Friday, November 23, 2007
CCIM - what does it stand for?
Certified Commercial Investment Member - essentially this is a Realtor designation given to those agents who have been taught how to analyze commercial and investment property. There are four one week courses - financial analysis, user decision analysis, market analysis and investment analysis. A candidate for the designation also must submit a portfolio of completed transactions with their applicable analysis work done. Finally the candidate must pass a national exam given only twice per year at the CCIM bi-annual conventions. Perhaps some 10% of all commercial agents ever achieve this designation. Those who do are assuredly experts in their trade. Whenever I look in different markets for help on transactions, I seek out other CCIM's for their deep knowledge.