There are many commercial real estate investors out there. And it’s hard to know who to trust. That’s why you should always turn to a CCIM for your next investment. A CCIM is a Certified Commercial Investment Member and one of the few designations in real estate that requires a high level of education, training, and experience. The job of a CCIM is to help its clients make smart decisions with their investments by using data-driven analysis, professional expertise, and ethical standards when making recommendations. These factors make them uniquely qualified to advise you on any commercial transaction or project!
WHAT IS A CCIM?
A CCIM is a Certified Commercial Investment Member. They are awarded by the CCIM Institute, which was founded in 1955 as an educational and professional association for commercial real estate investors worldwide. Today, it has more than 12,000 members worldwide who have earned this designation with their rigorous education and licensing requirements.
The CCIM designation is the highest level of accreditation that can be awarded to real estate professionals. It signifies not only a high level of knowledge about commercial real estate but also many years of experience working with developers, property owners and tenants on all aspects of development projects.
A person who holds this credential has been rigorously vetted by his peers as an expert advisor in commercial real estate transactions—and if you’re looking for someone with deep industry knowledge who can help guide you through complex deals or simply provide advice on how best to maximize your investment opportunities while minimizing risk (or both!), then hiring a CCIM may be worth your consideration!
HOW DOES THE CCIM DESIGNATION WORK?
The CCIM designation requires a minimum of five years of experience and education. The rigorous application process includes a written exam and an oral exam. Upon completion of the first level, a candidate must achieve ongoing education in order to maintain the designation. This requirement can be met either through continuing education courses or through certification from various programs offered by various organizations such as Harvard University or MIT.
The Value of a CCIM:
- CCIMs are trained to look at the big picture.
- They have a broad knowledge of real estate investment, including commercial and residential properties, land, construction lending and tax shelter investments.
- They can help you avoid mistakes and get the most out of your investment. For example, they can help you:
- find the right property, based on your goals and limitations;
- negotiate a good deal on that property; and/or
- find financing for it (the best rates available).
WHY SHOULD I HIRE A CCIM FOR MY NEXT COMMERCIAL TRANSACTION?
If you’re a commercial real estate investor, hiring a CCIM for your next deal can help you be more successful. Commercial real estate investors come in all shapes and sizes. There are individuals who invest in office buildings, industrial properties and retail centers; there are groups of investors who pool their capital together to purchase large portfolios of properties; there are also institutional investors like pension funds that buy up entire buildings or portfolios of them.
CCIMs have the knowledge and expertise to guide you through each stage of the investment process—from evaluating potential investments to negotiating terms with sellers. And because they work with so many different types of buyers, sellers, investors and other professionals on a day-to-day basis (including appraisers), they know what works best when it comes to buying or selling commercial real estate.
Credibility:
The CCIM designation is held to a higher standard of professionalism, education and ethics. If you are looking for an investment property manager who will have the knowledge and experience necessary to get your deals done, it is important that they have been educated at the highest level and hold a professional designation as well. CCIMs are held to a higher level of ethics because they are required to abide by strict guidelines issued by The Institute of Certified Commercial Investment Members.
Read Also: How to Calculate Commercial Real Estate Investment Returns
The ICCIM represents all real estate professionals who specialize in commercial investments and holds them accountable for their actions with regard to fair business practices, legal compliance, high ethical standards and professional conduct. To become certified as a CCIM there is an extensive process that requires adherence not only to these guidelines but also hands-on experience within their field.
Conclusion:
The CCIM designation is a great asset to anyone looking to buy or sell real estate. It’s like having an expert on your side who has experience working with investors and understands the value of capitalization rates, cap rates and other key metrics that will help you make an informed decision about whether or not this investment is right for you.
