Commercial Investment Real Estate

MAR-APR 2015

Commercial Investment Real Estate is the magazine of the CCIM Institute, the leading provider of commercial real estate education. CIRE covers market trends, current developments, and business strategies within the commercial real estate field.

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13 March | April | 2015 CCIM.com Legislative Af airs Subcommittee discusses issues that need attention on our many conference calls during the year and at our biannual meetings. We then ask staf to take the appropriate action, which varies from simply monitoring proposed rules and regu- lations to revising a statement of policy on a particular issue, to asking NAR to take up a matter in Washington, which could mean introducing legislation or trying to modify or defeat existing legislation. In addition, we work to raise member awareness through grass-roots lobbying, responding to NAR calls to action, and get- ting other practitioners involved. We also encourage contact with NAR federal politi- cal coordinators, who are Realtors assigned to each senator or representative in every state, as well as participation in state Realtor organizations. CIRE: CCIM's annual Capitol Hill Visit connects members with legislators. What's changed about this year's annual visit? Nimkof : In past years CCIM has worked with the Institute of Real Estate Manage- ment, which has a very ef ective Capitol Hill Day each April discussing commer- cial issues. Starting this year, CCIM will join NAR's Realtors Legislative Meetings & Trade Expo in May, when several thousand Realtors go to Washington, D.C., to meet with legislators. CCIM members will be there to provide knowledge of the commer- cial issues. When meeting with legislators, nothing is more important than to share a f rsthand experience about a problem that legislation can address. T e Institute has increased the maximum reimbursement to $850 for chapters that send a representative to the NAR meetings. CIRE: What's the one thing CCIMs can do to bring about legislative change? Nimkoff: Give to the Realtors Political Action Committee. Even CCIMs who aren't political junkies know the potential damage of not being represented. RPAC is the 180- pound gorilla in Washington. In addition to being one of the biggest fundraisers, it is backed by more than 1 million Realtors, many who vote or are active in the commu- nity where they live. Being part of the NAR family, our CCIM members get the benef t of RPAC and most don't even know it. If even half of our mem- bers gave $99 per year to RPAC that would earn us a better seat at the table when NAR is deciding what issues its members should take to Capitol Hill each year and what staf should be working on every day in our Washington of ce. To contribute to RPAC, go to www. realtoractioncenter.com/rpac. Sara Drummond is executive editor of Com- mercial Investment Real Estate. To learn more about this course, visit CCIM.com/ward or call (800) 621-7027, option 2. Gene Trowbridge, CCIM, senior partner at Trowbridge Taylor Sidoti LLP, will show you how to attract and pool private money to finance your commercial real estate deals and increase buying power. This 2-day workshop covers how to: CHICAGO: May 7 - 8 and NEW YORK: July 20 - 21 s3TRUCTUREYOURDEALSINCLUDINGWHATLEGALENTITIESTOUSE s2AISEMONEYWHILEFOLLOWINGAPPLICABLESECURITIESLAWS s&INANCEDEALSTOMEETINVESTORSEXPECTATIONS; Ultimate Group Sponsor Workshop

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