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WHAT CHARTER HOLDERS ARE SAYING...
“The CRI exams and designation are a very effective method to determine the depth of commercial real estate knowledge of an individual. Whether they are a job applicant, candidate for advancement or simply desire to self-test, the CRI exams bring objectivity to the evaluation.”
Mark Fisher Vice President & Managing Director, StanCorp Mortgage Investors, LLC
“The industry needs to be able to rely upon a measurable standard of excellence for its real estate professionals. The CRI exams and designation is the ultimate methodology for the industry to use to ensure the full faith and confidence of its practitioners. The first exam (of two), written by industry experts from [...]
“The CRI curriculum is outstanding and challenged me to understand areas of the industry outside of my comfort zone. Without a doubt, this is the finest designation available for dedicated real estate professionals.”
Blake Beanblossom, CRI Manager - Financial Analysis, Duke Realty Corp.
“The CRI has given investment managers the ability to demonstrate their knowledge of real estate, as well as their dedication to higher ethical practices in the real estate industry. Although there are many other designations that relate to financial analysis, the CRI designation sets itself apart by being solely dedicated to the field of [...]
Neeraj Hingorani, CRI, CFA Principal of Trivium Investment Management Co.
“I can confidently state that I am a better employee after successfully completing Level I of the CRI designation and look forward to my continued growth professionally as I prepare for Level II. I have an improved appreciation for all areas involved in originating and servicing a commercial mortgage loan, which aides me in [...]
“The CRI represents the most comprehensive examination in the real estate field and I pursued this designation for both the personal challenge and the opportunity to differentiate myself within the profession. Also, I was compelled to pursue the CRI because of the exemplary people and companies comprising its membership.”
Dave Krueger, CRI, CCIM Senior Investment Analyst, Allstate Investments, LLC
“The future of real estate professionalism is demonstrating industry knowledge, experience, and a superior understanding of ethical behavior. The attainment of the CRI Society designation has within its process a deep understanding and commitment to ethics and professionalism.”
David Zachar Executive Vice President, PPM Finance, Inc.
“The CRI Society maintains a strong and consistent focus on the demonstration of ethics and professionalism in today’s real estate investment management arena. The CRI designation allows practitioners to demonstrate to their investment constituents the desire to understand the level of expertise required in the investment management process.”
David Zachar Executive Vice President, PPM Finance, Inc.
If you're a dedicated Commercial Real Estate professional, the CRI Charter is for you! Start your application today!
About the CRI
The CRI Certification is a forward-thinking initiative that seeks to give the public confidence in the professionals and fiduciaries within the commercial real estate industry. Until now, neither individual nor institutional investors had a universally accepted criteria to identify professionals that possessed the combination of knowledge, practical experience, education and ethical standards necessary to lead, transact, and advise.
Recognizing that this standard had yet to be set, in 1999 numerous industry leaders developed the CRI Society to create a multi-disciplined curriculum that challenges and validates a candidate’s knowledge, practical experience, education, and ethical conduct required in today’s complex commercial real estate marketplace.
The CRI Charter is the only professional certification that brings together all the diverse aspects of the commercial real estate finance, investment, and advisory industries. The certification will signify your commitment to professional excellence and ethical conduct and should be the “foundation” certification for any dedicated commercial real estate professional.
The CRI Associate designation complements those working towards achieving their CRI Charter by recognizing the professional competence and ethical conduct in the job activities required to make and to manage a real estate transaction.
If you work in commercial real estate in any of the following capacities, then consider pursuing the CRI Certification to differentiate yourself among peers.
Commercial Lenders
The CRI Certification confirms your understanding of value, risk and documentation used throughout the lending process. Passing the exam communicates your understanding of analyzing commercial real estate through the use of Capitalization Rates, Loan-to-Value, and Debt Coverage Ratios. The CRI exam will confirm your ability to conduct due diligence through lease reviews, credit evaluation, and borrower financial statements. Lenders with the CRI Certification also demonstrate their understanding of mortgage /securities contracts as well as portfolio management issues. The CRI is the complete certification for commercial loan origination.
Mortgage Bankers & Analysts
The CRI Certification demonstrates the candidates’ understanding of critical issues that affect both borrowers’ and lenders’ decisions – skills that are central to the success of a mortgage banker. The CRI will allow you to communicate this ability to current and potential clients so they have confidence in your ability to effectively place a loan with a lender. The CRI examinations test the ability to calculate debt coverage ratios, determine a net operating income and value the property using capitalization rates. Speak the language and understand the concepts with the CRI.
Commercial Real Estate Agents & Leasing Brokers
Commercial sales and leasing agents are the engine of the commercial real estate market. The CRI Certification is the only commercial real estate certification that can be earned with no classroom sessions and at your own pace. The certification will enhance the candidates ability to understand buyers’, sellers’ and users’ differing motivations and decision making criteria. Reputation and professionalism are key to success. The CRI Certification will announce to the public your continued commitment to professionalism and ethical conduct.
Developers
The CRI Certification is excellent for professionals working in commercial real estate development. Now that the development industry is dominated by large institutional organizations and investors, a developer’s ability to understand securitized financing, capital market instruments, and investment performance is critical. In addition to development feasibility and due diligence issues, the CRI exams contain topics like maximizing total return for equity investors, benchmarking asset performance, and a variety of financing issues that are central to commercial real estate today.
Commercial Property Managers
The CRI Certification will give a property manager a strong understanding of an owner’s motivations and investment requirements, making the manager a valuable part of the ownership team. The CRI Certification conveys to property owners a confirmed knowledge of property types, taxation issues, zoning and building code compliance, and lease and mortgage agreements.
Real Estate Consultants
Consultants often act as a “jack of all trades” as they manage projects and advise clients. The CRI Certification will communicate to current and prospective clients that you have the skill set and experience to service almost any need. The examination will test your knowledge of topics ranging from due diligence, lease and mortgage contracts, taxation, income based valuation, real estate portfolio management, securitized loans (CMBS), and capital market instruments.
Undergraduate & Graduate Students
Entering the commercial real estate business will be the best decision you’ve made. Recent graduates can separate themselves from the pack by pursuing the CRI Certification and attaining the requisite qualified professional experience. The CRI exams will test for overall understanding of commercial real estate topics including property analysis and underwriting, financing issues, asset valuation, and ethical conduct. Pursuing the CRI Certification as you begin your career in commercial real estate will pay dividends, and potentially move you ahead of other candidates for the best employment opportunities.
Appraisers
While earning an MAI is the pinnacle achievement for a commercial appraiser, it takes years of coursework and thousands of hours of experience. An appraiser can demonstrate their exceptional understanding of the commercial real estate market with the addition of the CRI Certification to their resume. The CRI Certification confirms the appraisers’ knowledge of key concepts such as property valuation, financing strategies, lease evaluation, zoning and code compliance, and portfolio management issues.
Real Estate Portfolio Managers
The CRI Certification confirms a Charter holders’ broad based understanding of the critical areas of commercial real estate from both the property and portfolio levels. The certification places a real focus on portfolio management issues, including managing and diversifying risk, capital market instruments, tax strategies, portfolio management tools, and maximizing returns for investors.
Please note that the CRI Society does not: i) Accredit, certify, endorse, offer, promote, require or warrant any service of any contributor to, or sponsor of, the CRI Society program; nor does it ii) Deliver or communicate any Exam information, including but not limited to questions and answers, to any contributor, supporter, vendor or other outside entity, except for the same information that it provides to any Candidate.
The CRI Certification is a forward-thinking initiative that seeks to give the public confidence in the professionals and fiduciaries within the commercial real estate industry. Until now, neither individual nor institutional investors had a universally accepted criteria to identify professionals that possessed the combination of knowledge, practical experience, education and ethical standards necessary to lead, transact, and advise.
