CCIM
After
over three years of attending classes, taking tests and putting together,
submitting, correcting and re-submitting an extensive portfolio, then taking an
80 hour/sixty question final exam, I am now an official CCIM designee. Here is a brief history and description of
CCIM:
CCIM,
owned by the National Association of Realtors, was founded 1954 and is now the
premier distinction for commercial real estate professionals. CCIM was founded Jay Levine, the first
President, and Jim McMichael, the first designee. Since its inception, CCIM has grown into a
global organization with more than 15,000 members. The four core courses of CCIM include
Investment Analysis, Market Analysis, User Analysis and Financial
Analysis. Each course is 5 days and
includes a 4 hour exam. After passing
the 4 core courses and two elective courses, a cumulative final exam is all
that stands in the way of a potential designee.
Even though CCIM presents a time consuming challenge for candidates, in
my opinion it is undoubtedly worthwhile and I will explain why.
CCIM is
respected by anyone that has been in the commercial real estate business for
any length of time; it is automatic credibility. Additionally, the information and resources
are tremendous. CCIM teaches practical
techniques for real estate professionals (brokers, investors etc). It gives you an understanding of Real Estate
on a different level and enables you to perform analysis that you didn’t think
possible. I’ll put it to you this way, I
thought that I generally understood some forms of analyzing real estate
investments beforehand, but after going through CCIM, I realize how little my
understanding was before. Not only is it
formulas and techniques, but you gain an entire new perspective on real estate
investment, you conceptually grasp the material. Internal Rate of Return, Depreciation and
Cost Recovery, Basic Employment, Net Present Value and much more become topics
that you understand and appreciate.
Also, CCIM membership gives you access to their “Site to Do Business”
program which is terrific for site analysis (demographics, etc). Membership also gives you connections, but
not just ordinary relationships-relationships with people that put the big
deals together in the commercial real estate.
CCIM is more than a designation; it is a career boost, a confidence builder,
a credibility enhancer, a connection boost, and a concept coach (Sorry, I had a
few C’s in a row and I just decided to go with it).
Bob Caperton, Jr.
Fore more information on Dalton Ga Real Estate go to my website:
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