A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and
investment real estate. The designation is awarded by the CCIM Institute, formerly known as Commercial Investment Real Estate Institute (CIREI) of the
National Association of Realtors
The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. It has over 1.4 million members, making it one of the biggest trade associations in the USA including NAR's institutes, so ...
.
[ The CCIM designation was originally established by the California Association of Realtors in 1954 under the name Certified Property Exchanger (CPE).].][Commercial Real Estate Investment Institute - Resource for Facility Managers]
''facilitiesnet.com''. Accessed on April 24, 2020.
A CCIM is a resource to the commercial real estate owner, investor, and user, and is among a corps of over 9,500 professionals around the globe who hold the CCIM designation. CCIM designees live and work in the U.S., Canada, Mexico, and more than 35 other nations. International membership includes more than 1,000 professionals.
CCIMs must be proficient in the areas of investment analysis
In finance, valuation is the process of determining the present value (PV) of an asset. In a business context, it is often the hypothetical price that a third party would pay for a given asset. Valuations can be done on assets (for example, inve ...
, market analysis
A market analysis studies the attractiveness and the dynamics of a special market within a special industry. It is part of the industry analysis and thus in turn of the global environmental analysis. Through all of these analyses the strengths, w ...
, user decision analysis and financial analysis
Financial analysis (also known as financial statement analysis, accounting analysis, or analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project.
It is performed by prof ...
for commercial real estate. In 2007, CCIM Institute launched the Robert L. Ward Center for Real Estate Studies, which offers concentrated courses on specific topics. CCIMs have access to a suite of online technology tools through the Site To Do Business, and they can post properties for sale or lease through the online CCIMNet commercial real estate exchange.
Of the more than 150,000 commercial real estate professionals in the United States, only an estimated 6 percent hold the CCIM designation.
Qualifications
To earn the CCIM designation, one must meet the following requirements:
*Complete Designation curriculum, which includes:
*(CI 101) Financial Analysis for Commercial Investment Real Estate;
*(CI 102) Market Analysis for Commercial Investment Real Estate;
*(CI 103) User Decision Analysis for Commercial Investment Real Estate;
*(CI 104) Investment Analysis for Commercial Investment Real Estate;
*Online Ethics Course; Preparing to Negotiate or Advanced Negotiation Workshop.
*Earn 2 elective credits from other sources.
*Submit a portfolio of qualifying experience before taking the final exam.
*Pass the Comprehensive Exam.
Commercial Investment Real Estate magazine
''Commercial Investment Real Estate'' magazine, the CCIM Institute's flagship publication, features articles about industry trends. Authors for the bi-monthly magazine include CCIM members, industry professionals, and CCIM Institute staff.
CCIM Institute Commercial Real Estate Insights Series
Developed by CCIM Institute Chief Economist K.C. Conway, CCIM, MAI, CRE,
the reports go over:
* national and international commercial real estate trends;
* issues affecting commercial real estate professionals in secondary and tertiary markets; and
* the evolving impact of technology
See also
*Real estate agent
A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and ag ...
* SIOR (Society of Industrial and Office Realtors)
References
External links
The CCIM Institute
{{Real estate
Commercial real estate
Professional certification in finance