CCIM Designation Provides Advantages in Challenging Market
R. J. Sirois
FOR IMMEDIATE RELEASE
CCIM DESIGNATION PROVIDES ADVANTAGES IN A CHALLENGING MARKET
(CHICAGO) November 2009 —Despite the extremely challenging commercial real estate market, 624 real estate professionals in 2009 earned the Certified Commercial Investment Member (CCIM) designation from the CCIM Institute, one of the leading commercial real estate associations in the world. The number of designations awarded this year, including 145 in China, Taiwan, and South Korea, shows that commercial real estate professionals see the CCIM designation as an important marketplace advantage.
“There’s no nice way to say that this is the worst economy anyone has seen in more than 20 years, and it could be the worst in 70 years,” said Richard E. Juge, CCIM, 2010 president of the CCIM Institute. “We have well-credentialed people laid off on the capital market side of the business taking advantage of CCIM education, and I think those are the ones who will rise to the top in the end.”
The CCIM designation is awarded to commercial real estate professionals upon successful completion of a graduate-level education curriculum and presentation of a portfolio of qualifying experience. The curriculum addresses financial analysis, market analysis, user decision analysis, and investment analysis—the cornerstones of commercial investment real estate. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis, and have access to the networking, education, and technology tools that are more important than ever in the industry. New in 2010 are a redesigned and evolved curriculum, as well as a new commercial property data exchange—CCIM REDEX—that will complement the CCIM Institute’s Site To Do Business, an online suite of custom demographic and mapping reports, financial analysis tools, business lists, and other resources that are essential to a successful commercial real estate transaction.
At a time when many real estate professionals are working as independent contractors, the CCIM designation is an important differentiator for companies hiring for commercial real estate projects. “If I have two or three rèsumès on my desk and one candidate is a CCIM and the others aren’t, it will set that person apart,” Juge said.
Since 1969, the Chicago-based CCIM Institute has conferred the Certified Commercial Investment Member (CCIM) designation to commercial real estate and allied professionals through an extensive curriculum of 200 classroom hours and professional experiential requirements. Currently, there are more than 9,000 CCIMs in 1,000 markets in the U.S. and 31 additional countries. An additional 7,000 practitioners are pursuing the designation, making the institute the governing body of one of the largest commercial real estate networks in the world. An affiliate of the National Association of Realtors®, the CCIM Institute’s recognized
curriculum, powerful technology tools, and networking programs impact and influence the way CCIM members do business. Visit edchiryoyaku.info for more information.