CBA BOARD MEMBER CANDICE CHEVAILLIER HONORED AS ONE OF 48 GLOBEST. REAL ESTATE
FORUM’S WOMEN OF INFLUENCE
We’d like to congratulate CBA Board Member Candice Chevaillier, Principal at NW Multifamily Team at Lee & Associates, on being named as a top CRE Consultant/Advisor in GlobeSt. Real Estate Forum’s Women of Influence edition. Honorees are recognized as outstanding women leaders in the commercial real estate industry.
OUR NEW SEARCH PLATFORM IS LIVE!
We're pleased to announce that Phase 1 of our NEW search platform is now available! This phase includes the searching, reporting and demographic features our members have requested.
Throughout the upcoming phased transition, CBA will run the new Catylist-powered search platform in parallel with our existing platform throughout all three phases to allow you sufficient time to be trained and make full use of its powerful tools.
Rest assured that regardless of how you choose to search our listings during our transition period, you’ll see the exact same data and search results across both the new and legacy platforms.
BENEFITS OF THE NEW PLATFORM INCLUDE:
Powerful, Easy-to-Use Technology
CBA's new, mobile-friendly platform works seamlessly on all browsers and devices, so you can access your listings and marketing tools anytime, anywhere! The platform provides all of the functionality our members have requested and come to expect with a streamlined, intuitive, easy-to-use interface.
Local Understanding, National Exposure
By partnering with Catylist, we can give you the best of both worlds: a local service specifically tailored to the needs of your markets, with the benefits of exposure on Commercial Exchange, Catylist's nationwide network.
WEBINAR TRAINING DATES:
Our new search platform is incredibly intuitive and easy to use, but if you'd like a little help getting started, or want to learn about some of the more sophisticated search tools and functionality, sign up for training!
Over the next few months, we'll be providing online webinars on Tuesdays from 10-11 a.m. and Thursdays from 1-2 p.m.
If you need training for your brokerage, we are happy to provide group training for 15 people or more. Please contact us at email@example.com to schedule a time that meets your needs.
NEW ENHANCEMENTS MADE TO LEGAL LIBRARY PRO!
Based on member feedback and requests, we’re pleased to announce that we have made several enhancements to the functionality of Legal Library PRO.
These upgrades are designed to help you search for transactions, create custom templates, fill out and edit forms, and invite users to collaborate more quickly and easily.
These NEW enhancements Include:
Auto-Fill Document Content: Auto-filled content (including Buyer, Seller, Property Address) now displays in both fill out and edit modes.
Quickly Add Documents: You can now select documents and hit “Done” to add them to your transaction without first having to click “Add Documents.”
Add Additional Transaction Details: A new “Document Note” field has been added so you can easily differentiate between forms of the same name — which is particularly helpful with multiple addendums.
Customize Templates for Multiple States: Customized templates can now be made for both Washington and Idaho.
Invite Users to Collaborate More Easily: Changes have been made to provide additional clarification about access levels for Transaction User and Document User.
Search Transactions Faster: Hitting “Enter” will now execute a search, whether you’re searching for a transaction or searching for a form.
CBA WILL BE CLOSED ON FRIDAY, JULY 3RD, IN OBSERVANCE OF THE 4TH OF JULY.
Our offices will close at 2:00 p.m. on Thursday, July 2nd, and reopen on Monday, July 6th at 8:00 a.m. Enjoy the long weekend!
UPDATED GUIDANCE FOR COMMERCIAL REAL ESTATE -- JUNE 19, 2020
Today, King County officially moved into Phase 2 of Governor Inslee's county-by-county based “Safe Start” reopening plan for resuming recreational, social, and business activities. Several other counties have also moved into Phase 3.
If you do not know your county's current status, please check the County status and Safe Start application process website.
Based on the information provided by our friends at Washington REALTORS® and the Northwest Multiple Listing Service, we have created a quick reference chart that outlines the activities that are allowed in each phase of opening.
UNDERSTANDING THE NEW "PHASE" REQUIREMENTS
Gov. Jay Inslee and Secretary of Health John Wiesman announced a statewide mandatory face-covering order that will take effect Friday, June 26. Beginning June 26, every Washingtonian in an indoor public space, or in an outside public space when unable to physically distance from others, will be legally required to wear a face covering.
Brokers must adhere to the “phase” protocols for the county where the property is located, regardless of the location of the broker’s office or home. Commercial brokers conducting real estate activities in a Phase 1 county must continue to abide by the Phase 1 protocols, outlined in the initial Stay Home, Stay Healthy order, which still apply.
Although Phase 2 Real Estate COVID-19 Requirements still call for strict social distancing rules and protocols, they do explicitly state that:
CRE brokers may open their offices in a limited fashion (if their office is located within a Phase 2 county)
CRE brokers may re-engage with in-person services, similar to residential brokers.
Three persons are allowed on site for permitted in-person commercial real estate activities for both improved and unimproved property, including facilitating inspections, appraisals, buyer “walkthroughs,” and other activities typically required to complete a real estate sale or lease.
All in-person real estate activities, Phase 1 or 2, require participants to wear cloth face coverings.
Sign installers may install real estate signs
If you are a CRE broker working on a listing located within a Phase 2 county, please review the information outlining the counties currently granted Phase 2 status, and the strict measures that must be adhered to by real estate professionals in order to ensure the safety and well being of those involved in your property showing.
We have updated our series of FAQ’s based upon the previously released guidelines for Phase 2 counties on May 19th.
If you are a CRE broker working on a listing located within a Phase 1 county, please review the PREVIOUSLY PUBLISHED FAQ information, which is still relevant.
NOW AVAILABLE TO MEMBERS: CBA'S CMA 2020 VS 2019 DETAILED SALES OVERVIEW AND
FULL RESEARCH REPORT
CBA's new CMA Sales Report analyzes quarterly economic and commercial real estate activity and trends at the market and submarket levels. We are pleased to offer this detailed analysis and report for your use and interpretation.
With the rush of commercial property sales in 2019 to beat Washington’s increased Real Estate Excise Tax (REET) taking effect in 2020, in addition to the restrictions on Commercial Real Estate activity due to COVID-19 concerns, CBA anticipated that 2020 sales activity would be negatively impacted. We started a running tally from our database to compare same-month sales by asset class and county from 2019 to 2020.
The number of transactions from January 2020 compared to 2019 were down 18.7%, and dollar volume was down 69%. February transactions had a 7.8% drop and saw the same drop of 69% in dollar volume. March transactions were down 14.1%, but dollar volume was softened by the retail sale of the former Macy’s department store in downtown Seattle for $68.7m, which made for a more modest decrease of 42.2%. On March 15th, the state-wide COVID-19 shutdown and reduced sales leading up to and throughout April made for the biggest drops to date. April transactions were down 57.9%, and dollar volume was down 76.8%.
Overall, the biggest discrepancies in volumes were seen in the Office (-76.3%) and Multi-family (-78%) classes, while the smallest declines in volume were Retail (-14.1%) and Land (-15.2%). Multiple large deals in 2019 greatly affected sales volume disparities, which are listed throughout the report as notable sales.
In comparison, 2020 has had only one nine-figure deal with the office sale of Tower 333 in downtown Bellevue for $401.5m. 2020 vs 2019 transactions and dollar volume are negative across all asset classes and counties so far, with the exception of Thurston County, which shows a net positive in sales volume of 38.3%.
GOVERNOR INSLEE EXTENDS MORATORIUM ON EVICTIONS
On June 2, Governor Inslee extended the Moratorium on Evictions until August 1, 2020. Under the extended moratorium, it is unlawful for a landlord to evict a tenant or deliver any notice of termination. However, a critical exception was included in the June 2 extension order. Effective immediately, a landlord may: "...provide at least 60 days’ written notice of intent to (i) personally occupy the premises as a primary residence, or (ii) sell the property."
As a result of this language included in Governor Inslee's moratorium extension, a landlord may deliver notice to a tenant whose lease is expired or will expire in the next 60 days, that the tenant's lease rights will terminate at the end of the 60 day notice period so long as landlord intends to personally occupy the property or sell the property at the end of that 60 day notice period. Thereafter, if the tenant does not vacate the unit, the landlord may evict the tenant.
NEW! EXCLUSIVE SUBLEASE AGREEMENT ADDED TO LEGAL LIBRARY PRO
In response to our rapidly changing commercial real estate market and in anticipation of shifting member needs, we've added an Exclusive Sublease Agreement to Legal Library PRO.
Developed by top commercial real estate experts, Legal Library PRO's contracts are recognized as the industry standard and are the fastest and easiest way to close a deal.
CBA members can instantly access and edit any of Legal Library PRO's 100+ copyrighted contracts and forms for Washington and Idaho. Forms include Purchase and Sale Agreements for Commercial Properties as well as Business Opportunities and Lease Agreements.
JOIN US FOR OUR FIRST-EVER LIVE WEBINAR CLASS FOR CE CREDIT, MAY 12TH.
We're pleased to announce that we've received accreditation for our first-ever live webinar class, Advanced Topics in Leasing, taught by retired attorney Mike Garner. Get registered today!
ADVANCED TOPICS IN LEASING
Tuesday, May 12th
9:00 a.m. - Noon
JOIN US FOR A SPECIAL WEBINAR: LIMITATIONS ON COMMERCIAL TENANCIES IN THE TIME OF COVID-19 WITH HUNTER JEFFERS
To learn more about how the Governor's proclamation on commercial tenancies impacts you, attend our webinar regarding the Limitations on Commercial Tenancies in the State of Washington and City of Seattl
If you were unable to join us for the recent webinar regarding the limitations on commercial tenancies in the state of Washington and the City of Seattle and how they might impact you, we have recorde the webinar. It is now posted to our Youtube Channel and can be found on our COVID-19 Resources page.
IMPORTANT MEMO – INTERPRETING & OUTLINING OF EVICTION BANS AND RENT FREEZES IN WASHINTON STATE AND CITY OF SEATTLE
Attached is the memo from CBA’s legal counsel outlining and interpreting two recent COVID-19 items issued by the state of Washington and City of Seattle affecting landlords and tenants.
On April 16, 2020, Governor Inslee issued a proclamation extending and expanding the ban on residential evictions, and placed a freeze on rent increases affecting commercial tenants. On April 17, 2020, Mayor Durkan signed into law the City of Seattle’s new ordinance disallowing evictions and rent increases on small businesses and non-profits.
COVID-19 RELIEF UPDATE: WASHINGTON UNEMPLOYMENT GUIDELINES FOR BROKERS/INDEPENDENT CONTRACTORS
Our friends at Washington REALTORS® recently provided the following important and timely guidance on applying for Unemployment Assistance in Washington state, and we're sharing this valuable information with our members.
IRS EXTENDS TAX DEADLINES: RELIEF FOR 1031 EXCHANGES AND OPPORTUNITY ZONES
On April 9th, the IRS granted deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs promote economic growth in communities, and the NAR and other CRE advocacy groups successfully argued that investors in these programs should not be harmed due to the effects of COVID-19. Some specifics of the new guidance include:
1031 Like-kind Exchanges: If an investor has taken the first step of a like-kind exchange by selling the old property, and either the 45-day or the 180-day deadline falls between April 1 and July 15, the deadline has been extended to July 15.
Opportunity Zones: If investors who sold a capital asset planned to roll over the gain into an Opportunity Fund and the 180-day deadline to do so falls between April 1 and July 15, 2020, they can make the investment as late as July 15.
Estimated Tax Payments: Sole proprietors who pay quarterly estimated taxes now have until July 15 to file their second-quarter payment. Any individual or corporation that has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15, 2020, can wait until July 15 to make that payment, without penalty.
NEW COVID-19 RESOURCES PAGE
To help our members and their clients navigate a rapidly changing and increasingly difficult business climate, we have compiled a list of resources for Brokers, Landlords and Investors, and Commercial Tenants.We will continue to monitor the situation and will update and add to the list as new information becomes available.
Please note that while Governor Inslee's Stay Home, Stay Healthy order is in place, the only CRE practice that can be done is that which can be done REMOTELY.
CLARIFYING THE STAY AT HOME, STAY HEALTHY ORDER FOR COMMERCIAL REAL ESTATE
We understand how difficult it is right now for you to conduct your business, and there has been confusion by real estate brokers over recent directives issued by the Governor Inslee.
In conjunction with our legal counsel, we have compiled a series of Commercial Real Estate Practitioner FAQ’s related to Washington state’s current “Stay Home Stay Healthy” order that went into effect on Thursday, March 26, 2020 by Governor Inslee.This FAQ also includes clarifications for commercial brokers related to the Governor’s memorandum regarding “Real Estate and Mortgage Guidance” issued on Friday, March 27, 2020.
The Governor's memorandum was directed to RESIDENTIAL REAL ESTATE TRANSACTIONS ONLY, NOT COMMERCIAL. We hope this communication helps clarify any questions you have about the orders relative to your business.
If you have any questions in the weeks and months ahead, our Executive Team stands ready to assist you personally at (425) 820-3348.
On behalf of the CBA Board of Directors and our staff, we appreciate your continued support and membership of our organization, and we are committed to being a trusted partner and reliable resource to you throughout the course of this emergency, and beyond.
NEW FORCE MAJEURE AND CLOSING ADDENDUM TO PURCHASE AND SALE AGREEMENT
The Commercial Brokers Association has published a new addendum to help address issues arising from the COVID-19 pandemic. The form, entitled “FMA Force Majeure Addendum,” is posted for use in Legal Library PRO within the Purchase & Sale Forms and is also posted in the List of Contracts. (Note: you must be logged in to the CBA website to view the form.) It may be used in new transactions as an addendum or existing transactions as an amendment to provide for remedies in the event either party is prevented from performing in a transaction due to a force majeure.
“Force majeure” is a French term that translates literally as “superior force.” A “force majeure event” is an event or effect that can be neither anticipated nor controlled. Many contracts contain a force majeure clause allocating risk between parties if the contract becomes impossible or impractical to perform in the event of a force majeure. Common examples of force majeure events include acts of nature, such as floods, earthquakes, hurricanes, tornadoes and the like, and acts of people, such as wars, riots or strikes and, of course, an epidemic/pandemic such as the current pandemic.
CBA’s new addendum provides for extensions of contingencies and conditions and the closing date in purchase and sale agreements for a limited amount of time should a force majeure event occur, precluding timely performance. It operates in the same way as the residential addendum recently released for the same purpose by NWMLS.
The addendum provides that, if through no fault of the parties, and by reason of a force majeure event, any contingency or condition in the agreement cannot be timely completed, then all the time periods associated with that contingency or condition (and any related notices and responses thereto) are extended for an amount of time agreed to and stated in the form.
An example may help:
The parties reach mutual acceptance on March 25, and the buyer has a ten-day inspection/feasibility contingency.
On March 26, a shelter-in-place order goes into effect for two weeks (until April 9) that prevents the selling broker, buyer and inspector from inspecting the property. The parties agree in the addendum that any contingency or condition will be extended for ten days should a force majeure event occur. The original contingency would have expired on Monday, April 6, but the addendum would extend the contingency to April 16, including any related notice and response timeframes.
Obviously, dealing with force majeure events are circumstances unfamiliar to the industry. Calculating the extension of contingency time periods due to a force majeure event may be complicated. Brokers are encouraged to cooperate and work together to ensure that the parties have the same expectations with regard to timelines, and any impact a force majeure event may have.
The addendum provides that, if through no fault of the parties and by reason of a force majeure event, the sale of the property cannot be timely closed on the Closing Date, the date will be extended for an agreed upon period of time – the “Extended Closing Date.” If the sale of the property cannot be timely closed by the Extended Closing Date, the transaction terminates and the earnest money will be refunded to the buyer.
CBA recommends that all brokers working on pending transactions consider amending the transaction with this or an equivalent addendum to address force majeure events. Certainly, brokers entering into new transactions should recommend their clients consider a force majeure addendum.
IMPORTANT COVID-19 UPDATE: CBA STAFF WORKING REMOTELY AND ALL CLASSES CANCELED THROUGH APRIL
For classes and events scheduled after April 30, 2020, please remember to check our full schedule for up-to-date information BEFORE you leave to attend.
CBA DATA AND ANALYSIS FEATURED IN PUGET SOUND BUSINESS JOURNAL
CBA’s CMA data and analysis on commercial property sales over the past 10+ years was recently featured in the Puget Sound Business Journal's Real Estate section. This underscores the quality of our data and terrific work done by the entire staff.
Watch for additional data and analysis from our team in future editions!
The numbers highlighted are for King, Pierce, and Snohomish counties. To see a more in-depth version that also contains Kitsap, Spokane, and Thurston counties, click here.
DRIVE TRAFFIC TO YOUR LISTING AS A FEATURED PROPERTY
Featured Properties get front page, above-the-fold promotion on our website, which means they are one of the first things people see and they get increased click-throughs!
We offer one-week and four-week packages. Members who sign up for four weeks can switch out their listings once a week.
To sign up, fill out our order form today!
IMPORTANT UPDATE: CBA'S ANNUAL MEETING CANCELLED
UPDATED APRIL 3, 2020:
The Commercial Brokers Association, like the general public, is concerned about the impact of the Coronavirus. Today, the Washington State Department of Health recommended that businesses not hold public meetings.
Out of an abundance of caution, we are canceling the Thursday, March 5th meeting. We will reschedule at a later date if feasible. If we’re unable to schedule in a reasonable timeframe, we will share relevant information with our members via email.
SEE YOU AT LEGISLATIVE DAY 2020!
Join CBA, WSCAR and WA REALTORS® as we take part in Legislative Day!
This annual event is an opportunity for REALTOR® members to join their local and state association on the Hill, talk with our elected representatives and to present a unified voice advocating for property owners and their rights throughout Washington State.
Online registration is closed, but you can still register in person at the event.
Jan. 22, 7 a.m. – Jan. 23, 8 p.m.
The Hotel RL Olympia
2300 Evergreen Park Drive SW
Olympia, WA 98502
HAVE YOU PURCHASED YOUR CBA FLEX PASS?
Ring in the new year by getting a head start -- and saving some cash -- on your 2020 education!
Back by popular demand, and exclusively for CBA members, we are continuing to offer our 4-Class Flex-Pass for our live classes. Use it now and throughout 2020 to attend classes that match your interests and career goals.
Earn continuing education credits for your biennial license renewal, add to your skills and knowledge, and network with colleagues. Good for 3-hour and 4-hour classes only.
$250 CBA Members Only
For more details, contact us at firstname.lastname@example.org or 800-275-2522.
REVISED FORMS 17 AND 17C RELEASED JANUARY 2, 2020
Please note that there were NO changes to Form 17 Commercial.
The Seller Disclosure Statement for Improved Property (Form 17) and for Unimproved Property (Form 17C) has been updated to reflect upcoming revisions to the Seller Disclosure Act (RCW 64.06).
Log on to Legal Library PRO now to access the new forms.
Warmest wishes from all of us at CBA to all our members and friends! We hope you have a chance to step back, slow down and enjoy the holiday season.
To that end, our offices will be closed from December 24th through January 1st, reopening on January 2nd at 8:00 a.m.. Our staff will be checking email and voicemail daily and will respond promptly to any immediate needs.
We look forward to serving you in 2020!
HAVE YOU UPDATED YOUR HOTSHEETS?
Taking the time to update your hotsheets during the slow holiday season will set you up for success in 2020!
If you're new to CBA and our services, our online hotsheets tool sends you notifications of new listings from the previous day that match your search criteria.
Get a quick intro (or refresher) in our online tutorial.
For any questions, please reach out with the Live Support Chat.
WE'VE MADE SOME UPGRADES TO OUR WEBSITE!
In response to member feedback, we’ve restructured our content into clearly defined tabs that align directly with each of our products and services. Our updated navigation now includes:
A new “Research & Listings” tab
A new “Events & Education” tab
A new “Membership” tab
NEW! RESEARCH & LISTINGS
You can now find everything related to searching listings; adding new listings; viewing new lease, sales and business opportunities; running reports; and marketing your current listings in one centralized location. All Training & Reference Guides and FAQs related to research and listings are also found in this section.
NEW! EDUCATION & EVENTS
We’ve added a new section to make it easier to find information about upcoming events and classes, stay up to date with member news, and sign up for online classes through our partnership with the CE Shop.
NEW NAME! MEMBER NETWORK
Need to contact fellow CBA members or affiliated CRE businesses like appraisers and lenders? We've renamed "Find People" to "Member Network." Click on Member Network and then choose the appropriate member type to search. Your address book is also still found here.
We’ve streamlined our membership information to help those looking to join CBA do so more easily, and to help our current members find forms and information about adding broker, affiliate and appraiser members to your office. If you need to update or change any membership information for your office, be sure to use the current forms conveniently located here.
It’s also the place where you’ll find information about Member Rules, Bylaws, Association Management, and Arbitration Services.
As always, our first priority is providing impeccable customer service to our members. If you have any questions or concerns about the upgrades to the website or have feedback about the new design, please click here to share your thoughts or tell us about any additional improvements you’d like to see.
Wishing All Our Members a Happy Thanksgiving!
We’re grateful for your continued support and wish you a day filled with abundance and good cheer.
To allow our staff to enjoy the day with family both near and far, our office will close at 2 p.m. on Wednesday, November 27th for the Thanksgiving weekend. We will reopen at 8 a.m. on Monday, December 2nd.
Congratulations, 2019 SIOR Brokers of the Year!
We’d like to congratulate all of the SIOR Brokers of the Year winners, awarded and announced as part of NAIOP’s Night of the Stars event. A special shout out goes to our winning CBA members:
SIOR 2019 Investment Team of the Year: Jason Rosauer, Rob Anderson, Kristyn Krueger Team – Kidder Mathews
Ross Klinger – Kidder Mathews
Eli Hanacek – CBRE
SIOR 2019 Office Broker of the Year: Jesse Ottele – Newmark Knight Frank
Greg Inglin – Colliers International
Michael Dash – CBRE
SIOR 2019 Industrial Broker of the Year: Matt McGregor – Colliers International
Matt Wood – Kidder Mathews
Arie Salomon – NAI Puget Sound Properties
To view all of this year’s winners, click here.
Understanding the Lease-commission Process
The lease-commission process can be complicated. As a member-owned association, one of our fundamental missions is to ensure member cooperation and fair compensation. To achieve this, it’s vital that all members follow the proper listing entry process to avoid misunderstandings about commissions.
ALWAYS PROPERLY DETAIL THE LEASE OFFICE COMMISSION ON YOUR CBA LEASE LISTING
In “GENERAL LISTING INFORMATION,” in the box titled “Leasing Ofc Com*,” the listing broker must enter the amount the procuring broker will receive. It is essential that both sides of the deal publish and understand the correct information. Make sure you always confirm and clarify information as we are not always able to protect your commission.
FILL OUT THE COMMISSION INFORMATION FOR YOUR LISTING AS FULLY AS POSSIBLE. When filling out your commission information, the comment box only allows for 60 characters. Include as much information as possible in the entry field. For example:
*To review Rule X.1.a regarding Division of Commissions, click here.
CLARIFY YOUR TERMS. If your lease commission terms exceed the limits of the commission information field, please use the CBA Member Listing Comments to include full details about the commission.
BOTH COOPERATING BROKERS
COMMUNICATE CLEARLY ABOUT YOUR COMMISSIONS WELL BEFORE THE CLOSE OF THE DEAL. Remember that you should always follow up with your cooperating broker to confirm your commission information before the deal is signed and executed. It’s important to understand and agree upon what you are getting paid!
Keep Your Listing Status Up To Date
To maintain an accurate database that helps our members be more productive and successful, it is vital that members do their part to keep the status of their listings up to date.
FIRST: Make Sure You Enter the Correct Listing Status
Active: An active status is an On-Market status and should be used when a valid listing exists and no offer (with or without contingencies) has been accepted.
Pending: A pending status means the seller or lessor has accepted an offer from a buyer or lessee, but the deal hasn't closed yet. CBA members must change the status of a property to pending the minute a contract is executed.
THEN: Keep Your Listings Up to Date
Once you've submitted your listings, you also must keep those listings up to date. This means promptly removing listings that are no longer active and updating a listing's status as soon as that status changes.
Members also must warrant that their listings and any changes to their listings accurately reflect the original listings and any changes to the listings.
Please visit our Member Rules page if you need additional information.
Use Your CBA Flex Pass By December 31st
Fall is here, and that means CBA has more classes available to its members. If you haven’t maxed-out your CBA flex pass, now's the time! Make sure you put your pass to good use and sign up for up to four live classes by December 31, 2019. Choose from any of our class offerings that match your interests and career goals – and earn continuing education credits for your biennial license renewal.
Announcing Our New Quick Search Feature!
We listened to your feedback and developed a Quick Search feature to make your listings searches faster and easier than ever before.
When you’re on the CBA homepage, simply click the orange “Quick Search” button to enter a streamlined search that lets you filter by asset class, property name, market area, CBA ID, and address. Using the quick search function reduces load time for quicker results.
Start a search but need to use the full functionality instead? Just click the “Advanced” button in the top right corner, and you can continue your search with our full data features set.
CBA Member Listings Now Receive National Exposure!
One of many benefits you receive as a CBA member is national exposure through our partnership with Commercial Exchange (CE), a national commercial real estate marketplace. Commercial Exchange brings together sale and lease availabilities sourced directly from brokers in Catylist’s network of 50+ local commercial real estate platforms in markets across the country.
When you post a listing to the CBA database, your listing is automatically added to CE, at no extra charge. This information, just like on the CBA website, is always verified and up to date.
What does this mean for you? If someone in another state or country is looking for a property with criteria that matches yours, they’ll see your listing and can easily access your contact information. And if your client wants to look at properties elsewhere in the nation, you can find up-to-date, verified listings that meet their needs, as well.
To visit the CE database, click here.
New Property Research and Listings Platform Coming Soon!
In alignment with CBA’s mission to help you be more productive and successful, we are pleased to announce the upcoming rollout of a new, Catylist-powered property research and listings platform in 2019.
Over the past two years, the CBA Team and its Board of Directors have been strategically developing and investing in improvements to our current tools and services. As a result, CBA has established partnerships with industry innovators that will benefit our members by enhancing our essential services and the platforms you need to run your business on a daily basis. All CBA members received an email on November 1, 2018 with detailed information about the key features of our new tools.
As we proactively look to the year ahead, there will be some important changes forthcoming. We strongly encourage you to stay abreast of our announcements regarding specific rollout dates, new product training and orientations, and support tools and services offered to help ease and simplify the transition for all members.
Watch this space, your inbox, and CBA’s social-media channels for rollout updates and information about opportunities to receiving training on these powerful new tools!
Legal Library Legacy Tools Retired on March 31st!
As a reminder, with the launch of Legal Library PRO, CBA’s new proprietary legal forms application, we have retired our legacy Microsoft Word and ZipForm Plus products.
IMPORTANT INFORMATION! PLEASE READ:
ZipForm Plus Users
After March 31st, we will not renew or extend zipForm Plus licenses, and the product will no longer be accessible on the CBA website. CBA will not support zipForm Plus beyond March 31st.
Legal Library MS Word Users
MS Word licenses expired on March 31st. After March 31st, we will not renew or extend MS Word licenses, and the legacy MS Word product will no longer be accessible on the CBA website. CBA will not support the MS Word plug-in beyond March 31st.
Any contract information that is lost due to members using unsupported tools beyond the cutoff date will not be retrievable. CBA cannot guarantee the accuracy or validity of MS Word contracts beyond the March 31st cutoff date, and as such bears no liability for issues arising from using expired products or forms.
Register now for free training on our Legal Library PRO application! Dial in for a webinar to learn how to leverage this powerful new tool.
Sign up today!
Are you needing to research apartment building sales in the region..? We’re here to help! CBA provides members commercial marketing analytics on apartment sales since 2000 in King, Pierce, and Snohomish counties, including all 5+ unit market rate apartment properties that are arms-length transactions.
As a CBA member you have access to our Legal Library, over 60 market-standard contracts and legal forms for Washington and Idaho. These are developed and maintained by our legal counsel, and are widely recognized as the commercial industry standard.
Helping You Be More Productive
Learn the tips and tricks so that you can use our website to work better. This one-hour session is bi-weekly, 11:00 AM – Noon, and the next session will be Thursday, October 4. The webinar focuses on using the tools of our site, such as creating Hot Sheets and Broadcast Emails, as well as adding, editing, and managing listings and their media content.
Improving Your Experience
CBA is constantly making improvements to our site and services, some big and some small, and usually in response to your feedback.
One recent tweak that you've asked for is a time-saving feature allowing you to upload photos for your sale and lease listings at a property at the same time.
You can now do this in the "Upload Photo to Additional Listings" feature in the Media Manager.
Go to one of your listings and give it a try!
United Way's Day of Caring
CBA is closed Friday, September 14, so that our staff can help with United Way's Day of Caring, the largest volunteer event in the state, to give back to our community.
CBA staff will be working to help restore Juanita Beach.
We will return to regular business hours on Monday, September 17.
CRE Continuing Education Classes
Now that summer is ending, sign up for our live Commercial Real Estate CE classes, which will help you keep your RE license active:
• SBA 504 Loans – Sept 5 in Kirkland (filling up fast!)
• Commercial Core Curriculum – Sept 10 in Lynnwood
• CRE Development – Sept 14 in Kirkland
• Title, Escrow & Commercial Transaction – Sept 19 in Kirkland
• Phase 1 Environmental Site Assessment – Sept 26 in Seattle
Many more through the end of the year, and more added just last week!
Heading out of town soon?
Spend the boring parts working on your RE license renewal!
The CE Shop has over 25 hours of online CRE Continuing Education courses you can take no matter where you are.
Sign up today!
Nominations* for 2018 SIOR® Awards
Each year the Washington State SIOR® Chapter selects award winners from each of the following categories:
• Office Broker of the Year | Nomination Form
• Industrial Broker of the Year | Nomination Form
• Investment Broker of the Year | Nomination Form
Please complete the nomination forms, and submit them to email@example.com
Deadline for the nominations is August 10
Awards will be based on production from July 1, 2017 through June 30, 2018
*Nominees do not have to be SIOR designees
If you haven't already, ALL realtors must take 2.5 Hours of Code of Ethics training before December 31, 2018.
Can't remember if you've already taken the training? Email WaRealtor or call the new phone number at 1.800.562.6024.
There are two options for the course:
• Code of Ethics Course with CE Credit - $25
• Code of Ethics Course w/o CE Credit – Free
CBA members can also get a discount promo code on the CE course when accessing The CE Shop through the CBA website.
Looking for basic info on how to use our site, or needing a refresher on tips and tricks? Our new training webinar, for Members Only, highlights the most commonly used features of our site and services.
This one-hour session is bi-weekly, 11:00 AM – Noon, beginning August 9.
The first half of the webinar focuses on searching CBA’s site for listings, creating Hot Sheets, and broadcasting e-blasts. The second half focuses on adding, editing, and managing listings and their media content.
Support is now easier than ever to find
Support is now part of the main navigation at the top of our website, and we have just added new How-To Guides, YouTube videos, and in-depth FAQs so that you can get tips on how to use our site at your own pace.
And as always, CBA Members continue to have access to our live support during regular business hours, too.
Did You Know?
Members cannot post listings for which they do not have a signed exclusive agreement. They also cannot post marketing materials branded with any non-member or non-brokerage.
From our Rules & Regulations:
I 14. Courtesy Listings. CBA will not accept courtesy listings from other multiple listing services and/or non-members. I 15. Non-Member Listings. No member or participating agent shall cause a listing of a non-member within their office/ownership to be submitted to CBA. The fine for violation of this Rule is the amount of the then current CBA membership dues for the non-member for one year. All services for the member may be terminated for three months, at which time the offending member office must make application for membership and pay an application fee per the then current fee schedule.
For more about our Rules & Regulations, go here.
Are you working on renewing your RE license?
CBA has partnered with The CE Shop to give our members access to over 25 hours of pre-approved online Commercial Real Estate CE courses anytime, anywhere.
And when you enroll through our website you get discounts on registration.
Sign up today!
Letter from CBA's Board of Directors
The Board of Directors of the Commercial Brokers Association is pleased to announce the hiring of Mr. Chris McDougall as its new President and CEO. He replaces Michelle Mills Clement, who recently accepted a position as the CEO of the Chicago Association of Realtors.
Mr. McDougall is a veteran commercial real estate industry leader with extensive experience in research, data, brokerage, and technology. Most recently Chris was head of Enterprise Information Management for North America at Colliers International, where his team was responsible for numerous strategic data, research, and business intelligence initiatives. Previous roles include Vice President of Information Management at LoopNet, where he was an integral part of the team who developed one the largest commercial real estate property databases in the US at the time, and National Director of Research & Client Services at Grubb & Ellis Company, where he led a team of 100 research and marketing professionals across 45 offices. McDougall also has experience in commercial real estate brokerage and transactions, having been a key member of ATREG, Inc., a boutique, Seattle-based firm specializing in the disposition of semiconductor manufacturing assets, including clean room facilities, industrial buildings, and land.
“We are extremely excited to have Chris leading our organization” stated Jeff Johnson, SIOR, CCIM, and Chairman of the CBA Board of Directors. “Our Mission at CBA is to increase the productivity of our members, and his background in IT, Research, and Brokerage makes him uniquely qualified to run CBA. He is a strong leader who truly understands what it’s like to be a broker, and the ever-changing technology and research trends in our industry.”
Michelle Mills Clement expressed confidence in the board’s choice. “Chris’ depth of knowledge and experience in commercial real estate data and technology, along with his dedication to the brokerage industry, really made him a solid choice for the role. I’m very happy with the search committee’s decision, and I’m confident Chris will continue CBA’s position as the largest and most robust commercial real estate MLS association in the country while taking it to the next level.”
McDougall started his new role on Monday, March 19th.