What is the difference between a Residential Realtor™ and a CCIM?
A CCIM (Certified Commercial Investment Member) is a recognized expert in the commercial and investment real estate industry. The designation process ensures that CCIMs are proficient not only in theory but also in practice. This elite corps of CCIMs includes brokers, leasing professionals, investment counselors, asset managers, appraisers, corporate real estate executives, property managers, developers, institutional investors, commercial lenders, attorneys, bankers, and other allied professionals.
What is Your Advantage using a CCIM?
- Recognized as an expert in the commercial and investment real estate industry
- Have direct access to a network of 13,000 members across the U.S………. and around the globe
- Advanced tools such as:
- Designation Promotion (The Wall Street Journal, GlobeSt.com, and more)
- STDB(link is external)(demographics, GIS, and more)
- Commercial Investment Real Ph.D.
- DealShare property marketing platform
- Cash Flow analysis
- They can network with one another through the exclusive online CCIM exchange which is a network of CCIM’s in over 1,000 markets globally. Throughout this business network, CCIM members successfully close thousands of transactions which represent more than $200 BILLION annually.
The world of Commercial Real Estate is a complex industry and covers a myriad of property types and situations. Anyone “Realtor” can list a commercial property or for that matter, perhaps sell one. Then what IS the difference between a residential and commercial Realtor? Having a professional to represent you in a commercial real estate transaction is of far greater importance than if you are simply selling your home. And hiring a CCIM is the best choice available for anyone looking for help with their commercial real estate or investment needs.
Certified Commercial Investment Members (CCIMs) use a multifaceted approach of market analysis, property analysis, demographics, negotiation, and general market knowledge to help their clients make the array of decisions necessary to successfully buy, sell or lease commercial real estate.
The additional training that CCIMs undergo makes them valuable assets to even the most demanding real estate investors. The CCIM curriculum deals with the core concepts needed by commercial investment practitioners, regardless of the diversity of specializations within the industry. So, when you deal with a CCIM, you can be confident you are getting the best advice and service possible.
Can I get a CCIM?
It can take up to 10 or more years to earn a CCIM designation. It is not just a book/classroom learning. It requires a practical application and a thesis-type presentation of that experience. The individual who has attained the CCIM designation has done so at a great personal cost of time, effort and expense. The CCIM designation is a coveted and elite goal, and only the most dedicated individuals even begin the grueling task of attaining the title. Once achieved, however, the CCIM is recognized as an expert in the commercial and investment real estate industry.
Holding the CCIM designation is understood in the industry as having a Ph.D. in Commercial Real Estate. Only 6% of the estimated 150,000 commercial real estate practitioners in the United States hold the CCIM designation. This reveals not only the caliber of the program, but it also reflects why it is the most coveted designation in the commercial real estate industry. Becoming a CCIM is not for the faint of heart. Only Agents who wish to excel at the top of the field will endeavor to become a CCIM.
If you have commercial Real Estate and need expert representation with leasing/buying/selling commercial real estate, you owe it to yourself to utilize a CCIM.