WHY JOIN WSCAR AS A SECONDARY MEMBER?
As a member in good standing of your local REALTOR® association, you are eligible to become a secondary member of WSCAR for only $164 per year, or less than $15 per month. Join now, and you’ll receive free admission to WSCAR’s upcoming Tax Strategies for CRE Professionals class (3 CE credits, June 9th, 9 a.m. - Noon). That’s a $65 value!
We know you are concerned about issues directly impacting commercial REALTORS® and your clients in Washington State. Therefore, a WSCAR secondary membership is for you. We advocate for:
Owners’ Property Rights
Favorable Tax Policies
Reasonable Real Estate Laws
Fair Real Estate Regulations
By joining us, you become part of the premier, commercial broker-driven association that advocates for all matters affecting commercial real estate and private property rights in Washington State.
Join other industry-leading firms and brokers from Kidder Mathews, Colliers, NAI Puget Sound Properties, NAI Black, Kiemle Hagood, Coldwell Banker Commercial, and many more, in having a seat at the table in Olympia on issues DIRECTLY impacting commercial real estate.
Our professional trade association serves the interests of commercial and investment real estate professionals throughout the state and enhances the profitability and professionalism of our members by offering pertinent legislative advocacy, education, networking opportunities, and discounts on useful business tools and services.
WSCAR has more than 500 active members and institute affiliate members (CCIM, SIOR, IREM, Counselors of Real Estate) from across the state of Washington. Run by a volunteer board of commercial real estate brokers, WSCAR represents Washington’s commercial firms and interests both large and small.
As a WSCAR Member, we will provide you:
Up to date information about the issues that impact your industry and livelihood
Opportunities to participate in industry lobbying activities, like Legislative Day in Olympia
Regular communications, calls to action, and relevant news from our Board
Additional opportunities to support the REALTOR Party (RPAC)
Discounted member pricing for CBA educational courses
For less than $15 per month, the value to you as a commercial broker is enormous!
WSCAR IS AT WORK FOR YOU
Since 2019 WSCAR, with our partners at Washington REALTORS, we have successfully advocated for:
Real estate’s exemption from Washington’s new Capital Gains Tax
Maintaining brokerage companies’ statutory ability to perform dual agency
Real estate’s exemption from a 20% increase in B&O tax rates
Maintaining real estate brokers independent contractor status
Prohibiting multi-family rent controls
And much more ...
During the 2022 legislative session, we closely monitored and worked on bills and rules related to building decarbonization, dual agency, and zoning and housing density laws impacting multifamily development.
During the 2021 Washington state legislative session and with legislators seeking new revenue sources due to the pandemic, our lobbying efforts were successful at excluding commercial real estate, and all real estate, from new Capital Gains taxes enacted in Washington. This was a massive victory for all in our industry!
At a federal level, commercial member dues have also helped support NAR’s efforts to, so far, successfully keep 1031 Exchanges unchanged as part of the infrastructure bill package proposed by the Biden Administration. As you are likely aware, previously there were proposals putting in place limitations or “caps” on like-kind exchanges. Though there is more work to be done, this is VERY positive news for the industry.
In addition, other federal real estate investment taxes appear not to be changing, including no increase to federal capital gains, no change to step-up basis, no tax on unrealized capital gains, no increased estate tax, no carried-interest provisions, and no 199A limits.
Lastly, WSCAR will be promoting the region’s commercial real estate markets and investment opportunities at the C5 Summit. Held in NYC, C5 brings together the most influential players from all international property sectors, offering unrivaled access to the greatest number of development projects and sources of capital worldwide. This unique environment provides exceptional networking, showcasing and commercial opportunities for property advisors, developers, regional authorities, investors, and corporate end-users.