Each year, HRRA recognizes professionals who have reached exceptional production levels. Circle of Excellencesm (COE) is an annual awards program which recognizes the top producing REALTORS® in various categories. Production categories include Individual Resale, Team Resale, New Homes, and Property Management. Nominated awards include Salesperson of the Year, Distinguished Property Manager of the Year, and New Homes Rookie of the Year. Any REALTOR® can nominate another REALTOR® for these illustrious awards and there is no fee. Longevity Awards honor recipients who have obtained a COE award for 10 or more years.
DPM: Minimum of $105,000 Gross Management / Leasing Fee to Company required.
NEW HOMES:2010 Closed Volume for New Homes Sales Only
Copper Flashing - At least $3,000,000
Silver Nail - At least $5,000,000
Gold Hammer - At least $7,000,000
Diamond Stud - At least $10,000,000
Status Declaration
Beginning in 2010, each and every HRRA member must declare his/her COE “status” as of March 31 of each calendar year to his/her Broker/Owner or Managing Broker, who is to record, retain and update as applicable (to show the changes in business model) the status of each agent in the office, in list form, until after the awards ceremony in the following year. Download Form
History of the Award
The Million Dollar Sales Club and later, the Outstanding Sales Club, represented members from five different boards (Portsmouth/Suffolk, Franklin, Norfolk, Chesapeake, and Virginia Beach). A merger produced the Tidewater Board of REALTORS® and the name of the award was changed back and forth before reverting to Million Dollar Sales Club. In 1990, the word “Board” was changed to “Association” and Tidewater Association of REALTORS® lasted through the decade. The Circle of Excellencesm awards replaced the Million Dollar Sales Club in 1994. The year of the millennium brought another merger and the last name change for HRRA. In 2004, the awards for the Eastern and Western regions of the Association were combined, and for the first time, all REALTORS® in South Hampton Roads were represented.
A symbol of honor and achievement, the Circle of Excellencesm logo can be used by award winners to distinguish themselves in various marketing, advertising and business communications.
Failure to comply with these advertising guidelines may result in a Board of Directors determination of ineligibility in future awards programs.
Only agents who apply and are accepted into the HRRA Awards Program may use such designations in conjunction with their business dealings.
Recipients cannot use award designations prior to that award being processed.
The proper identification of an agent who has applied and been accepted into the Awards Program is “Member, HRRA Circle of Excellencesm.” Specify years or the term “past” if you have not received the award in the current year. Example: “Member, HRRA Circle of Excellencesm 2002, 2003, 2006” or “Past Member, HRRA Circle of Excellencesm”. If you are a member of the Awards Program in the current year, you do not need to list any year(s) following the text, but you may if you so choose.
An agent who has been a member of the TAR/HRRA Million Dollar Sales Club or TAR Circle of Excellencesm for consecutive years may elect to condense the years. All previous HRRA/ TAR Million Dollar Sales Club and Circle of Excellencesm years apply to the Awards Program and should be designated as Circle of Excellencesm in your business dealings. (For example, an agent who has been a member of the HRRA/TAR Million Dollar Sales Club or Circle of Excellencesm each of the past six years would indicate this status as follows: Member, HRRA Circle of Excellencesm 2002 – 2008.
Agents may elect to use their level in the awards program in the text as follows: Gold Member, HRRA Circle of Excellencesm. However, the level indicated in the text must be for the current award year. Agents who are past members of the TAR/HRRA Million Dollar Sales Club or Circle of Excellencesm may not use the award level designation.
Recipients may advertise their numerical ranking. Such advertisement must specifically reference that the ranking is within Hampton Roads REALTORS® Association Circle of Excellencesm Awards for a specific year.
Agents who have been awarded longevity awards may elect to indicate this status as follows: 10-Year Member, HRRA Circle of Excellencesm. This text is valid every year until the agent reaches the next highest level of longevity awards, even if the agent fails to achieve the Circle of Excellencesm in subsequent years.
For any company advertising number of award recipients, numbers must be reflective of that specific company only.
A Team or Mega Team leader or member may advertise and market his/her receipt of a Circle of Excellencesm Award, but it must be clearly stated that it was a team award. As an example, a member of any size team who earned a Gold Award could NOT advertise “Circle of Excellencesm Gold Award winner – 2009”, but must say, “Circle of Excellencesm Gold Team Award winner-2009”.
For any unique situation not covered by the preceding, or for CLARIFICATION on any of the information set forth herein (in lieu of individual interpretation), please contact, IN WRITING, Circle of Excellencesm Advisory Group c/o Hampton Roads REALTORS® Association, by mail to 638 Independence Blvd., Suite 100, Chesapeake, VA 23320, by e-mail to BGoodwin@HRRA.com or by fax to 757-473-9897.
*GCI is defined as gross commission income to the company, i.e. the amount of check going to company, which may be inconsistent with the commission listed on the HUD statement.
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