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  ACE Award Qualifications

The Champion of Excellence (ACE) Award is presented by the Tenant-In-Common Association (TICA). TICA’s mission is to protect the interests of investors and members, promote the quality and integrity of offerings, the common interests of members and provide members with quality education, information resources and networking opportunities.

Award winners are not eligible for nomination for 5 years after receiving the prestigious award.

 Broker-Dealer Qualifications

  • Nomination from someone other than yourself
  • Minimum of 100 cumulative TIC transactions in 3 years
  • Minimum of 3 years experience as a broker/dealer, beginning January 1, 2004
  • Must be compliant with the TICA Code of Ethics
  • Must be a current dues-paying member of TICA
  • Must have attended one TI CA Conference AND must attend the 2006 Annual Conference

 Registered Representative’s Qualifications

  • Nomination from someone other than yourself
  • Minimum of 24 accumulative TIC transactions in 3 years OR $10 million equity over 3 years
  • Minimum of 3 years in business
  • Must be compliant with the TICA Code of Ethics
  • Must be a current dues-paying member of TICA
  • Must have attended one TICA Conference AND must attend the 2006 Annual Conference    

 Provide Case Study Specifics

 Broker-Dealer

  • Training, supervision and mentoring of registered representatives with best practices
  • Review of all sales and marketing practices and materials
  • Demonstration of due diligence (DD) process
  • Investor suitability (client’s net worth, sophistication, etc.)
  • Property suitability
  • Written DD procedures, proof that DD is rolled out & implemented
  • Customer complaint handling
  • Ongoing investor communication
  • Ongoing relationship with registered representative and client
  • Prohibiting representatives from pre-selling during black out period
  • Adherence to non-cash compensation rules for private transactions
  • Explain how broker/dealer is working to improve the industry

 Registered Representatives

  • Training/mentoring of others with best practices
  • Compliance to the best practices sales and marketing practices
  • Due Diligence process
  • Investor suitability
  • Property suitability
  • Ongoing investor communication
  • Ongoing relationship with registered representative and client

 

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