Frequently Asked Questions - Portfolio Qualification

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.

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.<

Get more information about the portfolio, or send an e-mail to designation@ccim.com.

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.