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Frequently Asked Questions

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  • CCR - $725
  • Comprehensive Exam - $325


No. An approved Portfolio of Qualifying Experience is a prerequisite for taking the comprehensive exam.

Arrival: You should arrive at least one day prior to the first day of the CCR.

Departure: Your departure date depends on whether you plan on staying for the Pinning Ceremony, which takes place the night of the exam. If you do not pass the exam on your first attempt, a retake tutorial is offered the night of the exam and a retake exam is offered at no charge the following morning.

The CCR lasts two days, from 8:30 a.m. to 5:00 p.m both days. Registration typically begins at 7:30 a.m. You will be provided with an agenda with time and location details.

The Comprehensive Exam lasts one day, from 8:00 a.m. to 2:00 p.m. Registration typically begins at 7:00 a.m. and exam instructions at 7:45 a.m. You will be provided with an agenda that includes detail about exam time and location.

Check-in begins at 7:00 a.m.; a photo ID and name badge (provided) are required. Seating is arranged in alpha/numerical order, and students are requested to be seated at their assigned seats upon entering the exam room.

At approximately 7:45 a.m., a member of the designation committee will explain exam instructions and ask that you provide contact information by completing the label attached to the back of the exam envelope. Following the instructions, students have exactly six hours to complete the exam.

Proctors will circulate throughout the exam room to provide assistance if needed. A photo ID and name badge must be present to re-enter the exam room.

Candidates should take their exam packet and personal items to the registration desk for check-out. Place the exam answer sheet on top of the exam packet; the exam and all scratch paper should be placed in the exam envelope. Login to Member Console to check exam results, which will be posted by 5:00 p.m. the day of the exam.

If you pass the exam, you will be invited to the pinning ceremony and new designee welcome, which takes place the evening of the exam. You will be provided with event agenda that included time and location information. Exam candidates who plan on attending are expected to report promptly to the location specified on the agenda.

A 70% or better is passing. Results are posted on Member Console, under “My Course History," by 5:00 p.m. the day of the exam.

If you do not pass, you should report to the retake tutorial room on the same day as the exam. The tutorial is designed to provide test taking tips and a review of commonly missed questions. Location details will be posted in Member Console.

A retake exam is offered the next day at no charge to candidates who do not pass the comprehensive examination. Registration for the retake will begin at 6:30 a.m. You will be provided with an agenda that includes time and location details.

A candidate may also retake the exam at another nationally scheduled session. Candiates have up to four retake attempts.

Yes. The exam is a 6-hour, open-book exam and is based on material contained in the core courses.

No. We strongly encourage candidates to register for the Course Concepts Review (CCR) course, which covers material in CI 101 - 104 in the two days preceding the Comprehensive Exam. The CCR prepares candidates for the Comprehensive Examination through intensive case studies, course reviews, and group interaction. Attending the CCR also fulfills one of the two required elective credits requirements for earning the CCIM designation.

Not Permitted

  • Use of cell phones, pagers, PDAs, or any electronic device capable of communicating with another electronic device is prohibited. Cell phones and PDAs should be silenced and put away prior to the exam.
  • An Internet connection of any sort from any device.
  • Communications with anyone other than a CCIM representative during the Comprehensive Exam.
  • Wireless computer peripherals — including a wireless mouse, wireless key pad, and Bluetooth devices — are prohibited.
  • Any other electronic device not listed here, including, but not limited to head phones, iPods or MP3 players.
  • Use of an Internet connection, email, or text messaging during the exam is prohibited and will result in disqualification.


Note the following is a list of all permitted materials. You may not need every item on the list.

  • Laptop computer with a CD-ROM drive and power supply
  • Tablet/iPad in “airplane” mode (tablets must be positioned upright so that the proctor can view the screen during the exam and can confirm that it is placed in airplane mode and not connected to the Internet — it may not be placed flat on the table and no wireless devices may be used with it)
  • Extra laptop battery
  • USB numeric keypad
  • USB mouse
  • Financial calculator (you may not use a cell phone as a financial calculator)
  • Extra calculator batteries
Software and electronic resources
  • Core course CD-ROMs
  • MS Excel (you may only use blank or CCIM pre-populated spreadsheets)1
  • Adobe Acrobat or Adobe Reader2
  • An electronic financial calculator emulator, provided it is offline, that is not web-based.
  • A web browser such as Internet Explorer or Firefox for viewing the CCR CD-ROM content only (viewing any external website — a website that contains a domain address (anything that begins with www or ends with .com, .org, .edu, .biz, etc.) — is prohibited)
  • All Excel files created must be deleted at the end of exam
Print materials and writing tools
  • Scratch paper (must be turned in with exam)
  • CCIM paper business forms (must be turned in with exam)
  • CCIM core course materials (see note below)
  • #2 pencils (will be provided), large erasers, highlighters
  • Class notes and study sheets
  • User guides for the HP 10bII, 12c, or any other handheld financial calculator3
  • Snacks and non-alcoholic drinks
  • Ear plugs
  • CCIM name badge (issued on-site)
  • Government-issued ID
  • Lucky talismans, as long as they are not electronic (e.g., rabbit's feet, troll dolls, etc.)

1Microsfot Office 2008 for Macs does not support macro-enabled Excel spreadsheets. If you are running this version of Office on your MacBook, you will not be able to use the provided financial analysis tools . The spreadsheets work on older and newer versions of Microsoft Office for Macs.
2Students using Adobe Acrobat, or any other software to make notes or copy any portion of the exam, using will be disqualified.
3Any brand of calculator is allowed as long as it is not capable of communication with another electronic device (e.g., iPhones, cell phones, etc.) CCR instructors may not be familiar with your brand of calculator. If you think you may need guidance on keystrokes, it’s recommended that you use either the HP 10bII or the Excel-based financial calculator.

The pin will be mailed the following week after the exam. You will be asked if you are staying for the pinning ceremony on the back of your exam packet.

Within one week of passing the exam we will convert your membership status to “designee”, assign a CCIM number to you, and email all new designee details.

You will receive your bronze and walnut personalized plaque by mail, within one month of passing the exam.

In order to maintain your CCIM designation your must renew you membership annually. U.S. designees are also required to maintain membership with the National Association of REALTORS. If you are not a current REALTOR member of NAR you must become an Institute Affiliate. Institute Affiliate membership meets the minimum requirement of membership in NAR to maintain the CCIM designation.

Institute Affiliate (IA) membership is $105 and must be paid through the NAR website by January 1 of each year. IA dues are separate from dues you pay to CCIM Institute and can be processed only through NAR. For assistance using the site, please contact NAR’s Information Central at (800) 874-6500.

The CCIM (Certified Commercial Investment Member) designation is a professional designation awarded by the CCIM Institute. Currently, more than 9,500 individuals hold this designation and approximately 4,000 candidates are pursuing the designation.

There are currently three programs to earn the CCIM designation:

General Candidacy Program

In order to gain the CCIM Designation under the general Candidacy program, individuals are required to:

  • Become a candidate of the Institute.
  • Successfully complete all four core courses (CI 101, CI 102, CI 103, and CI 104).
  • Preparing to Negotiate e-learning course.
  • Earn two electives.
  • Prepare and submit the Portfolio of Qualifying Experience.
  • Pass the Comprehensive Examination.

Fast Track Program

This accelerated program is offered exclusively to professionals who have earned one of the industry’s other preeminent designations: AACI, CLO, CMB, CRF, CPM, CRE, FRI, MAI/SRPA, RPA, SIOR, MRICS/FRICS. Under these guidelines individuals are required to:

  • Become a fast track candidate
  • Complete the four core courses (CI 101-104)
  • Pass the Comprehensive Exam.

Please note that you have 24 months to complete the Fast Track Program.

University Fast Track Program

This accelerated program is offered exclusively to graduates of real estate master’s programs from approved colleges and universities. Upon approval of the University Fast Track application, credit is received for three CCIM core courses - CI 101, CI 102, CI103 or CI 104 - and the elective credit requirement is waived depending on the specific university. Qualifying universities and their corresponding requirements can be found here.

Candidates must successfully complete one of two courses below to fulfill the negotiations requirement:

  • Preparing to Negotiate - This online, self-paced course takes approximately eight hours to complete.
  • Commercial Real Estate Negotiations - This 1-day classroom course is offered via licensed delivery through CCIM Chapters, as well as select dates at the CCIM Institute headquarters classroom.

Concepts from Preparing to Negotiate and the Negotiations Workshop are integrated into CI 103 and CI 104. Students should complete either negotiations course prior to registering for CI 103 and CI 104.

Earning elective credit # of elective credits available
Courses - 1.0 credit  
1.0 credit per course
Courses – 0.5 credit0.5 credit per course
Courses – 0.25 credit 0.25 credit per course
Transfer elective credits - Elective credits may be granted for certain graduate courses, professional certifications, or educational offerings. Download application (91 Kb, PDF).


Continuous candidacy credit 1.0 elective credit for each 12 consecutive months of candidate membership


Courses – 0.5 credit

·         Advanced Market Analysis

·         Creating and Sponsoring RE Investment Groups

·         Creating Reliable Valuations

·         Financial Analysis Tools for Commercial Real Estate

Continuing education credit is currently available with select state commissions, for online courses. As with the in-class courses, the amount of credit granted is at the discretion of the individual entity.

Continuing education credit is not retroactive. So if you took a blended or online course, you cannot retroactively earn CE credit once that format is approved.

Yes, members pay $20 ($30 for non-member) for CCIM to process your CE credit application.

Find a course you are interested in taking, and choose one of the upcoming course offerings. At the bottom of the page, you’ll see a “Continuing Education Credits” section. Select the state where you hold your license to see the available credits. For additional information, contact

You can attend one of the Intro classes here. These offerings are specifically sponsored by the CCIM Diversity Program.

Intro courses are typically funded by a CCIM chapter whereas the Cultural Diversity Intro courses are funded by the CCIM Institute.

There is no deadline to apply in the Cultural Diversity Education Program (CDEP). There are diversity Intro classes offered through the year in various locations. Students apply to the program different times of the year based on what Intro class they are interested in attending. We take applications until each class is full. Many of our courses sell out. Apply early if you are interested in attending a particular location.

Under this program, a limited number of $150 discount vouchers can be used towards any Intro course, which is offered in more than 50 markets nationwide. The total cost of the course varies within each market. The discount voucher program is in effect through year-end 2010, or until all vouchers have been distributed.

This letter can be from a co-worker, boss, church or community contact. It does not have to be from someone in real estate. The letters can be character references.

You can apply to the CDEP and participate in our Tuition Discount Program which gives you discounts on our designation courses required to earn the CCIM designation.

You can apply to the CDEP and participate in our Tuition Discount Program which gives you discounts on our designation courses required to earn the CCIM designation.

You can apply to the CDEP and participate in our Tuition Discount Program which gives you discounts on our designation courses required to earn the CCIM designation.

We cannot refund you for fees you have already paid towards classes with CCIM. We can only offer you discounts on future core courses.

The CDEP discounts are available for both in classroom designation courses and online designation courses.

Yes, you can apply for other scholarships. Many are available through the CCIM Education Foundation.

Attendees include a cross-section of the commercial real estate industry: brokers, agents, corporate real estate officers, REIT investment executives, developers, asset managers, investment counselors, appraisers, property managers, mortgage bankers, attorneys, accountants, and other professionals in allied fields.

No. Students are required to attend each day of class. Courses run from two to five days with the final course examination given on the last afternoon of class.

Yes. All CCIM core courses (CI 101 – CI 104) are available online in a self-paced format. Read more about the different options for taking a course.

CI 101 – 104 students spend four days in class and the last day independently taking the course exam online. Classes typically run from 8:30 a.m. to 5:30 p.m. Individual course meeting days and times may change. Please see the class schedule for the most current meeting dates and times.

The cost of attending a course varies. Please see the course schedule for registration information.
CI Intro: Introduction to Commercial Investment Real Estate Analysis is a two-day overview tailored for newer commercial real estate professionals, investors, residential agents who conduct some commercial transactions and other professionals interested in the commercial real estate industry. It is also good preparation for the CCIM designation curriculum and counts for one elective credit. CI 101: Financial Analysis is the first course in the CCIM designation program and counts for three credits. CI 101 is an in-depth, five-day course that lays the groundwork, and is the prerequisite for, CI 102, CI 103 and CI 104.

Results of your exam are emailed within two weeks of the exam date. A Certificate of Completion will be available to all students who pass the examination.

There are no prerequisites for CI Intro: Introduction to Commercial Investment Real Estate Analysis or CI 101: Financial Analysis.

Successful completion of CI 101 is a prerequisite for CI 102 – CI 104, which then may be taken in any order.

No, a calculator is not required for all CCIM courses. Financial analysis is done using financial analysis tools built in Microsoft Excel.

For those who use a hand held calculator, the HP 10bII is recommended because of its reasonable cost, and CCIM additional resource materials illustrate the calculator keystrokes of the 10bII. The use of the handheld calculator is not taught in the CCIM core courses.

A laptop computer (with Excel) is required for most CCIM courses.

A laptop computer is used on all designation courses and most one-day advanced education courses. Students who bring laptops to class and are familiar with Excel will receive the most benefit from the course material as Excel worksheets are used to help solve class activities and for use on the final exam.

To receive full course credit students are required to pass each course final examination by a score or 70% or higher. The examination is administered on the final afternoon of the course. Exams are given in all CCIM courses except one-day advanced education courses.

There are no prerequisites to take CI Intro or CI 101. Students are encouraged, but not required, to take the courses in sequence (ie, CI 101, 102, etc.).

Concepts from Preparing to Negotiate and the Negotiations Workshop are integrated into CI 103 and CI 104. Thus, students are strongly encouraged to complete either course prior to CI 103 and 104.

Students who enroll in in-class education will receive a bound copy of the course's manual on the first day of class. Students in online instructor-led courses will receive instructions on how to download a digital version of the course manual before the course begins. For $95, students may purchase a bound copy of a manual for a course in which they are enrolled.

To order a book, e-mail with the course title and your student or member ID number.

CCIM courses are continually revised and updated to reflect changes and new developments in commercial real estate. As a member benefit, current members may download updated course manuals and supplemental materials for CI Intro or CI 101 - 104. Candidates only have access to material for courses they've successfully completed.

In-Class Education

A multiple choice final exam will be administered online. It is designed to be completed in one sitting. The exam will be available starting at 5 p.m. central time on the last day of the course. The exam will remain open for seven days and close at 5 p.m. central time on the seventh day. You may use any course materials provided by the CCIM Institute, as well as your personal notes, in order to help you complete the exam. Students may retake the online exam ONCE after a failed course, with a fee of $50 assessed for the retake. Retakes must be taken within 30 days of receipt of grade; students may, however, extend the retake period by an additional 30 days for a $50 fee.

Online Instructor Led Course Exam

A multiple choice final exam will be administered online after your tenth and final online session and will be open for one week. This exam is designed to be completed in one sitting. You may use any course materials provided by the CCIM Institute, as well as your personal notes, in order to help you complete the exam. Students may retake an online exam ONCE after a failed course, with a fee of $50 assessed for the retake. Retakes must be taken within 30 days of receipt of grade; students may, however, extend the retake period by an additional 30 days for a $50 fee.

Online Self-Paced

The course exam is a multiple-choice test administered online and designed to be completed in one sitting. You may use any course materials provided by the CCIM Institute, as well as your personal notes, in order to help you complete the exam. Students may retake the online exam ONCE after a failed course, with a fee of $50 assessed for the retake. Retakes must be taken within 30 days of receipt of grade; students may, however, extend the retake period by an additional 30 days for a $50 fee.

Exam Retake Policy

  • Timing – A retake must be requested within 90 days of the original course date.
  • Fees – $50 for CI 101 - 104 and $25 for CI Intro.
  • Location – Retakes may be administered at local board or state/provincial Realtor offices

Students may retake all courses at the reduced rate of $550, regardless of prior grade. This is a good option for members who need a fresher of the course. For example, if you completed CI 102-Market Analysis in 1999, you may retake the current CI 102 course for only $550.

CCIM courses fill up quickly, so students are encouraged to submit course registrations as soon as possible. Registrations for regular course offerings should be received at least two weeks in advance of the course and at least three weeks in advance of the 3-day Executive Course Offering. Registrations received after these timeframes will be reviewed on a case-by-case basis. Course confirmations will be sent to all registered students via email, mail or fax.

The CCIM Institute reserves the right to cancel any scheduled course at any time. Students enrolled in a course that is cancelled will be notified as far in advance as possible. Students have the option of getting a full refund or transferring into another course. Please note that the Institute is not responsible for any out-of-pocket expenses (lodging, airfare, etc.) students may incur when a course is cancelled.

Regular CCIM course offerings (5 days)

  • 14 days or more before the start date - $75
  • Less than 14 days before the start date - $150
  • No refunds or transfers are given once the course begins.
  • Students may transfer to another course one time for $75. After that, there is a $150 a withdrawal/transfer fee per course.

Executive Course Offerings (3 days)

  • 14 days or more before the start date - $100
  • Less than 14 days before the start date - $200
  • No refunds or transfers are given once the course begins.

Online Designation Courses

  • Cancellations or transfers prior to the start of the course are subject to a $150 fee.
  • No refunds or transfers are given once the course begins

CCIM designees may take CCIM courses at a substantial discount through the Life After the Pin program. Through this special member benefit, designees may register for one designation course per year for only $350. Registrations are taken on a first-come, first-served basis and some licensed sponsors may assess additional fees.

To register for a course through Life After the Pin program, check the schedule and call customer service at (800) 621-7027 for availability.

Students can take advantage of special hotel discounts for many CCIM courses. The course confirmation will include specific information (hotel location, cost, phone number, cut-off date, etc.) should discounted hotel rooms be available.

The CCIM Institute will accommodate disabled individuals in compliance with the Americans with Disabilities Act. Students seeking such accommodations should contact the institute at 800-621-7027.

Most everything you need to know about this free Designee-only member benefit can be found at
If you want to get your mail on the web,
The CCIM.NET email address is an optional benefit for designee members. If you would like a CCIM.NET email account, you can request one by sending an email to

In general, you can reach CCIM's IT staff through an email to  That's the address to use for questions about CCIM MailBridge, CCIM.NET email, login problems, broken web pages, etc.  You can also reach us at 800-621-7027.  We prefer email, because it gives us time to do a little research, if necessary, before getting back to you.
For help with Site To Do Business, other than logins, please contact STDB support via email at or +1-469-232-2615.

There are three main ways you get mail from the Institute:
1) Designee or Candidate mailing lists.
These lists are used to send the CCIM Insider newsletter and other email from Institute staff or Leadership. We believe these messages have value to all members of the Institute.  You can remove yourself from the lists, but you may miss important information about improvements in member benefits, meetings, and other CCIM news.
2) CCIM DealShare property messages
These messages are sent by CCIM designees and candidates.  You can fine-tune what messages you get or choose to get none at all by logging on the DealShare website.
3) Upcoming CCIM events and courses
These messages are sent to targeted demographics (e.g., students who have taken 101 but not 102) by our Marketing Department. If you wish to remove yourself from such marketing messages, please email

Professionals whose primary residence and workplace is out of the United States for nine or more months per year are eligible for international membership. Apply for international membership.

You may take a course either in class or online with a CCIM instructor. Designation courses are also available online self-paced format

First, take a look at our schedule for a list of upcoming courses. If you find one that fits your schedule, contact the country administrator for the country where the course is being offered. Country administrators collect tuition and handle course logistics.

Tuition is set by each country. Please contact the appropriate country administrator for details.

There is a series of 3-hour courses that cover concepts taught in the designation courses. These courses are not prerequisites for earning the CCIM designation.

Less time is spent on U.S. tax concepts. Otherwise, international course syllabuses and rigor match those of U.S. courses.

All courses are taught in English. In some countries, they are interpreted into the local language. In those countries, the English version of the textbook is printed side-by-side with translated text.

International CCIM designees do not have access to STDBonline and receive only the digital edition of Commercial Investment Real Estate magazine. Otherwise, the membership benefits are the same.

International candidates do not have to complete the CCIM Ethics course and are exempt from the elective credit requirement. For more information about designation requirements, visit international designation.

E-mail us:
Call us: +1-312-321-4460 or 1-800-621-7027 (U.S. & Canada only)

A candidate is a dues-paying member of the CCIM Institute working towards the CCIM designation.

Candidates enjoy an assortment of benefits including:

  • Save more than $1,200 off the non-candidate tuition for the four CCIM Core Courses.
  • Through the Site To Do Business, Candidates get complete access to the Institute’s online suite of business tools including demographic reports, custom mapping, aerial imaging and more.
  • Free annual subscriptions to Commercial Investment Real Estate magazine, CCIM Insider newsletter, and CCIM Quarterly Market Trends report
  • Guidance from dedicated CCIM staff is available to help navigate the Designation process
  • Elective credit towards the CCIM designation
  • CCIM post-designation education programs
  • Additional networking and referral opportunities

The annual candidacy and designation fees are $595 in 2014.

Appraisers with the MAI or SRPA designations can earn the designation through Fast Track membership, exempting them from the portfolio requirement.

Appraisers who don’t join as Fast Track members can still meet the portfolio requirement if you can document involvement in the transfer or financing of qualified developed commercial property where a complete appraisal report was prepared and compensation was received.

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.

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

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.
  • Section 1221 - This asset is a property held primarily for long-term appreciation in value versus current income, such as a semi-rural site purchased and held for future appreciation as a community expands.
  • Section 1231 - This asset is a property held primarily to produce income for use in a trade or business, such as a retail store, office building, apartment building, or warehouse held as a rental property or a user property.

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 than the other candidate. Portfolios submitted from the same company are graded by the same grader to ensure that candidates are completing their own work.

You 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. You could also provide a notarized affidavit indicating the property was purchased and is being held as an investment.

No, to submit a streamlined portfolio you have to have worked in the commercial real estate industry for at least five years and meet the volume requirements.

No, only completed activities may be submitted even in the case of developments and consulting.

Have a CPA verify ownership of business and the potential volume in commercial activity. You can’t sign your own affidavit.

All transactions submitted with a traditional portfolio require settlement documentation. Streamlined portfolios don’t require settlement documentation.