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Dear CBA,
Over the past five years, CBA has partnered with leading technology providers and invested heavily to provide you with a new and improved platform and tools for your affiliate membership. These improvements include a modernized website, a new property search platform, upgraded and updated Legal Library PRO forms, and a new online, CRE-focused continuing education platform and classes.
To fund these investments and maintain our service excellence to you, we are implementing an increase of $25 to the annual affiliate membership dues. And for those affiliate members with online access, there will be a $15 per month increase for CBA affiliate member dues. These increases will be effective on January 1, 2023. We hope by offering you this advance notice, it will help in your business planning and mitigate the impact for you and your firm. Enclosed is an updated fee schedule for your reference.
Raising dues is never taken lightly by CBA’s Board of Directors and our management team. We realize the timing of this increase comes at an uncertain time for the industry due to the current phase of the market cycle. However, it is necessary to help pay for investments and licensing in our technology platform, and to continue to offer our members improved tools and high-quality service at a low and reasonable price.
For those affiliate members with online access, here is a summarized overview of our key investments and enhancements to the CBA platform:
Property Search: The full conversion and rollout of our listings and property search platform is now complete for our core commercial properties. You can easily access researched lease and sale listings and CBAcmas, as well as receive automated listings notifications.
Benefits Include:
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Trusted, Validated Listings and Property Data: You get an accurate, comprehensive picture of the current CRE listings in the Pacific Northwest and Idaho in a system leveraging granular, validated property level data with an intuitive map search. Our platform is locally researched and validated by our in-house research team and is now also backed by Moody’s Analytics' national CRE database of validated and curated information, which covers 6.5 million commercial properties in the United States. Our teams of professional researchers interpret and curate data from multiple sources, and consistently monitor the latest market activity to ensure accuracy.
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Powerful Technology: Our advanced platform combines multiple data sets into our property-centric model, tying everything back to the underlying parcels. Custom search capabilities allow you to explore markets geospatially. Easily map off individual areas, compare properties, and access various parcel aerial and street-level views.
- Robust Reporting Tools:
- Advanced property and listing reporting tools provide an enhanced and improved experience
- Block-level demographics, traffic counts, and tenant information
- Real-time insights and analytics on any set of properties
Apartment CBAcmas: We’re also incredibly pleased to announce that beginning on January 1, 2023, our Apartment/Multifamily CBAcmas will become available to all members for no additional fee.
CBAcma is a comprehensive, accurate, reliable, locally researched database that provides detailed information on all recorded commercial sales $250,000+ in the state’s six largest counties (King, Kitsap, Pierce, Snohomish, Spokane, and Thurston counties). CBA members can access copies of the last recorded documents, plat maps, and high-resolution photos of the properties.
Legal Library PRO: In 2021, we released a completely updated and revised suite of contracts and forms for Washington state, and most recently we released our new Clause Library. We are committed to investing in this essential member tool by making continued improvements. Based on user feedback, we plan to develop an upgraded and improved user interface to make Legal Library PRO even easier and faster to use.
Continuing Education: During the COVID pandemic, we pivoted quickly and invested in resources to provide online, live continuing education classes. We also entered a strategic partnership with ExceedCE to provide our high-quality, commercially focused classes in an on-demand format to help you satisfy state requirements for license renewal.
Customer Service: And finally, we’re proud to say that we’ve retained and strengthened our research, education, and support staff to continue to deliver you the highest level of service, even during extremely tough economic times.
As a member-owned cooperative, CBA remains committed to offering the quality and service you expect and deserve. We value every one of our members and throughout our history have worked extremely hard to minimize pricing increases to the least possible amount while still fulfilling our mission to the industry and achieving our objectives.
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