Member Information & Benefits

 

 

Membership to the Longmont Association of REALTORS®

 

As a REALTOR® member:

 

·        You must have an active real estate license.

·        Membership can be either as a Primary or Secondary.

·        Primary members pay their N.A.R. & C.A.R. dues along with local Association Dues at time of membership application.

·        Secondary members must hold primary membership at another Board or Association and pay only local dues.

·        Membership requires you to take an 6 Hour Ethics & Professional Practices class. This is a C.A.R. class. Cost is $80.00. Following successful completion of the Ethics class, you will need to complete Orientation.

·        Opportunity to join one or more of the many committees that make up the Longmont Association of REALTORS®.

 

 

As an Affiliate member:

 

·        Affiliate membership is defined as Primary or Secondary.

·        Each Affiliate office must have one Primary member. Others from the same office may join as Secondary members.

·        Membership is on an individual basis.

·        Primary membership is $150 yr., Secondary is $50 yr prorating at the half year.

·        As an Affiliate member, you then have the opportunity to join the Affiliate Committee. Membership to the Affiliate committee is on a office basis as long as you are a member of the Longmont Association of REALTORS®

·        Opportunity to join on or more of the many committees that make up the Longmont Association of REALTORS®.

 

 

The Longmont Association of REALTORS® year is July 1st thru June 30th. Membership is on a yearly basis. Please contact Amy at amy@longmontrealtors.com for actual dues amounts.

 

 

 

 

 

 

Member Benefits:

 

REALTOR® member:

·        Eligibility for membership to the St. Vrain Valley Credit Union.

·        City of Longmont Parks & Recreation Corporate Pass.

·        Preferred Rates at Courtyard by Marriott & Residence Inn by Marriott.

·        The REALTOR® Legal Hotline.

·        C.A.R’s Technology Helpline.

·        Expedia.com.

·        UPS.

·        XO Communication.

·        Dell Computers.

·        Many other discounts available thru N.A.R.

·        Member price on continuing education classes.

·        LunchNet Program.

 

Affiliate member:

·        Eligibility for membership to the St. Vrain Valley Credit Union.

·        City of Longmont Parks & Recreation Corporate Pass.

·        Sponsor continuing education classes.

 

 

Longmont Area Economic Council:

      

             

Real Estate Database Summary – 6/30/09
  •   At the end of 1998, primary employers occupied 6,399,593 square feet of office and industrial space.
  •    From 1998 to 2008, primary employers occupied an additional 868,559 square feet of office/industrial space. 
  •    From 2004- 08, the average annual absorption for primary employers was 177,321 square feet.   
  • At the beginning of 2009, total occupied space in the Economic Council service territory by primary employers was 7,268,152 square feet.  Net absorption through the second quarter of 2009 is a positive 1,462 square feet (compared to 19,001 for the same period in 2008).  This change reflects 168,092 square feet added by new and expanding companies in existing space; and 166,630 square feet of space vacated by existing companies that closed or downsized.  Adjustments were also made to reflect discoveries and adjustments of primary employer space, increasing total space occupied by 3,021square feet.  Right now primary employers occupy 7,272,635 square feet of space.
  • Thorugh the second quarter of 2009, an additional 69,305 net square feet of primary employer space was vacated by non-primary employers.
  • Right now there is approximately 1,234,954 square feet of office/industrial space on the market.  This number reflects only facilities that are ready for occupancy at this time.  The former Maxtor facility was put on the market through its acquisition by Seagate in early 2007.  This sublease property adds 461,330 of square feet to the Longmont market, for a total of 1,696,284 sq. ft.
  •  The current real estate market for primary space in Longmont is 8,507,589 square feet through Q2 2009.

 

This gives us a vacancy rate of 14.5% for the second quarter 2009, compared to 17.6% for the same period in

2008.    The vacancy rate including the Seagate sublease space is 19.9%.

 

Note:      There is no clear distinction between office and industrial space.  Flex space is predominant in the Longmont area.  We do not have a pure office market.

 

Lease/Purchase Cost Ranges

 

Office/Flex Space                                                Median = $11.50/sq. ft.                       Range = $5.00-$18.00/sq. ft.

Industrial/Warehouse Space                            Median = $6.80/sq. ft.                         Range = $3.75-$11.00/sq. ft.

Industrial Land                                                    Median = $4.50/sq. ft.                         Range = $2.00-$9.00/sq. ft.              

                                         

 

Primary Employers

 

Currently we have 198 primary employers in the Longmont area. 

 

~ 4 new companies:  Serious Materials, Elemetric LLC, Lexycom Technologies, and Video Accessory

Corporation, which represents 42 new jobs year to date in 2009.

 

~ 8 companies have relocated or closed their operation out of Longmont resulting in a loss of 70 positions year

   to date in 2009.  Those companies are Aerogrow International, Colorado Coiling Company, High Plain

   Optics, DBM Technologies, Digital Video Security Solutions, Precision Works Manufacturing, RK2 Systems,

    and Sweet Spot Travel Cases.

 

~ 26 existing companies added employees to their operation year to date in 2009 resulting in 311 new jobs.

 

~ 31 existing companies cutback employment year to date in 2009 resulting in a loss of 514 jobs.

 

This gives us a net loss of 231 primary jobs year to date for 2009.

 

Real Estate Vacancy

 

~ Through the end of the second quarter 2009, our real estate vacancy is 14.5% with 1.23 million square feet available. 

 

~ Through the end of the second quarter 2008, our real estate vacancy was 17.6% with 1.48 million square feet available.

 

Net space absorbed from primary employer activity through the second quarter of 2009 is a positive 1,462 square feet.

This compares to 19,001 square feet absorbed for same time period 2008.  Note that these numbers reflect only facilities

that are ready for occupancy. 

 

Prospect Activity

 

~ During the second quarter of 2009, the Longmont Area Economic Council worked with 14 new prospects for a total of

   27 year to date.

 

~ During the second quarter of 2008, the Longmont Area Economic Council worked with 21 new prospects for a total of

   35 year to date.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                          

Public Awareness Campaign

We are please to announce the introduction of the 2008 Public Awareness Campaign, which will make a very important move this year:

REALTOR® differentiation takes center stage with the home buying and selling public. This bold new campaign delivers on the promise we made to you with the original campaign: that once the foundation was properly laid, we’d move to a stronger, more direct message of differentiation.

And we have.

Click on the link below to find out about the new REALTOR® Public awareness Campaign. Brand new ads in television, radio, print and other formats will suggest to your potential homebuyers and sellers to: “Ask Your Agent If They’re A REALTOR®, a member of the National Association of REALTORS®. These new ads use real consumers telling, in their own words, the stories of their homeownership experiences and how they wouldn’t want to go through it with anyone else but their REALTORS®.

 

http://www.digital-bridge.biz/nar/members.html

 

 


 

Government Affairs Update

December  2008

Barbara Koelzer, Regional Government Affairs Director

bkoelzer@ires-net.com

303.886.5675

 

ELECTION UPDATE

 

ELECTION UPDATE

·          REALTOR®-Endorsed Candidates Fare Well in Election: No doubt everyone is breathing a sigh of relief now that the election is over and the never-ending assault of political ads has ceased. It is encouraging that many REALTOR® backed candidates were elected to office. In Weld County, all 3 county commissioner candidates supported by the Greeley, Longmont and North Metro Associations were victorious. At the state level incumbent REALTOR®-endorsed Rep. Glenn Vaad and Sen. Brandon Shaffer were re-elected. Incumbent U.S. Representative Marilyn Musgrave was defeated by Betsy Markey in her bid to serve another term. Ms. Musgrave was supported by NAR’s National Political Action Committee on the recommendation of the REALTOR® Candidate Political Action Committee. Unfortunately not all REALTOR® endorsed issues were approved by the electorate. A much-needed mill levy override finally passed for the St. Vrain Valley School District after multiple attempts. Boulder County voters approved the creation of an innovative Clean Energy District, a proposal that was supported by both the Boulder and Longmont associations. At the State level Amendment 52 (severance tax funding for I-70) and Referendum O (to revise the citizen petition process to put constitutional measures on the ballot), both of which were supported by the REALTORS® lost. On the bright side, Amendment 58 (Gov. Ritter’s plan to increase severance taxes to fund college scholarships and other projects) which was opposed by the REALTOR Issues Political Action Committee lost.

Boulder County

·          County wants Input on Clean Energy District: In November voters passed the REALTOR®-endorsed County Ballot Issue 1A which grants permission to Boulder County to issue bonds for the purpose of providing financing options to residents and businesses for renewable energy and energy efficiency improvements via a Clean Energy Options Local Improvement District. Now the County wants input from citizens regarding program logistics. A public workshop is scheduled for Dec. 2 from 5:00 – 7:00 PM in the Commissioners’ Hearing Room in the County Courthouse. Staff’s goal is to present the proposal to the public again before the County Commissioners approve the finalized proposal in January 2009.

Longmont

·          Council Approves LAEC Funding: After approving a Sean McCoy motion to deny providing any funding to the Longmont Area Economic Council in 2009 in an earlier meeting, the Council reconsidered the matter and has allocated $30,000, half of the originally proposed amount, to LAEC in its second budget hearing on November 18. The Council took half of the money from its “city-wide efficiency fund” and half from its water and electric funds. It’s a good thing that Council member McCoy reconsidered his ill-advised motion, because Mayor Roger Lange and Mayor pro tem Karen Benker serve on the LAEC board of directors and therefore had a conflict of interest and didn’t vote. This allowed McCoy, Sara Levison and Brian Hansen to out-vote Council members Gabe Santos and Mary Blue in the initial vote. To cut funding for LAEC when the economy is weak and the City needs new primary employers would’ve been a critical mistake.

Longmont

·          Election Task Force to Present Recommendations on Dec. 2nd: The nine member Election Task Force has been meeting weekly for several months and will present its final report to the City Council on December 2nd. The Task Force has already decided to include a recommendation that the Fair Campaign Practices Act be revised to limit candidate donations to $1,000 maximum from any source in an election cycle. The vote was approved by a 5-2 vote. (Councilman Gabe Santos was absent). Once the Task Force presents the report, the City Council intends to move quickly to adopt an ordinance by the first of the year. A majority of Council members have already gone on the record to state a $1,000 maximum donation is still too large. Observers expect the final limit to be under $500.

·          City Considers Allowing Chickens: Allowing city dwellers to keep chickens is the latest land use trend. Seven Colorado jurisdictions have approved hen-keeping in urban areas. In September, the Fort Collins City Council approved a revision to Land Use Code change to allow 6 hens (but no roosters because they’re too noisy) per parcel. Among concerns researched by Fort Collins staff was the issue of the amount of greenhouse gas emissions produced by chickens. Apparently the City Council was relieved to learn that even if every household in the city had six chickens, the amount of methane gas produced would account for just .0009 of the city’s total methane inventory. As a result of a citizen request the City of Longmont is also researching an ordinance to allow hens in the city. A public meeting was held on November 12th to gather feedback on the proposal. Planner Ben Ortiz expects that if the City Council moves forward with its own hen ordinance it will follow the Fort Collins<SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font

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