Fantastic Friday and Welcome to Rosemary’s Rubies!
It is officially Spring but I wouldn’t plant those Spring and Summer flowers just yet. There is always a possibility of frost before Easter. Plus we live in Texas so you never know what mother nature will do. Enjoy this nice weather and show those properties!
WE WILL MISS YOU MEGAN!
As announced at Partner Meeting and on Facebook this past Tuesday, we want to let everyone know that Megan has accepted a new opportunity and will be leaving KWDMN. We appreciate her role the past 2 years as our Front Desk Concierge and will miss her bright smile and personality. Please stop by the front desk before March 29th to wish her well. We will be having a farewell reception for Megan from 4:00 – 5:30 p.m. in our upstairs training room on Friday, March 29th. It would mean so much to Megan if you can stop by.
MEDICAL AND ANCILLARY INSURANCE FOR 1099 REAL ESTATE AGENTS!
Please read the information below regarding Insurance options for 1099 Real Estate Agents in our Market Center. This is a follow-up from Mike Egel with Bridge Insurance– who presented this at our Partner Meeting on Tuesday.
As mentioned during our Partner Meeting, here are some specific talking points:
Benefit plan summaries, videos, and contact information for the Bridge Insurance team and the Enrollment Center can be found on this website.
We are shooting for a June 1st effective date for all plans and benefits.
The deadline for Major Medical applications is April 5th. After this date, we will not accept any more Major Medical applications from existing agents.
Each agent will be contacted by the enrollment team. They will explain each product, including the rates, and will help you sign up for any benefits you choose to protect you and your business.
Agents can call the enrollment team, instead of waiting for them to call you. (877) 282-0808
An example of the plan design can be found at www.1099realestatebenefits.com.
Anyone interested in applying for Major Medical insurance, will need to fill out an online application at www.formfire.com.
If your spouse and/or dependents are wanting to participate in this plan, you will need their health history, SSN, DOB and prescription information as well.
Click “Sign Up” in the upper righthand corner
Enter in your unique Employer ID Code: 75D2431
If you need to update or change any information, click “Employee Login” in the upper right hand corner and then make sure to re-sign your application.
Dental, Vision, Short-Term Disability, Accident, Critical Illness, Etc.
Examples of plan designs can be found at www.1099realestatebenefits.com.
These plans can be purchased separately. You do not have to purchase medical insurance to participate in these other benefits.
Third-Party billing administration
All premiums will be bank drafted directly from the agents account by our TPA.
Should a payment be missed, cancellation will occur and agents will be locked out of coverage until next open enrollment.
If there are any questions or concerns, please contact the enrollment team or Jeri McGuire.
Plan designs can also be found on the website: www.1099realestatebenefits.com.
NOTE: All agents in the Market Center need to either Opt-in or Opt-out of the offer.
To Opt-out just call the enrollment team and record your waiver of coverage with them (877) 282-0808 or e-mail: email@example.com
Bridge Insurance Group
Agent Tip of the Week!
Financial Matters Do Matter!
Can a sales agent have an escrow account?
No. Rule 535.146(b)(2) prohibits a sales agent from having an escrow account. The sales agent must turn all money received over to the sales agent’s sponsoring broker.
Can a sales agent have a commission check written to the sales agent’s own corporation or Limited Liability Company? If so, does that entity have to be licensed as a real estate broker?
All commissions must be paid through the agent’s sponsoring broker.[TRELA §1101.651(b)] Further, a business entity that receives compensation on behalf of a license holder must be licensed as a broker. [TRELA §1101.355(c)]
Can a sales agent receive or pay a commission to a party in a real estate transaction?
No. A sales agent may not accept compensation for a real estate transaction from anyone other than the broker the sales agent was associated with at the time the commission was earned and may not pay a commission to a person except through the sales agent’s sponsoring broker. [TRELA §1101.651(b) and (c)]
Violations may be subject to disciplinary sanctions by the Sponsoring Broker along with TREC, including but not limited to, license revocation, license suspension, reprimand and/or an administrative penalty.
What’s Going on in Your Market Center?
C O R E MENTORSHIP ORIENTATION
(Creating Outstanding Realtors For Excellence)
3/25/2019 at 1:00 PM
Creating Outstanding Realtors for Excellence – is a fast track program to provide agents with the foundation needed to launch their business, and get off to a fast, exciting start in real estate!
This 90 minute orientation class covers how, what, when and where details necessary to get your Real Estate business started with Dallas Metro North. You will be introduced to “Path to Success”. Path to Success is your first 100 days business guide.
Stacey Reynolds, Productivity Coach, facilitates this class and program. If you have questions about the CORE program, Stacey’s email is firstname.lastname@example.org.
If you want to build your profit share tree, this is also an excellent recruiting tool for you so come & check it out!
Please be sure and sign up via the intranet (link below) so we can plan for enough food. Thank you!
More Training Events Next Week!
Monday, March 25th ~ 12:00-1:00 ~ Command Q&A ~ Tammy Bunk
Monday, March 25th ~ 3:00-4:00 ~ Tech Essentials ~ Tammy Bunk
Tuesday, March 26th ~ 12:00-1:00 ~ Executive Admin Mastermind ~ Erin Fulton
Tuesday, March 26th ~ 7:30-8:30 ~ CORE Webinar ~ Stacey Reynolds
Wednesday, March 27th ~ 12:00-1:00 ~ Command: Getting Started Class 2 For “Tech Hares” ~ Tammy Bunk
Wednesday, March 27th ~ 1:00-2:30 ~ CORE Level 1 ~ Stacey Reynolds
Thursday, March 28th ~ 8:30-9:00 ~ Script Practice ~ Stacey Reynolds
Thursday, March 28th ~ 9:00-12:00 ~ Placester Basic Class and More! ~ Tammy Bunk
Thursday, March 28th ~ 11:30-12:30 ~ CORE Level 2 ~ Stacey Reynolds
Thursday, March 28th ~ 1:00-4:00 ~ Tech and New Agent Orientation* ~ Rosemary Croney and Tammy Bunk
*Join Rosemary and Tammy for tech tips and an overview of Policies & Procedures. Not just for new agents.
Thursday, March 28th ~ 3:00-4:00 ~ Command: Getting Started Class 1 for “Tech Tortoises” ~ Tammy Bunk
Save the Dates!
Also April 3rd!
Also April 4th!
Congratulations to Our Newest Cappers!