Frequently Asked Questions

Q: How do appraisers qualify?

An appraiser could qualify in two ways:

1.	If the appraiser holds the MAI or SRPA designation they can apply through the fast-track program.
2.	If the appraiser was hired as a consultant to analyze a qualifying activity. (i.e. a feasibility study).

Q: How would property managers qualify?

A property manager can qualify in two ways:

1.	If the person holds the CPM or RPA designation, he or she can apply through the fast-track program.
2.	If the property manager can document significant involvement in the leasing of the property, or possibly the completion of a consulting report regarding the leasing or transfer of a qualifying property. The volume would be based on the gross amount of the lease or value of the transfer.

Q: How do corporate officers document activities?

A corporate officer could demonstrate involvement in the leasing or transfer of corporate real estate. He or she could submit an analysis viewed as a consulting report which they may have completed on the leasing or transfer of corporate real estate. He or she must substantiate primary involvement.

Q: What do managers show as documentation?

Show Copies of the signed leases or a copy of the consulting report along with an affidavit indicating the involvement of the candidate.

Q: If a candidate is the listing and selling agent in one deal, does it count as one or two?

The transaction is only one transaction and the deal volume is counted as the sale price or gross lease amount.

Q: Do raw land sales qualify?

If it is sale of land as defined under IRS Sections 1221* or 1231* or greater than three single-family unimproved lots to a single buyer, it will qualify.

Q: Can candidates from the same company use the same transaction if they both participated in it?

The candidates can use the same transaction, however, they must write in their own words what took place in the activity and demonstrate their specific involvement and how it was different then the other candidate. Portfolios submitted from the same company are graded by the same grader to ensure that candidates are completing their own work.

Q: What do financial analysts need to demonstrate to qualify?

A financial analyst would qualify the same as a corporate officer. He or she must substantiate the role in the qualifying activity, indicate the purpose of the review, the methodology of the work, recommendations, and outcome.

Q: What do you need to document residential investment income?

The candidate should show a copy of a written lease or a copy of the owner's income tax return page (Schedule E) showing income, expenses and cost recovery taken on the investment. The candidate could also provide a notarized affidavit indicating the property was purchased and is being held as an investment.

Q: How would Tenant In Common Sales Representatives qualify?

Tenant In Common (TIC) Sales Representatives may qualify under the following category:

Active Advisory Qualification
a) A minimum of $500,000 in gross (commercial & investment) income earned by the candidate during the proceeding five-year period.
b) Income based on commissions derived from qualified transactions as defined.

If you have any questions about criteria or whether you qualify, call the Designation Department (800-621-7027, extension 4478) or email designation@ccim.com.

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