitation, although<br />
he became famous for his Pullman Palace<br />
Car Company, a line of exquisite train cars<br />
designed to make long distance travel<br />
more comfortable. Pullman was able to<br />
get his train cars on tracks throughout the<br />
country, bringing luxury to the railroads.<br />
Pullman took his business a step further by<br />
building a community for his employees.<br />
Just like he elevated the train cars, he<br />
wanted to elevate the types of towns<br />
laborers typically lived in. He envisioned a<br />
well-structured town that was stylish, safe<br />
and known for the excellence of its people<br />
and infrastructure. Pullman worked with<br />
architect Solon Spencer Beman to design<br />
28 Chicago REALTOR ® Magazine
approximately 900 attractive row homes<br />
with modern amenities and created strict<br />
rules and guidelines for residents. Like a<br />
true businessman, however, none of this<br />
was for free. Pullman charged high rents,<br />
built a church from which his company<br />
accepted six percent of the profits, built<br />
shopping centers with moderate to<br />
high prices and opened a hotel, which<br />
included the only bar in town. Pullman’s<br />
development became the first successful<br />
planned industrial town in the country.<br />
However, things took a turn after the<br />
Panic of 1893, when railroads across the<br />
nation began to fail – they were overbuilt,<br />
the companies missed many of their<br />
exorbitant bank payments and drought<br />
struck, causing farmers to reduce their<br />
need for railroads. Pullman cars were no<br />
longer in demand, and naturally, jobs were<br />
lost. Pullman drastically decreased the<br />
pay of the workers who remained, but to<br />
keep his business afloat, he elected to<br />
keep rent prices as they were. As a result,<br />
a strike ensued, and people around the<br />
country boycotted the Pullman Company<br />
altogether. The strike became so intense,<br />
the U.S. military got involved to maintain<br />
order. Much of Pullman’s legacy as an<br />
innovator and businessman was tarnished<br />
by the time he passed away in 1897.<br />
Despite the Pullman Strike, residents took<br />
great pride in their neighborhood. When<br />
the railroad industry declined in the 1960s,<br />
for instance, and a planned industrial park<br />
was set to replace the historic homes of<br />
Pullman, residents fought back. Because<br />
of its residents, Pullman has been named<br />
a city, state and national landmark to help<br />
keep its history alive, architecture intact<br />
and homes in place for the diverse laborers,<br />
artisans and businessmen and women who<br />
proudly live there today.<br />
Historic Preservation<br />
If you happen to be in town in mid-October,<br />
in addition to a walking tour, you can<br />
check out the annual Historic Pullman<br />
House Tour, held by the Pullman Civic<br />
Organization and the Historic Pullman<br />
Foundation. Each year, residents open their<br />
doors and allow the neighborhood’s visitors<br />
to get an inside look at the historic homes.<br />
The proceeds from the tour go towards the<br />
preservation of the community.<br />
Many visitors flock to view the<br />
neighborhood’s row homes, which<br />
hold much of their old charm. However,<br />
throughout Pullman, you can find a few<br />
large apartment buildings, some two-tosix<br />
flat buildings and many single-family<br />
homes. The Beman Committee of the<br />
Pullman Civic Organization, which releases<br />
guidelines to homeowners to help maintain<br />
the integrity of homes, says the homes<br />
are mostly made of brick and clay from<br />
www.ChicagoREALTOR.com 29
nearby Lake Calumet. Mansard roofs<br />
are another characteristic of homes in<br />
the neighborhood as well as decorative<br />
wooden and limestone elements.<br />
In Historic Pullman, drastic cosmetic<br />
changes to homes are discouraged, if not<br />
outright prohibited. Windows, porches and<br />
staircases, for example, are to be repaired<br />
and maintained instead of replaced.<br />
In fact, permits are required for most<br />
construction in the neighborhood. While<br />
the rules may seem rigid, they help keep<br />
the sense of pride and integrity for which<br />
the neighborhood and its residents have<br />
become well-known.<br />
Development<br />
While Pullman is historic, it’s not stuck in<br />
time. As much as the neighborhood works<br />
to preserve its history, it also welcomes<br />
development — after all, it was founded<br />
because of business and innovation.<br />
The Pullman Artspace Lofts are Pullman’s<br />
first large residential development in the<br />
last fifty years. The affordable units are<br />
designed with artists and their families in<br />
mind. The development, which began in<br />
late summer of 2018, will include about<br />
forty units and lots of exhibition space.<br />
While residents are happy the project will<br />
bring new jobs to the neighborhood, they<br />
are also hoping it doesn’t distract from<br />
Pullman’s historic appeal.<br />
In recent years, the neighborhood<br />
has welcomed Whole Foods and the<br />
Method soap company. The Method<br />
building brought a wind turbine and solar<br />
tracking trees to its facilities. Its rooftop<br />
houses Gotham Greens, which provides<br />
Pullman and the larger Chicago area with<br />
chemical-free produce.<br />
Living Here<br />
Pullman is quieter than many Chicago<br />
neighborhoods. It’s not filled with a lot<br />
of trendy new restaurants or bars. Most<br />
residents get around by car, train or bus<br />
via the Pullman Metra on 111 th and Cottage<br />
Grove. Still, there are a few classic,<br />
must-visit places as well as some very<br />
interesting things to do, see and get<br />
involved with.<br />
Learn<br />
The Pullman National Monument, or<br />
Pullman District, is where you can see<br />
how Pullman came to be. Administration<br />
buildings, Hotel Florence and the Clock<br />
30 Chicago REALTOR ® Magazine
Tower, each built in the late 1800s, are just<br />
some of the highlights of the historic site.<br />
To learn more about how Pullman<br />
went from an idea to the first planned<br />
urban community of its kind, visitors are<br />
encouraged to visit the Historic Pullman<br />
Foundation to watch videos and get<br />
tours of the town. The National A. Philip<br />
Randolph Pullman Porter Museum offers a<br />
closer look at the Brotherhood of Sleeping<br />
Car Porters (BSCP). BSCP was comprised<br />
of black Pullman porters, some who were<br />
formerly enslaved, and it became the first<br />
African American labor union. BSCP went<br />
on to play a significant role in the national<br />
labor and civil rights movements.<br />
See<br />
To give a full picture of the neighborhood,<br />
the Historic Pullman Foundation offers a<br />
walking tour on the first Sunday of every<br />
month from May through October. This<br />
tour gives visitors of a glimpse of how<br />
Pullman used to be, how it is today and<br />
what it will become after all the planned<br />
restorations are complete.<br />
While Pullman was once a dry community,<br />
it’s now well-known for Argus Brewery,<br />
built in 2009. The brewery gets rave<br />
reviews for its selection and tours, and<br />
it takes great pride in doing it all on the<br />
south side of Chicago.<br />
Do<br />
Pullman residents keep busy through<br />
numerous community groups. Outside<br />
of the Garden Club and Pullman Civic<br />
Organization’s Beman Committee, there’s<br />
also the following: The Cooperation<br />
Operation, which is fighting for food justice,<br />
PullmanArts, which helps bolster Pullman’s<br />
historic and contemporary reputation as<br />
an arts hub, the Pullman Beekeepers, who<br />
oversee several local colonies, and the Gay<br />
and Lesbian Association Pullman, which<br />
holds social gatherings all year long. Each<br />
group works diligently to protect, preserve<br />
and promote Pullman.<br />
In Pullman, many residents are families<br />
who have been there for generations,<br />
but it has also become an attractive<br />
neighborhood for those impressed by<br />
its history, small town-feel and newer<br />
developments. Pullman isn’t flashy. It isn’t<br />
loud. It doesn’t tout itself on glamour.<br />
Instead, it’s historic. It’s close-knit. It’s<br />
proud. And if any of that sounds appealing<br />
to you — it’s home.<br />
One thing to take notice of during<br />
the walking tour is the green space.<br />
George Pullman insisted on there being<br />
green space throughout his industrial<br />
community — and green space remains<br />
an important piece of Pullman today.<br />
While flower beds are plentiful, the<br />
Historic Pullman Garden Club, made up of<br />
dozens of local volunteers, oversees four<br />
gardens throughout the neighborhood.<br />
Countless visitors go to the beautifully<br />
maintained Arcade Park, Gateway Garden,<br />
Rose Garden and Allée Papillon sites<br />
each year. The gardens are so impressive<br />
that Pullman residents and people from<br />
all over attend the Annual Garden Walk,<br />
which the Garden Club has hosted for the<br />
past twenty-five years.<br />
Eat and Drink<br />
Although it only opened in 2015, the<br />
Pullman Café has become a staple in the<br />
neighborhood. The café is appreciated for<br />
more than just its convenience. The owner<br />
was intentional about making it blend in<br />
with the historical vibe that Pullman is<br />
known for. Just as importantly, its menu is<br />
simple yet delicious. Plus, the vegetables<br />
and herbs come from Pullman’s own<br />
Gotham Gardens.<br />
www.ChicagoREALTOR.com 31
Bookshelf<br />
Well Read<br />
The business and leadership books we just<br />
can’t seem to put down (or stop quoting!)<br />
What Customers Crave:<br />
How to Create Relevant and<br />
Memorable Experiences at<br />
Every Touchpoint<br />
by Nicholas J. Webb<br />
Leaders Eat Last: Why<br />
Some Teams Pull Together<br />
and Others Don’t<br />
by Simon Sinek<br />
The Hard Things About<br />
Hard Things: Building a<br />
Business When There Are<br />
No Easy Answers<br />
by Terri Morrison & Wayne A. Conaway<br />
Essentialism: The Disciplined<br />
Pursuit of Less<br />
by Greg McKeown<br />
Who Thought This Was a Good<br />
Idea? And Other Questions You<br />
Should Have Answers to When<br />
You Work in the White House<br />
by Alyssa Mastromonaco<br />
Becoming a Real Estate Agent<br />
by Tom Chiarella<br />
Featuring Chicago’s very own<br />
{ Antje Gehrken of A.R.E. Partners! }<br />
32 Chicago REALTOR ® Magazine
Getting in front of legislators and standing up for the real estate<br />
industry is in the fabric of our Association. We’re so proud of the<br />
REALTORS ® who have answered the call so far.<br />
Association News<br />
#ThatsWhoWeR:<br />
Chicago REALTORS ® Show Their Advocacy<br />
This past May, the Chicago Association of REALTORS ® board<br />
attended the 2019 Mayoral Inauguration to welcome Chicago’s new<br />
leadership and show our commitment to working with them to<br />
protect private property rights.<br />
“Being in the room during such an historic event was inspiring,”<br />
Nykea Pippion McGriff, Dream Town Realty broker and Chicago<br />
Association of REALTORS ® treasurer, said. “The energy and<br />
conversations were filled with a sense of hope for a better future<br />
for the city of Chicago.”<br />
CAR President-elect Maurice Hampton, Centered | RCG, Rebecca Thomson, Thomson Real Estate<br />
Group, Megan Oswald, Real Living City Residential, Nykea Pippion McGriff, Dream Town Realty, and<br />
Tracey Williams, TEAM Real Estate Services.<br />
REALTORS ® Giving Back<br />
In June, the Chicago Association of REALTORS ® Foundation<br />
hosted a Blood Drive at the CAR Central and West Towns offices,<br />
in support of the American Red Cross. Thank you to those who<br />
donated blood — your gift truly saves lives!<br />
Chicago REALTOR ®<br />
Gains CIPS Designation<br />
in Thailand<br />
Christopher Edwards, Redfin, achieved his Certified International<br />
Property Specialist designation in Thailand in July. The class overlapped<br />
with our recent trade mission, further enhancing his educational<br />
experience! Congratulations Christopher!<br />
Top left: Anthony Nowak, Century 21 Affiliated; Right: Drussy Hernandez, Fulton Grace Realty;<br />
Bottom left: Bob Eby, Century 21 Affiliated.<br />
CAR’s Trade Mission delegates congratulate Christopher Edwards on his CIPS designation.<br />
www.ChicagoREALTOR.com 33
REALTOR ® Day<br />
AT T HE<br />
Museum<br />
We were thrilled to welcome so many of you and your families<br />
to our special member outreach and annual business meeting:<br />
REALTOR ® Day at the Museum of Science and Industry!<br />
YOU TOLD YOUR<br />
REALTOR ® STORY<br />
Thank you to everyone who<br />
stopped by our “That’s Who We R”<br />
booth and told your unique story.<br />
We also enjoyed learning what<br />
your kids think you do all day! Our<br />
interactive photo booth gave you<br />
the chance to be on the cover of<br />
<strong>CR</strong> Magazine. Photos and videos<br />
from the event are now available<br />
at ChicagoREALTOR.com. Enjoy<br />
being inspired by your peers!<br />
YOU SHARED YOUR NEIGHBORHOOD<br />
AND GOT YOUR STATS<br />
Thank you for sharing where you live and work on our<br />
neighborhoods map! We enjoyed shining a spotlight on our easy<br />
to use statistical tools, like FastStats’ Neighborhood Reports.<br />
We hope you will share these with your clients! Explore all<br />
the technology and tools we have available for you to learn<br />
more about your community and stay up to date on all 77 of<br />
Chicago’s neighborhoods, at ChicagoREALTOR.com/Statistics.<br />
34 Chicago REALTOR ® Magazine
YOU KICKED BACK IN<br />
OUR LISTENING LOUNGE<br />
We asked you to sit back, relax and learn! Our Listening Lounge<br />
highlighted just a few of the podcasts, videos and digital tools<br />
we have for learning-on-the-go, perfect for your busy lives.<br />
Best of all, these are tools that are available to you 24/7 — with<br />
more being added in the year to come! You’re invited to check<br />
out clips from the Chicago REALTORS ® podcast series and watch<br />
videos from our Learning Library on ChicagoREALTOR.com — and<br />
coming soon to Alexa!<br />
YOU <strong>CR</strong>EATED YOUR VISION BOARD<br />
IN THE RRES LEARNING LAB<br />
We love to help you with your goals for the year — but<br />
first you have to have a plan. Our interactive REALTORS ®<br />
Real Estate School booth invited you to create your<br />
vision board for the year to come, with information<br />
about how we can help with your education goals.<br />
We’re here to help you succeed with whatever your<br />
business and education goals are — from investing and<br />
negotiation, to staging, marketing and more!<br />
POWER UP YOUR ADVOCACY<br />
& COMMUNITY INVOLVEMENT<br />
YOU FLEXED YOUR<br />
LEADERSHIP SKILLS +<br />
LEARNED HOW WE CAN<br />
HELP YOU GROW<br />
Thank you for sharing how you<br />
demonstrate leadership in our<br />
communities! We loved hearing how<br />
you get involved. We also shared ways<br />
you can get involved at CAR, whether<br />
by volunteering in our community,<br />
serving on a committee, signing<br />
up for microvolunteering<br />
opportunities or taking advantage<br />
of our scholarships to further<br />
your education. We love talking<br />
about all the resources we have<br />
to help you develop and flex your<br />
leadership muscle.<br />
We also shared how RPAC and our Government Affairs team empowers you to<br />
do business better. Our efforts, and your RPAC investments, help to safeguard<br />
our industry and your clients.<br />
We were also thrilled to introduce<br />
you to our new placemaking<br />
initiatives! We’re helping beautify<br />
and activate three different areas<br />
of our city, which will benefit the<br />
surrounding areas in a positive way.<br />
Learn more about all the tools and services<br />
available to you at ChicagoREALTOR.com.<br />
www.ChicagoREALTOR.com 35
Special Advertising Section<br />
INDUSTRY PARTNERS<br />
GREATER<br />
Asian Real Estate Association of America (AREAA) - Greater Chicago<br />
areaa.org/greaterchicago/ @AREAAchicago @areaagreaterchicago<br />
As part of its Sip, Shmooze, and Study series, AREAA Greater Chicago held several events, including a new<br />
construction event at the Superior House sales center in June, a commercial event in August and a Women in<br />
Leadership event in September. These events are content-driven and provide a great opportunity for networking<br />
and best practice exchanges. We were also proud to have hosted a night at the White Sox this summer!<br />
36 Chicago REALTOR ® Magazine<br />
FIABCI-Midwest, the International Real Estate Federation<br />
fiabciusamember.com<br />
@FIABCIMidwest<br />
FIABCI is your ticket to the international real estate marketplace! Join us from December 4-7, as FIABCI<br />
Belgium hosts the Global Business Summit in Ghent, Belgium. Not a member yet? There is still time to take<br />
advantage of 2019 special pricing. For more info, please contact President Dee Dee Blizard at<br />
info@globalrealestateconsulting.com<br />
National Association of Gay and Lesbian Real Estate Professionals (NAGLREP) – Chicago<br />
facebook.com/groups/NAGLREPChicagoChapter/<br />
NAGLREP Chicago is proud to announce its new Chapter President, Curtis Hunt. Curtis is a broker with Coldwell<br />
Banker Residential. We are very excited to have him lead our chapter and take NAGLREP Chicago to new heights!<br />
National Association of Hispanic Real Estate Professionals (NAHREP) – Chicago Chapter<br />
www.nahrepchicago.org/<br />
@nahrepchicago<br />
To continue spreading the message of the Hispanic Wealth Project, we’re proud to partner with L’ATTITUDE<br />
at the 2019 NAHREP National Convention in San Diego, from September 26-29. L’ATTITUDE is an event that<br />
highlights Latino buying power, political capitals and technological innovations propelling the American<br />
economy forward.<br />
NAREB Chicago Chapter / Dearborn REALTIST ® Board (DRB)<br />
https://chicagorealtist.com/<br />
@chicagorealtist<br />
A Receiver is someone a judge appoints to oversee a property when the owner fails to do so. This June, the<br />
Dearborn REALTIST ® Board hosted our third Receivership Training and Designation Class in conjunction with the<br />
City of Chicago. The six-day course, held at East West University, was free to students. This year, 104 graduates<br />
were presented with the Receivership Institute Specialist (RIS) Designation.<br />
Real Estate to the Rescue (RTTR)<br />
https://realestatetotherescue.com/ @RealEstatetotheRescueChicago @realestatetotherescue<br />
Thanks to ticket sales, sponsorship, raffles and auction items, RttR raised nearly $ 25,000 at our largest<br />
fundraising event of the year. This will help save thousands of Chicagoland’s homeless animals from euthanasia!<br />
We’re working on serval other initiatives to serve the Chicagoland real estate community and its pets. Visit our<br />
website or social media pages for updates, and look out for our Merchandise Mart event this October.<br />
Women’s Council of REALTORS ® (W<strong>CR</strong>) – Chicago<br />
www.wcr.org/network-sites/illinois/chicago/ @W<strong>CR</strong>Chicago @W<strong>CR</strong>_Chicago<br />
Why join the Women’s Council of REALTORS ® - Chicago? We’re recognized as the voice for women in real<br />
estate, and the premier source for the development of leaders in the industry and beyond. 70 percent of<br />
members say they’ve become a stronger leader and developed advanced leadership skills for their business,<br />
community and personal life, as a result of their involvement. Join today at wcr.org!<br />
Veterans Association of Real Estate Professionals (VAREP) – Chicago Chapter<br />
https://varep.net/<br />
@VAREPChicago<br />
For the third year in a row, your Chicago VAREP Board attended our National Policy Conference in Washington, D.C.!<br />
Each year, we bring the most pertinent policy issues before our Illinois Congressional Representatives and<br />
Senators. At this year’s conference, we met with twelve representatives to discuss all four of our key policy issues.<br />
For more information on how to get involved, please reach out to our president, Rachel Scheid, 312-758-4923.
Special Advertising Section<br />
VAREP - Chicago Chapter<br />
Real Estate to the Rescue<br />
AREAA Greater Chicago<br />
Real Estate to the Rescue<br />
NAHREP Chicago Chapter<br />
Dearborn REALTIST ® Board<br />
VAREP - Chicago Chapter<br />
www.ChicagoREALTOR.com 37
NAR Legislative Meetings:<br />
Why They Matter<br />
In May, over 70 Chicago REALTORS ® traveled to Washington, D.C.<br />
to attend the National Association of REALTORS ® 2019 Legislative<br />
Meetings to represent our interests and those of your clients. We<br />
spent time with our Chicago and Illinois legislators, educating them<br />
on what matters most to our industry and the well-being of private<br />
property rights.<br />
Our REALTOR ® Federal Political Coordinators and their teams met<br />
with our legislators and advocated for the following:<br />
• FLOOD INSURANCE — Reauthorizing and reforming the<br />
National Flood Insurance Program (NFIP) to strengthen the<br />
program’s solvency.<br />
• QUALIFIED OPPORTUNITY ZONES (QOZS) — Ensuring the<br />
success of QOZs, which encourages development and job<br />
creation in economically distressed communities through<br />
tax incentives for investment in these areas. Learn more about<br />
Chicago’s QOZs in the Summer 2019 issue of <strong>CR</strong> Magazine,<br />
now online at ChicagoREALTOR.com.<br />
• INFRASTRUCTURE — Enhancing property values by creating<br />
livable communities and business districts through<br />
infrastructure improvement policy that reflects a broad<br />
community vision and a level playing field for both highway<br />
and public transit funding.<br />
• TECHNOLOGY, DATA PRIVACY & SECURITY — Passing<br />
effective data privacy legislation that not only establishes<br />
uniform standards for businesses, but also equal protection<br />
for consumers, while focusing on transparency and consumer<br />
choice.<br />
and rates across the country. Read NAR’s Vision for Housing<br />
Finance Reform at ChicagoREALTOR.com.<br />
• TAXATION — Extending expired Mortgage Debt Cancellation<br />
Tax Relief, fixing the marriage penalty on the state and local<br />
tax (SALT) deduction cap, and indexing to inflation the<br />
$<br />
750,000 cap on mortgage interest deduction and the capital<br />
gains exclusion on the sale of a principal residence<br />
• FAIR HOUSING — Supporting H.R. 5, the Equality Act, which<br />
adds fair housing protections based on sexual orientation and<br />
gender identity.<br />
MEET YOUR FEDERAL POLITICAL<br />
COORDINATORS (FPCS)<br />
U.S. SENATE:<br />
Senator Dick Durbin<br />
Senator Tammy Duckworth<br />
U.S. HOUSE OF REPRESENTATIVES:<br />
Rep. Bobby Rush<br />
Rep. Robin Kelly<br />
Rep. Dan Lipinski<br />
Learn about each<br />
of these issues<br />
Matt Farrell<br />
Nancy Suvarnamani<br />
Nykea Pippion McGriff<br />
Tonya Corder<br />
John C. Kmiecik<br />
CAR FPCS<br />
CAR FPCS<br />
• HEALTH INSURANCE + ASSOCIATION HEALTH PLANS —<br />
Expanding access to Association Health Plans to provide high<br />
quality, lower cost coverage alternatives to many REALTORS ®<br />
and their families.<br />
• FANNIE & FREDDIE REFORM — Reforming our housing<br />
finance system to ensure equal access to mortgage products<br />
Rep. Jesus “Chuy” Garcia<br />
Rep. Mike Quigley<br />
Rep. Danny Davis<br />
Rep. Brad Schneider<br />
Sonia Anaya<br />
Tommy Choi<br />
Tracey Williams<br />
Matt Silver<br />
Real estate accounts<br />
for<br />
1/5<br />
the GDP.<br />
38 Chicago REALTOR ® Magazine<br />
84 %<br />
of non-home<br />
owners want<br />
to own one inthe future.<br />
Commercial<br />
real estate<br />
supported<br />
8.3 million<br />
American jobs<br />
in 2018.
Matt Silver, Urban Real Estate, Zeke Morris, EMA Realty and Management, Dont’a Taylor,<br />
A.R.E. Partners, Carole Kaptur, National Association of REALTORS ® , Michael Gobber,<br />
Century 21 Affiliated, Carrie Little, CarMarc Realty Group, LLC, Michael Williamson,<br />
SperryCGA-Ellermann Brokerage, Michelle Mills Clement, Chicago Association of<br />
REALTORS ® , Sarah Ware, Ware Realty Group, Nykea Pippion McGriff, Dream Town Realty,<br />
Tommy Choi, Keller Williams Chicago – Lincoln Park, Naja Morris, @properties, Jacob Knabb,<br />
Chicago Association of REALTORS ® , Jana Herdova, Regency REALTORS ® , Brian Bernardoni,<br />
Chicago Association of REALTORS ® , and Maurice Hampton, Centered | RCG<br />
Representative Jesús G. “Chuy” García, IL- 4 th District<br />
Zeke Morris, EMA Realty and Management, and<br />
Sonia Anaya, America Real Estate<br />
NATIONAL ASSOCIATION OF REALTORS ®<br />
2019 LEGISLATIVE MEETINGS<br />
Matt Farrell, Urban Real Estate<br />
U.S. Senator Dick Durbin, Illinois, and<br />
Illinois REALTORS ® President-elect Ed Neaves<br />
Sarah Ware, Ware Realty Group<br />
Illinois REALTORS ® President-elect Ed Neaves,<br />
U.S. Senator Tammy Duckworth, Illinois, and<br />
Nancy Suvarnamani, Century 21, S.G.R., Inc.<br />
Thank you<br />
to the CAR members who made the<br />
trip to Washington D.C. to advocate for<br />
our industry!<br />
Matt Difanis, RE/MAX Realty Associates, Zeke Morris, EMA Realty and Management, Jana Herdova, Regency REALTORS ® , Sarah Ware, Ware Realty Group,<br />
Carole Kaptur, National Association of REALTORS ® , Michael Williamson, SperryCGA-Ellermann Brokerage, Michelle Mills Clement,<br />
Chicago Association of REALTORS ® , Representative Bobby Rush, IL - 1 st District, Nykea Pippion McGriff, Dream Town Realty, Kristopher Anderson,<br />
Chicago Association of REALTORS ® , Naja Morris, @properties, Jacob Knabb, Chicago Association of REALTORS ® , and Maurice Hampton, Centered | RCG<br />
www.ChicagoREALTOR.com 39
Global Real Estate Council<br />
Chicago REALTORS ®<br />
in Thailand<br />
Chicago is a global city. Our residents represent countries from<br />
around the world and foreign investors continue to invest in our<br />
real estate market. Therefore, it’s beneficial for us to build strong<br />
relationships overseas.<br />
with trusted investors and real estate practitioners. This opens<br />
up new business opportunities and helps us better serve clients<br />
who are either from southeast Asia or looking to do business in<br />
the region.<br />
For the past four years, CAR has served as the NAR Ambassador<br />
Association to Thailand, meaning we work with Thailand’s real<br />
estate associations (Thailand Real Estate Broker Association,<br />
Real Estate Information Center and Real Estate Sales & Marketing<br />
Association) to share best practices, ideas and solutions and<br />
develop strong partnerships<br />
with association leadership,<br />
members, government officials<br />
and real estate practitioners.<br />
In July, just shy of thirty<br />
Chicago REALTORS ® flew with<br />
us to Bangkok. We visited the<br />
Government Housing Bank and<br />
met with its chairman, toured<br />
one of the country’s largest<br />
and newest enclosed malls<br />
and spoke with representatives<br />
of Bangkok, Malaysia,<br />
Singapore and Cambodia, who gave our REALTORS ® an inside look<br />
at the commercial and residential markets in those countries.<br />
Here’s what we took away from the trip:<br />
NEW RESOURCES<br />
Since the trip, the CAR Global Real Estate Council has been<br />
working on developing a comprehensive “how-to” guide, which<br />
will help Chicago REALTORS ® interested in conducting business<br />
in Thailand and the surrounding region. The guide will outline the<br />
“Traveling abroad helps<br />
us better understand the<br />
differences and similarities<br />
in cultures, which helps<br />
us be of better service to<br />
our clients.”<br />
— MAURICE HAMPTON<br />
region’s real estate market<br />
and shine a light on cultural<br />
nuances, customs and<br />
business etiquette.<br />
THE IMPORTANCE OF<br />
SELLING CHICAGO<br />
While we know why Chicago<br />
is a wonderful place to call<br />
home and build a business,<br />
we want to make sure we’re<br />
telling the world our story.<br />
The trade mission gave us an<br />
opportunity to see how other<br />
countries view Chicago and where there may be hesitancy in doing<br />
business in our city, and we’re working to develop resources to<br />
better help foreign investors and practitioners navigate our local<br />
real estate market.<br />
EDUCATION<br />
In Thailand, we learned that production and tourism make Thailand<br />
a great place to invest. We also learned about the wide range of<br />
income diversity in the luxury home segment, and that office space<br />
is trading at comparable rates to Chicago. You now have almost<br />
30 colleagues who can teach you about Thai real estate and the<br />
opportunities available to you and your clients.<br />
CAR looks forward to nurturing our relationship with Thailand to<br />
bring more business to our city, as well as help more Chicago<br />
REALTORS ® open the doors to their global business opportunities.<br />
We look forward to future trade missions and always encourage<br />
you to explore the world — real estate is everywhere!<br />
Additionally, NAR was hosting a Certified International Property<br />
Specialist (CIPS) certification while we were in Thailand, which gave<br />
REALTORS ® like Christopher Edwards, Redfin, the opportunity to<br />
gain his certification and expand his knowledge further.. “I couldn’t<br />
think of a better time to just go for it,” he said. “You get a better<br />
understanding of what it means to have the CIPS designation<br />
when you’re actually in a different country, experiencing a different<br />
culture and real estate market.”<br />
AN EXPANDED NETWORK<br />
It’s just as important to network with foreign colleagues as it is with<br />
our peers right here in Chicago. In Thailand, we built relationships<br />
Special thanks to NAR Ambassador to Thailand, Malaysia and<br />
Singapore Paul Xumsai, Century 21 S.G.R., Inc., and NAR Regional<br />
Coordinator Nancy Suvarnamani, Century 21 S.G.R., Inc., who served<br />
as experts throughout our trade mission.<br />
40 Chicago REALTOR ® Magazine
Wat Phra Si Sanphet Temple on the site of<br />
the old Royal Palace in Ayutthaya, Thailand.<br />
Trade mission delegates bussing to<br />
their first day of meetings.<br />
Meeting with representatives from the<br />
Government Housing Bank.<br />
THAILAND 2019<br />
Attending a luncheon hosted by the Ayutthaya City Park Mall developer with<br />
representatives from Thailand’s Real Estate Sales and Marketing Association (RESAM).<br />
CAR’s delegates included Paul Xumsai, Century 21 S.G.R., Inc., Mabél Guzmén, @properties,<br />
Michelle Mills Clement, Chicago Association of REALTORS ® , Nancy Suvarnamani,<br />
Century 21 S.G.R., Inc., Tommy Choi, Keller Williams Chicago – Lincoln Park,<br />
Maurice Hampton, Centered | RCG, and Nykea Pippion McGriff, Dream Town Realty<br />
Michelle Mills Clement, Chicago<br />
Association of REALTORS ® , Tommy Choi,<br />
Keller Williams Chicago – Lincoln Park,<br />
and Supap Jitta, National Association of<br />
REALTORS ® , meeting with representatives<br />
from the Government Housing Bank.<br />
Celebrating the end of a successful trade mission!<br />
Paul Xumsai, Century 21 S.G.R., Inc., Michelle Mills<br />
Clement, Chicago Association of REALTORS ® ,<br />
Nancy Suvarnamani, Century 21 S.G.R., Inc.,<br />
Mabél Guzmán, @properties, and Tommy Choi,<br />
Keller Williams Chicago – Lincoln Park.<br />
Delegates visiting King Vajiralongkorn’s<br />
residence at the Grand Palace.<br />
Tommy Choi, Keller Williams<br />
Chicago – Lincoln Park, presents Narin<br />
Kanlayanamit, Government Housing<br />
Bank, with a Chicago Cubs hat.<br />
CAR’s trade mission delegates visiting the ruins of the Historic City<br />
of Ayutthaya, a UNESCO World Heritage site.<br />
www.ChicagoREALTOR.com 41
Hipolito Garcia, Caliber Home Loans, and<br />
Siomara Barbosa, The Federal Savings Bank<br />
Marylin Cortes, Carmen Chucrala,<br />
and Janet Gonzalez, Habloft<br />
Cree Hampton, Kyi Hampton,<br />
Brande Hampton, and<br />
Maurice Hampton, Centered | RCG<br />
CAR FOUNDATION 5K<br />
Chicago REALTORS ® meet with Representative<br />
Bobby Rush led by FPC Nykea Pippion-McGriff.<br />
Julie Harron, Jameson Sotheby’s International Realty,<br />
Marion Valle, Valle Realty, Coby Hakalir, US Bank Home Mortgage,<br />
and Margie Smigel, the Margie Smigel Group LLC<br />
Matt Farrell, Urban Real Estate,<br />
with his son James<br />
Shari Smith, Illinois Real Estate Partners, and<br />
Heliodoro Mayorga, Century 21 Affiliated<br />
Chicago REALTORS ® meet with Representative<br />
Brad Schneider led by FPC Matt Silver.<br />
Mike Rasmussen, @properties<br />
Cheyenne Paul, The Federal Savings Bank, and<br />
Alice Weinert, Joe Wright Real Estate<br />
Chicago REALTORS ® kids participate in the children’s race.<br />
SPONSORED BY:<br />
42 Chicago REALTOR ® Magazine
Alyssa Cooper, Nathan Cooper, Kevin Cooper, d’aprile properties,<br />
Rita Mischka, Coldwell Banker Residential, Lindsay Miller, Nick Paxson,<br />
Myra Nimchaiyong, Keri Meacham, Michele Pellegrino, d’aprile properties<br />
Kenneth Atkins, Realty Plus, Elijah Richardson,<br />
and Tyrone Green, RE/MAX Next<br />
Bernie Miller, Tammy Hajjar Miller, and<br />
Cheyenne Paul, The Federal Savings Bank<br />
Rita Mischka, Coldwell Banker Residential, Myra Nimchaiyong, Keri Meacham,<br />
Lindsay Miller, d’aprile properties, and Antje Gehrken, A.R.E. PARTNERS<br />
Bobbi Howe, Keller Williams Kansas City North,<br />
and Heather Ozur, Kelller Williams Realty<br />
Chicago REALTORS ® kids get ready<br />
for the children’s race.<br />
Alyssa Cooper, Kevin Cooper,<br />
d’aprile properties, and Nathan Cooper<br />
Photos by Maria Dickman<br />
Chicago REALTORS ® and their families set off from the start line.<br />
www.ChicagoREALTOR.com 43
Brian Malmquist, Ryan Templeton, Kevin Hinton, and<br />
Prashanth Pathy, Keller Williams Chicago – Lincoln Park<br />
Steve Blackwell, Homes for Heroes, Nate Ryle, Dream Town Realty,<br />
Joffre Colbert, @properties, Drew O’Callaghan, Mutual of Omaha Mortgage,<br />
Luke Bakalar, @properties, and Seth Jeska, Homes for Heroes<br />
Raymond Melencio, Tommy Choi, Keller Williams Chicago –<br />
Lincoln Park, and Michael Vargo, Sprout Mortgage<br />
Hillary Mangiaforte and Kathy Kerpan,<br />
Chicago Agent Magazine<br />
Dearborn REALTIST ® Board’s foursome:<br />
Ron Branch, RLB Realty Group, Inc.,<br />
Courtney Jones, Chicago Homes Realty Group,<br />
Sidney Martin, CENTURY 21 SGR, Inc.<br />
and Kyle Garner, Da Capo, Inc.<br />
112 TH ANNUAL CAR GOLF CLASSIC<br />
John Cashner, and Sara Rainwater, CitiBank<br />
Patrick Shino, Scott Tran, Adam Ballog,<br />
and Kyle Aldrich, Fulton Grace Realty<br />
Andrea Mohr and Alexis Albertson, @properties<br />
Justin Lauer and Brad Borsos,<br />
Marketplace Homes<br />
SPONSORED BY:<br />
44 Chicago REALTOR ® Magazine
Photos by CAR Staff<br />
Mario DiLorenzo, Keller Williams Chicago – O’Hare,<br />
Todd Merritt, Summit Funding, Bucky Cross, Baird<br />
& Warner, and Adam Kriticos, Summit Funding<br />
Michael Emery, Urban Real Estate<br />
Michael Chamberlain, Inland Home<br />
Mortgage, Kris Briggs, Attorney,<br />
James Melucci, The Kraft Heinz Company,<br />
and Justin Oliver, Urban Real Estate<br />
Rick Templeton, Wedbush Securities,<br />
Jerry Jackson, Darryl Armstrong, H&R Block,<br />
and Allan Armstrong, Ideal Electrical Supply<br />
Hilary O’Connor, Cory Brown, and<br />
Clair O’Connor, Dream Town Realty<br />
Brian Tierney, Tierney Legal, LLC,<br />
and Mike Martin, Dunn, Martin,<br />
Miller & Heathcock, Ltd.<br />
Frank Montro, Keller Williams Preferred Realty, Brian Lewen,<br />
Constellation Brands, Ryan Gardner, Lavelle Law, Ltd., and<br />
Josh Weinberg, Keller Williams Chicago – Lincoln Park<br />
Bobby Findlay, Findlay Real Estate Group, and<br />
Mike Murphy, Chicago Title Insurance Company<br />
Mark Donahgue and Brandon James,<br />
Fidelity National Title<br />
Brian Levitas, Connor Dragel. TJ Rubin, and<br />
Boris Lehtman, Fulton Grace Realty<br />
Dan Gjeldum<br />
dan@rate.com<br />
Robert M. Archibald, Agent<br />
(630) 501-1670<br />
www.robertarchibald.com<br />
www.ChicagoREALTOR.com 45
Angela Ginex, Greater Illinois Title Company,<br />
Tony Paolella, Haus Mortgage, Jertheus Butts,Pearson<br />
Realty Group, and Arlene Pryce, Great Mortgage<br />
Janet Villegas, guest, and<br />
Ari Weil, Peak Realty Chicago<br />
Michael Bencks, Neighborhood Loans, and<br />
Mo Dadkhah, Main Street Real Estate Group<br />
2019 YPN SUMMER MIXER<br />
Joe Castillo, RE/MAX Mi Casa, Rosana Pannarale, and<br />
Johnny Noriega, Neighborhood Loans<br />
Judy Gibbons, Jameson Sotheby’s<br />
International Realty, Sam Powell,<br />
Dream Town Realty, and Sara O’Connor,<br />
Greater Illinois Title Company<br />
Bill Markoutsas, Attorneys’ Title Guaranty Fund, Inc.,<br />
Danny Lewis, Dream Town Realty, and Sandesh<br />
Bilgi, Better Homes and Gardens Real Estate<br />
Ayoub Rabah, Lisa Megquier, Dione Balingit, Jennifer Hosey,<br />
Gary Richter, Claudia Gonzalez, and Doug Fox, Coldwell Banker<br />
Myra Nimchaiyong, d’aprile properties, Andy Ogorzaly,<br />
EXIT Strategy Realty, Rachel Scheid, Baird & Warner, and<br />
Mo Dadkhah, Main Street Real Estate Group<br />
SPONSORED BY:<br />
46 Chicago REALTOR ® Magazine
Nataliya Govdyak, Keller Williams<br />
Chicago - O’Hare, Neda Mitrovic, and<br />
Sia Darmos, Coldwell Banker<br />
Tommy Choi, Keller Williams Chicago – Lincoln Park<br />
Dan Wagner, The Inland Real Estate Group of<br />
Companies, Inc., Sarah Ware, Ware Realty Group, and<br />
Nykea Pippion McGriff, Dream Town Realty<br />
Soraya Rendon, Ruth Medina, and<br />
Fernando Rizzo, Neighborhood Loans<br />
Ronay Betouni, Castle Law<br />
and Amal Khalil, @properties<br />
Vernita Smith, Keller Williams Preferred<br />
Realty, Frank Williams, F.J. Williams<br />
Realty, Inc. and Michelle Mills Clement,<br />
Chicago Association of REALTORS ®<br />
Sean Lee, Coldwell Banker<br />
Hetal Patel, Ruby Park, Main Street Real Estate Group,<br />
and Ian Schlueter, Chicago Title<br />
Phil Ciccarelli, Sheri Ciccarelli,<br />
Berkshire Hathaway HomeServices, and,<br />
and Elise Jordan, NRL Mortgage<br />
Erika Villegas, RE/MAX Mi Casa and<br />
Bob Eby, Century 21 Affiliated<br />
Kevin Rocio, @properties Commercial,<br />
Haley Levine, and Tony Mattar, HomeCo Chicago<br />
Coral Chrisitan, Chicago Title,<br />
and Jordan Pyle, Keller Williams<br />
Chicago – Lincoln Park<br />
Collin Wasiak, Compass, Matt Piegza, Catherine Holbrook,<br />
and John Paul Comes, Americorp<br />
Lucas Augustyn, Shiella Cruz, and Ryan Gallen,<br />
Pearson Realty Group<br />
Alice Weinert, and Katie Shanahan,<br />
Joe Wright Real Estate<br />
Photos by Jack Lane, LANE Media & Productions<br />
Julia Brenner Lindquist, and<br />
Grace Goro Kaage, @properties<br />
www.ChicagoREALTOR.com 47
APPLY FOR SCHOLARSHIPS<br />
Chicago Association of REALTORS ® Foundation was founded to help assist students in funding<br />
their educational needs.<br />
• Brande Hampton Emerging Champion<br />
Scholarship<br />
• Designation Scholarships<br />
• REALTORS ® Real Estate School Scholarships<br />
• Young Professionals Network Scholarships<br />
• The Xavier O. Joy Scholarship<br />
“<br />
Applications are accepted and awarded<br />
on an ongoing basis throughout the year.<br />
MAKE YOUR<br />
CAREER DREAMS<br />
COME TRUE.<br />
• Chris Pezza Property Management<br />
Scholarship<br />
• Higher Education Scholarships<br />
• Veterans Real Estate Scholarships<br />
• Zeke Morris Scholarships<br />
• Matt Silver Advocacy Endeavor<br />
Scholarship<br />
I just want to express how grateful I am that I was selected for the<br />
post-license scholarship. The scholarship has allowed me to continue<br />
my education in real estate by renewing my broker's license and<br />
continue to grow my business. I am very excited at the doors that<br />
have been opened for me on this entrepreneurial path in real estate.<br />
”<br />
— DANIEL STEWART, Kale Realty<br />
www.ChicagoREALTOR.com/Foundation
AUTUMN LINEUP<br />
SEPTEMBER SEPTEMBER OCTOBER<br />
Understanding Global<br />
Real Estate Markets<br />
1:00 PM - 4:00 PM<br />
Members: $40<br />
OCTOBER OCTOBER OCTOBER<br />
Accredited Staging<br />
Professional Designation<br />
9:00 AM - 5:00 PM<br />
Members: $295<br />
17 17 3-4<br />
8-9 21 21<br />
OCTOBER NOVEMBER NOVEMBER<br />
Pricing Strategy Advisor<br />
(PSA) Certification<br />
9:00 AM - 4:30 PM<br />
Members: $130<br />
The Roadmap<br />
of a Transaction<br />
9:00 AM - 12:00 PM<br />
Members: $40<br />
Fall in LOVE with our classes.<br />
Find your niche with a specialty class.<br />
www.ChicagoREALTOR.com/Education<br />
A Guide to Assisting<br />
Real Estate Professionals<br />
9:00 AM - 12:00 PM<br />
Members: $40<br />
25 7 8<br />
Developing Powerful<br />
Curriculum<br />
9:00 AM - 4:00 PM<br />
Members: $250<br />
Accredited Buyer's<br />
Representative (ABR ® )<br />
Designation<br />
9:00 AM - 5:00 PM<br />
Members: $280<br />
Expanding Your Team:<br />
A Guide to Managing<br />
Personal Assistants<br />
1:00 PM - 4:00 PM<br />
Members: $40<br />
Military Relocation<br />
Professional (MRP)<br />
Certification<br />
8:30 AM - 5:00 PM<br />
Members: $145<br />
NOVEMBER DECEMBER DECEMBER<br />
Seller Representative<br />
Specialist (SRS)<br />
Designation<br />
9:00 PM - 5:00 PM<br />
Members: $299<br />
DECEMBER<br />
18-19 5-6 10<br />
16-17<br />
Real Estate Digital<br />
Marketing Certification<br />
9:00 AM - 4:00 PM<br />
Members: $297<br />
Real Estate Negotiation<br />
Expert (RENE) Certification<br />
9:00 AM - 5:00 PM<br />
Members: $275<br />
The Roadmap<br />
of a Transaction<br />
9:00 AM - 12:00 PM<br />
Members: $40<br />
Broker Continuing Education<br />
Deadline: April 30, 2020<br />
If you were licensed prior to February 1, 2018 you will need to complete the requirements:<br />
• 6 Hours Core<br />
• 6 Hours Elective<br />
If you were originally licensed between February 1, 2018 and January 31, 2020 you need to<br />
complete the 30-Hour Post Licensing Package.<br />
ChicagoREALTOR.com/BrokerCE<br />
www.ChicagoREALTOR.com 49
Your source for learning on-the-go,<br />
including tips from Top Producers<br />
featured at our YPN Breakfasts!<br />
LISTEN ON
PRIVATE POOL<br />
400 W HURON #501<br />
$10,000,000<br />
VINCENT ANZALONE | 312.933.9447<br />
118 EAST ERIE #38L<br />
$8,000,000<br />
RACHEL VECCHIO | 773.841.1048<br />
676 N KINGSBURY #PH01<br />
$4,995,000<br />
COLIN HEBSON | 773.255.3927<br />
32 E BELLEVUE<br />
$4,000,000<br />
COLIN HEBSON | 773.255.3927<br />
25 E SUPERIOR #4602<br />
$3,950,000<br />
CHRIS VASILAKOPOULOS | 773.510.0474<br />
25 E SUPERIOR #4902<br />
$3,300,000<br />
SHELDON SALNICK | 312.498.5080<br />
2643 N HERMITAGE PH1<br />
$2,995,000<br />
COLIN HEBSON | 773.255.3927<br />
1900 S PRAIRIE<br />
$2,695,000<br />
HADLEY RUE | 773.852.4478<br />
269 VINE, LAKE FOREST<br />
$2,995,000<br />
DANNY LEWIS | 773.988.9092<br />
1115 VOLTZ, NORTHBROOK<br />
$2,699,000<br />
COLIN HEBSON | 773.255.3927<br />
1000 W MONROE 702<br />
$2,596,480<br />
MIKE BATTISTA | 312.399.3412<br />
1330 W NEWPORT<br />
$2,350,000<br />
BARBARA O’CONNOR | 773.491.5631<br />
For a private showing,<br />
call 312.242.1000<br />
dreamtown.com/luxury<br />
1017 W WASHINGTON<br />
$2,250,000<br />
VINCE ANZALONE | 312.933.9447<br />
1217 W MELROSE<br />
$2,195,000<br />
HEATHER HILLEBRAND | 773.758.7509<br />
Lincoln Park: 1950 N Sedgwick<br />
Lincoln Square: 4553 N Lincoln<br />
West Loop: 849 W Monroe<br />
Northwest Side: 7280 W Devon<br />
North Shore: 1567 Maple