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As the commercial real estate business grows and evolves, CBA remains dedicated to ensuring that our members benefit to the fullest extent from cooperating with the rules and regulations of our association.    


In connection with revisions to the Washington State Agency Law that go into effect on January 1, 2024, CBA’s Board of Directors has voted to update a number of CBA’s Member Rules, including an update to RULE X. COMPENSATION.  

 

To summarize for you, these rule changes: 

 

  • Clarify that CBA has no rule mandating offers of compensation


  • Change legacy terminology from "Commission" to "Compensation" and from “Selling Office” to “Buyer Brokerage Firm” and “Buyer Broker” 


  • Decouple buyer brokerage compensation from listing brokerage compensation, thus discontinuing the legacy compensation practices from the era and practice of sub-agency 


  • Permit CBA and CBA Members to publish buyer-broker compensation publicly 

 

For a complete set of CBA’s Member Rules, click below.

VIEW CBA'S MEMBER RULES

To review all commercial aspects revisions to the new Washington Agency Laws, please visit CBA’s Agency Law Resources. There you'll find CBA’s Legal Bulletin on the agency changes, videos from CBA’s legal counsel discussing the changes, the new Real Estate in Washington Pamphlet, a complete guide and links to updated Legal Library PRO forms and contracts, and class registrations for webinars educating brokers on the new agency laws.  

VISIT CBA'S AGENCY LAW RESOURCES PAGE

As always, our first priority is providing impeccable customer service to our members. If you have any questions or concerns about our member rules, please contact us at (425) 820-3348 or email us at cba@commercialmls.com.


Best regards,


The CBA Team

Commercial Brokers Association | 12131 113th Avenue NE, Suite 101, Kirkland, WA 98034
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