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<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


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including tips from Top Producers<br />

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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

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