Application Guidelines

The Commercial Association of Brokers (CAB) Oregon/SW Washington grants annual awards to recognize exceptional brokers in the following categories:

- Industrial Brokerage

- Investment Brokerage

- Office Brokerage  

- Retail Brokerage  

- Multifamily Brokerage  

- Rookie Broker

- Team Awards (Industrial, Investment, Office, Retail, Multifamily)

QUALIFICATIONS  

To qualify for an award, at least two-thirds of your business must be in the specific category for which you are applying. Additionally, all applicants must:

1. Be licensed by the Oregon or Washington Real Estate Agency.

2. Be a real estate broker member in good standing with CAB for both 2023 and 2024.

3. Ensure their Principal Broker is also licensed and a CAB member in good standing.

4. Submit transactions that were closed, paid, or with installment payments confirmed in the previous year (January 1, 2024 - December 31, 2024).  

Only transactions closed after becoming a CAB member can be counted. If a deal was closed at a previous firm, you must provide certification from your former Principal Broker.

SELECTION PROCESS  

The Awards Selection Committee will review all applications and identify the broker with the highest production in each category, calculated based on the Rules for Calculating Volume (outlined below). Award recipients will receive a permanent plaque as recognition.

RULES FOR CALCULATING VOLUME  

- Full credit is given in the year a transaction closes, even if paid via installment commission.  

- Transactions in which the broker owns more than 10% of the entity buying, selling, or leasing cannot be used for volume credit. If ownership is 10% or less, credit will be reduced by the ownership percentage.  

- Credit is only given for transactions where the broker directly represented the buyer, seller, or both.  

- No credit is allowed for non-transaction fees such as appraisals, evaluations, consultations, or finder's fees.  

- All transactions must be commercial (no residential).  

- Credit for referral fees will be deducted from the applicant’s volume credit.  

- For exchanges, the value used to calculate commission is the value used to calculate volume credit.  

RULES FOR LEASE TRANSACTIONS  

1. Credit is given based on the percentage of the total commission received for each party (Landlord or Tenant) in the transaction.  

2. If more than one real estate company represents the same party, credit is divided according to the commission split.  

3. If a lease contains an option to purchase, additional credit can be claimed if the purchase price exceeds the previously claimed lease value.  

4. If a lease allows for early termination, credit is limited to the term through the first possible termination date. Additional credit may be claimed if termination does not occur.  

RULES FOR SALES TRANSACTIONS  

1. A sale is only considered for Industrial, Office, or Retail awards if the property is owner-occupied. Otherwise, it is considered an Investment Sale.  

2. Credit is based on the percentage of the sales price that corresponds to the broker’s portion of the total commission.  

3. For sale-leaseback transactions, credit is given for the sale only, unless separate documentation confirms that two distinct commissions were paid.

If you have any questions or need further clarification, feel free to contact CAB or your Principal Broker.

Presented to the Commercial Association of Brokers member (or members) who successfully closes the most complex real estate transaction of 2024. 

CRITERIA 

1. The transaction must be outstanding, noteworthy, and show the most initiative, ingenuity, originality, constructiveness, imagination, and ability. 

2. The size or consideration of the transaction shall not be considered by Awards Committee. 

3. Applicant must be licensed by the Oregon or Washington Real Estate Agency, a broker member in good standing with the Commercial Association of Brokers in both 2023 and 2024 and whose Principal Broker is licensed and a member in good standing.  Only transactions closed after the effective date of CAB membership can be counted. 

4. All transaction entries must be closed and consummated during the twelve months preceding the closing date of the contest.  Closing date for executed transactions shall be December 31, 2024.  All entries must be certified by the applicant’s Principal Broker. 

5. In the event an applicant wishes to submit a transaction for volume which closed or had an effective date during the time said applicant was affiliated with a company other than applicant's current company the applicant shall have his previous Principal Broker certifying the validity of the transaction(s) by executing a Letter of Certification.

Recognizing the individual, company or team who successfully completed a noteworthy industrial, office, retail, multi-family or sustainable development(s), re-development(s) or project(s) in 2024 (to include developers, contractors, engineers, architects, attorneys, lenders). 

Applications may be completed by Developer, Contractor, Engineer and/or Architect. The entry must be noteworthy, and show the initiative, ingenuity, originality, constructiveness, imagination, collaboration, etc. All entries must be substantial completed by December 31, 2024

Ideal candidates are individuals with a deep commitment to their community and a willingness to put in the work to make things happen.  A community can be defined as a geographic community or having a particular characteristic in common, a cultural community.  They are community champions who positively impact their communities by finding creative solutions, developing and strengthening networks, or showing high levels of resourcefulness.  

Candidates are on the frontlines of making things happen or those who are at the edge of something game changing. They are the people who may or may not have had a seat at traditional leadership tables, but they move their community forward regardless. Candidates may not have been formally recognized or celebrated, but they are considered key difference makers by others in their community.