Are Real Estate Designations Worth It? (SIOR, CCIM, ALC, etc.)
I had a thoughtful conversation about real estate designations from a commercial brokers perspective and I'm looking forward to your hot takes on the advantages or idiocy of snagging a CCIM, SIOR, or otherwise.
[{"id": "it3vknf", "text": "Depends on your career aspirations and what else is on your r\u00e9sum\u00e9. I have a fancy BS, a fancy MBA plus really good work experience (and own my company) so don\u2019t need this. \n\nIf you\u2019re looking to set yourself apart from other workers to get a job or from other company owners then these might move the needle in your favor.", "replies": [], "depth": 1}, {"id": "it4gs51", "text": "If you want to be a broker CCIM (or in some markets SIOR) can be a good way to give yourself credibility and stand out from the pack.", "replies": [], "depth": 1}, {"id": "it4y9p6", "text": "Nobody thinks that CCIMs are the CFA\u2019s of real estate. Hell even a CFA is overkill in CRE. If you think that the CCIM is important, then odds are you have it and like stroking yourself.", "replies": [], "depth": 1}, {"id": "it5g0fs", "text": "IMO, there\u2019s no harm in taking the first CCIM class to learn some about underwriting, but the CCIM designation means zero in SoCal in my experience.", "replies": [], "depth": 1}, {"id": "it74s4g", "text": "Depends on what specialty you\u2019re going into. I know quite a few firms in the DC region that require/highly recommend some designations if you\u2019re going to be in strat dev, acquisitions, portfolio mgmt, etc. Many others don\u2019t care.  I have a few designations and keep them up to date primarily for the networking opportunities.", "replies": [], "depth": 1}, {"id": "it9z1u8", "text": "No", "replies": [], "depth": 1}]