What designation would you describe as equivalent to CCIM?
I had a family member with no CRE experience or knowledge ask me what the CCIM designation would be equivalent to compared to other designations. Honestly wasn't sure how to describe it. I'd guess it would be more advanced and higher up than a CPA, maybe less than or equal to the CFE? Heard someone describe it as a PhD equivalent for CRE. Wondering what others think of this.
[{"id": "i0z9mgn", "text": "Oh no\u2026Please never equate CCIM to CPA. The fact that you are even mentioning PhD makes me think you are baiting.", "replies": [{"id": "i0za1cn", "text": "I mean no offense, just generally asking because I have been asked by family members recently because I plan on signing up for the course coming up in the next few months. I just tell them that to even qualify for the designation, a person has to have a significant portfolio of closed transactions so it's geared towards seasoned professionals.", "replies": [{"id": "i0zc1fu", "text": "No worries at all. I didn\u2019t mean to come off as harsh, just wary as this sub gets trolls sometimes. Some people here may recommend getting the CCIM, but it really depends on what tier/market size of the industry you play in. For someone who does not work on the finance/debt/investment side every day, then it may be helpful to learn and understand some of those concepts. The courses may also help you network with others looking to pursue a similar path. However, for me personally, I do not think the designation is what it used to be and I wouldn\u2019t get much value out of it. If you do end up pursuing it, I\u2019d recommend not tacking it onto your signature / LinkedIn; it looks tacky in my opinion. I\u2019m sure others feel differently, though. Good luck either way!", "replies": [{"id": "i0zc6or", "text": "Thank you!!", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "i10kv2w", "text": "As a CPA Broker, I can tell you that they're not at all in the same ballpark, and you would not do your reputation any favors by conflating the two.", "replies": [], "depth": 2}], "depth": 1}, {"id": "i0za297", "text": "It\u2019s not even close to a PhD it\u2019s so far below it. CCIM is not even that hard to get it\u2019s just time consuming, it\u2019s a fine designation. A MAI, CFA, MBA, MSRE or MRED are all far above a CCIM in difficulty and level of knowledge that needs to be attained.", "replies": [], "depth": 1}, {"id": "i0zbb5z", "text": "If you have a masters in real estate you only have to take one course, I just don't know if its something I want behind my name given how many low level brokers have it.", "replies": [], "depth": 1}, {"id": "i0zc3ep", "text": "Maybe a licensed residential appraiser both have similar classes to take, but the appraiser requires more clinical learning.", "replies": [], "depth": 1}, {"id": "i0zc708", "text": "For appraisers, an equivalent level might be the MAI (Member of the Appraisal Institute) designation.", "replies": [{"id": "i0zl1ke", "text": "But of semantics and a common misconception. MAI is a designation not an abbreviation. Absolutely anyone can be a member. Agents, brokers, financiers can be affiliate members. Appraisers pursuing, or not pursuing (taking the classes) a designation can be members also.", "replies": [{"id": "i0zpho5", "text": "You are correct that MAI is not an abbreviation however it is one type of designation (SRA/AI-GRS/AI-RRS) and you must be designated to be a member. Everyone else is an affiliate and can have that stripped from them if they claim to be a member.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i0zeqlc", "text": "EMT?", "replies": [], "depth": 1}, {"id": "i10cpqv", "text": "It's probably closest to general appraiser or appraisal institute designation, non-real estate maybe an entry-level stockbroker?  The value of being a candidate might be to secure an entry-level role, other brokers  and some potential clients at very least understand that you have taken the time to learn and practice the basics of CRE finance. If states had different licenses for commercial than residential (I don't think any do) it might a start at the curriculum. The issue someone completely new will have is building a portfolio which will take time and deal experience.", "replies": [], "depth": 1}, {"id": "i10etha", "text": "How much is CCIM paying you to post this?", "replies": [{"id": "i11l8nd", "text": "Lol 20% off Course 102", "replies": [], "depth": 2}], "depth": 1}, {"id": "i11pq4a", "text": "A CPM designation from IREM is the most comparable, including course requirements, testing and costs. For this reason, there is some reciprocity between the two designations and you can get most of your CCIM education requirements waived with a CPM designation. Last time I checked, you only needed to take one CCIM class and the test prep course and you could test for a CCIM designation. \n\n\nNeither is comparable to a MRED or PhD.", "replies": [], "depth": 1}]