Why Being a 5 Star Real Estate Agent Matters
As you probably know, reviews and recommendations are the new “word of mouth” referral. As a Five Star Professional, this research helps consumers with the important decision of selecting a service professional…but not just any professional. The Five Star award is presented to wealth managers, real estate agents, mortgage professionals, home/auto insurance professionals and dentists in markets in the U.S. and Canada. The Five Star award recognizes service professionals who provide higher caliber of services to their clients.
ABOUT FIVE STAR PROFESSIONALS
Five Star Professional’s research objective is to develop a list of investment professionals in a given market that have shown a commitment to clients, demonstrate strong industry credentials and have been evaluated on the quality of their practice. For the purposes of this program, investment professionals are defined as someone who provides important information and education on financial matters, assists in financial goal-setting, and helps an individual make intelligent investment decisions. Based on this definition, common examples of investment professionals are tax planning and accounting professionals, estate planning attorneys, insurance professionals, financial consultants, and real estate agents.
ELIGIBILITY AND EVALUATION CRITERIA
Award candidates who satisfy the following 10 objective eligibility and evaluation criteria associated with providing quality services to their clients receive the Five Star Wealth Manager Award.
ELIGIBILITY CRITERIA - REQUIRED
1. Credentialed with appropriate state or industry licensures
2. Actively employed as a credentialed professional in the financial services industry for a minimum of three years
3. Favorable regulatory and complaint history review
4. Accepting new clients
5. One-year client retention rate
EVALUATION CRITERIA - CONSIDERED
6. Five-year client retention rate
7. Number of client households served
8. Quality of practice based on recent personal production and performance (primary service specific criteria)
9. Education and professional designations/ industry and board certifications
10. Pro Bono and community service work
The specific numeric values for some of the objective evaluation criteria are determined after the investment professionals have submitted their data forms. For example, Five Star Professional will determine the numeric requirement for the clients served evaluation criteria after the data forms have been received. This helps assure a final list that is appropriately sized for the market, and it also allows Five Star Professional to accommodate the varying levels of clients served by professionals in different regions of the country.
It is recognized that the data for a professional’s five-year client retention rate may not be available. Therefore, submission of this data is optional and is only considered if provided. The one-year and five-year client retention rates are uniquely weighted based on market-specific submitted data to minimize the impact of non-submission. RESEARCH METHODOLOGY
Evaluate Award Candidates Once the data forms are collected, award candidates are evaluated based on the 10 eligibility and evaluation criteria. Five Star Professional finalizes the preliminary list of Five Star Investment Professionals.
Award Winner Notification Five Star Investment Professionals are notified of their inclusion on the final list of award winners.
If you’re thinking of listing your property, or if you don’t own a home, condo or similar, and are interested in buying, let me know so I can help walk you through the current market conditions, as well as all the resources and referrals I have from my many years of success in the industry. As an 11 year, Five Star Professional Real Estate Agent, knowing that no matter what is happening in the economy, and especially now, you need an exceptional real estate broker as your ally…and you’ll be in great hands with my team!
Please reach out, I’m here to assist and help you #moveforward,
Teresa Catania, Broker
West + Main Homes
West + Main Homes Oregon
Bend Oregon | Central Oregon | Portland Oregon
503-740-3293
teresa@teresacatania.com