Portfolio

Document Sample
Portfolio Powered By Docstoc
					     Portfolio of
Qualifying Experience
   International
        Introductions
          Attendees
Who are you? – What do you do?
       Investment/Commercial Land
            Commercial Leasing
          Residential Investment
             Mortgage/Finance
          Asset/Portfolio Manager
        Managing Brokers/Owners
     Consultants/Exchange Facilitators
          Development Principals
           Corporate Executives
 Identify your specific profession and follow the guidelines
                      Agenda
•   General Candidate Guidance Information

•   Portfolio Of Qualifying Experience

•   What Graders Look for in the Portfolio

•   Assembling Your Portfolio

•   Qualifying Activity Requirements

•   Qualifying Your Transactions

•   Frequently Asked Questions
                CANDIDATE TRACK
 Review CCIM Designation Requirements - Make the Decision – COMMIT!

After taking their first CCIM course 85% of all students want to take another one

                                     CANDIDACY
Institute Membership your Link to benefits, course discounts, information & more
                                          CI-101
   This is the course that will change your life – Commercial Financial Analysis
                   CANDIDATE GUIDANCE WORKSHOP
      Take one early to keep on the right track – Portfolio Information & More
  Take another one later – be clear on your path & requirements – you’ll be glad you did
                                         CI-102
This one makes demographics your trump card- Market Analysis for Commercial Real Estate
                                         CI-103
  The user side of the coin – User Decision Analysis for Commercial Investment Real Estate
             CANDIDATE TRACK
 Review CCIM Designation Requirements - Make the Decision – COMMIT!

                                     CI-104
The Heart of the Matter – Investment Analysis for Commercial Investment Real Estate


                        PORTFOLIO SUBMISSION
               Show off your Professional Experiences & CCIM skills


                  CCR: COURSE CONCEPTS REVIEW
              Brush away the cobwebs before your knowledge is tested


                                 FINAL EXAM
                         After a long walk - the Final Step


   THE PINNING = OPENING THE DOOR TO THE GOLD!
      Requirements for the CCIM Designation:
•   Become a candidate of the Institute.
•   Successfully complete all four core classes
•   Submit & have approved the Portfolio of Qualifying Experience
    You may submit your portfolio at any time but portfolio review sessions are only held twice a year

•   Complete the Course Concepts Review
•   Successfully pass the Comprehensive Exam.
    Registration for CCR and the Comprehensive Examination will only be accepted if the core class
    requirements are met, and the Portfolio has been approved by the Designation Committee.
    Students will not be admitted to the Exam unless ALL are completed

•   University Fast Track Candidates must submit a portfolio
  2011 Candidate Guidance
         Schedule
             2011 Candidate Guidance Schedule

Portfolio
Submission        February 1                August 1
Deadlines
           Candidate Guidelines

•   Institute Candidate members who are pursuing the CCIM
    designation may NOT display the CCIM designation or logo in any
    manner, and may ONLY refer to their candidacy status in One
    Approved manner (below).

•   Institute candidates may ONLY refer to their candidate status “in a
    résumé to a prospective employer or broker”.

•   They may not use “CCIM” in any manner until AFTER they have
    successfully passed the final exam and been Approved by the
    Designation Committee and the CCIM Institute Board of Directors
  Misuse of the Designation, Logo, and
           Candidacy Status
Misuse of the designation by candidates is strictly prohibited
and subject to disciplinary action, including recourse by the
Institute and the National Association of REALTORS® to state
real estate licensing agencies in order to protect the integrity of
the CCIM designation. All representations of candidacy status,
except those approved by the Institute, are prohibited and
subject to disciplinary action, including termination of
membership. No mention of candidacy status may be made on
business stationery, in advertising, brochures, contracts,
documents, promotional materials, or any other printed matter
or publications. They may not refer to themselves as a "CCIM
candidate" or by any other means imply it.
    What is the Portfolio of Qualifying Experience?

      The Portfolio of qualifying experience is:

• A standardized means for candidates to verify the
  quality of their work as commercial-investment
  professionals.

• It documents the achievement of at least the
  minimum level of experience and skills required to
  qualify for the CCIM designation.
   When should you submit your portfolio?
• Portfolios may be submitted at any point during
  candidacy following completion of CI-101

• The published portfolio deadline is the last date for
  which portfolios will be accepted to allow sufficient
  time prior to the Comprehensive Examination for
  review and grading.

• You are strongly encouraged to start compiling
  your portfolio file once you complete CI-101.
 Where should you send your portfolio?



Send portfolios to:

        CCIM Institute
        Attn: Samantha Carter
        430 N. Michigan Avenue
        Suite 800
        Chicago, IL 60611-4092
        USA
            Who are the Graders?
    What do Graders Look For in Portfolios?
• Graders are CCIM Designees who have successfully
  completed their portfolios and are proud of their
  CCIM pin.
• Graders know the designation requirements and
  hold the CCIM Designation in high regard.
• Typically graders are, or have been, members of the
  Designation Committee.
• The graders look for a presentation that, in part,
  reflects the “quality” of your professional work that
  befits the CCIM designation.
• Your Portfolio of Experience should be a clear and
  detailed presentation of YOUR work product.
What Graders Look For Continued…
• The first thing Graders review is the Portfolio Cover
  Sheet
• It is important that you follow the assembly directions
  and use:
   – CCIM Portfolio Checklist
   – Summary of Qualifying Activities
   – Activity Data Form
• These items are also used to insure you have supplied:
   – Proof of your qualified completed activity and
   – Two proofs of candidate’s role
   Assembling Your Portfolio
Each portfolio submitted should
contain the following:
       • Portfolio Summary Sheet

       • Portfolio Check List

       • Summary of Qualifying Activity

       • Activity Data Form

       • Settlement Documentation

       • Proof of Candidate’s Role
It should be organized and presented
in this order
    Assembling Your Portfolio:
• The portfolio must be in one volume in an 8.5” x 11” format
  (legal size documents must be reduced), bound on the 11” side
  in either a 3 three-ring or spiral binder. Submittals in any
  other format or more than one volume will not be accepted.
• Transactions or qualifying activities must be numbered in
  reverse chronological order (most recent as number 1, and so
  on), with each section separately tabbed.
• It is suggested that the print size of narratives not exceed 12-
  point type.
• Prepare two copies and keep one for yourself in case revisions
  are required.

    THE ORIGINAL WILL NOT BE RETURNED TO YOU
Downloading Portfolio Files
      http://www.ccim.com/portfolio
         Activity Data Sheet
• Read through the ENTIRE Activity Data Form
  before you get started
• Fill out an Activity Data Form for EACH Activity
  you submit
• We ask for the names of Supervisors, Managers,
  Managing Brokers, Clients, etc.. Please give
  complete current information. When Graders need
  information, they WILL be contacting these people.
• Every Activity Must be Completed (Closed.)
          Activity Data Sheet
              (continued)
• Explain in detail your Clients’ Goals & Objectives
• Describe YOUR Job Duties and Role in this Activity
  (not your company job)
• Completed: Closed data is the key to a Qualifying
  Activity
• Value: Convert value of the transaction into US
  Dollars
• Other Agents: List all other agents involved & explain
  how their job duties differed from yours.
   Settlement Documentation
       Include at least one of the following:
         BUT, If you have more than one, include it
• Signed closing statement showing commission paid to
  your company
• Copy of new deed showing date and new owner’s name
• Signed lease with commission check to your company
  verifying the property address
• Note: HIGHLIGHT & Explain Anything that ties back
  to you or your activity – Not just your Name!
• Note: Provide in ENGLISH the title of the settlement
  documentation and highlight all signatures.
        Proof of Candidate’s Role
                  Include at least two of the following:
•   Your signature on closing statement/contract/lease which declares you a
    principal, witness, agent, president, listing agent, selling agent,
    buyer/seller, lessee/lessor. This should connect you with the activity.
•   A copy of your commission check with property delineated on it. If you
    are paid a salary, provide your contract, job description or other
    verification.
•   A copy of the deed or official document showing you as grantee or
    grantor.
•   A notarized statement from your broker/supervisor/transaction
    principal on company letterhead verifying your exact role in the
    specific activity.
•   Signed Listing Agreement/Employment Contract.
•   Letters, e-mails from clients & cooperating brokers demonstrating your
    involvement during the transaction
         Proof of Candidate’s Role
                               Continued…
•   NOTARIZED LETTERS to you from buyers, sellers, tenants, landlords,
    participating brokers, etc., on company letterhead verifying and specifying
    your exact role in the transaction and listing the property address. Or Provide
    this information on company letterhead with a certified company stamp
•   A SIGNED listing agreement with your name on it.
•   FULLY EXECUTED employment contract with proof of payment.
•   Principals/sole practitioners may supply a notarized statement from the
    settlement attorney or title company, or copies of legal documents that
    substantiate their position in the company.
•   Supervising brokers may submit a notarized statement from an officer in the
    company indicating that the nature of their employment involves material
    participation.
•   If you acted as a member of a team or in a supervisory capacity, additional
    documentation is required to prove your material participation. Explain your
    specific role in each transaction and your job responsibilities that were
              relevant to the completion of the transaction.
           What are Qualifying
              Activities?
   Qualifying Activities are defined as:
Completed/closed Commercial Real Estate

Transactions in which you materially participated
  within FIVE years of your Portfolio Submittal Date
Note: Make sure that the closing statements have the date,
  volume, client, and property name and signature,
  translated into English. All these important items should
       be highlighted.
                Qualifying Activities
• Active Managers of Commercial Investment Real Estate
• Commercial Investment Real Estate Active Advisors
• Commercial Real Estate Exchange/Acquisitions/Sales
• Commercial Mortgage Financing of Commercial Real Estate
• Commercial Real Estate Consulting
• Commercial Real Estate Development
• Commercial Investment Real Estate Lease
• Qualifying Residential Investment Properties
            Qualifying Active Manager

Active Manager Category may include the following professions:

•   Real Estate Asset/Portfolio Managers involved in commercial real
    estate transactions.
•   Corporate Real Estate Officers or Managers involved in commercial
    real estate transactions.
•   Pension Fund or Insurance Investment Managers overseeing
    commercial real estate transactions.
•   Supervising or Managing Brokers of commercial real estate
    transactions.
          Qualifying for Active Manager
• Volume must be documented and verified along with
  documentation of material participation showing active
  management and involvement in each transaction.
• Multiply the number of associates you manage by $5 million and
  then multiply the result by 75%. For Active Managers who manage
  10 or more associates, candidates are to use 10 associates
  (maximum) as the number of associates in completing this
  calculation.
• Minimum of 15 or more qualifying transactions equal to or greater
  than the dollar amount derived in (b) above
• Substantiations of position and number of associates are required.
• Complete Activity Data Sheet and Supply Settlement
         Documentation
      Qualifying Active Manager (continued)

• Active Manager

 No. of
              Total (US$)   75% (US$)
 Associates
 3            15,000,000    11,250,000
 4            20,000,000    15,000,000
 5            25,000,000    18,750,000
 6            30,000,000    22,500,000
 7            35,000,000    26,250,000
 8            40,000,000    30,000,000
 9            45,000,000    33,750,000
 10           50,000,000    37,500,000
  Qualifying Commercial Investment Real
           Estate Active Advisory
Active Advisory category can include the
following professions:

• Exchange Facilitators

• Accommodators

• Tenant In Common Sales Representatives
  Commercial Investment Real Estate
     Active Advisory (Continued)
Requirements:
• A minimum of $500,000 in gross (commercial & investment) fees
  earned directly by the candidate and generated during the preceding
  five-year period from completed and qualified transactions as defined
  in the "Qualifying Activities Requirements" section. (Such fees must
  be paid directly to the candidate or candidate's company)
• Candidates must supply documentation for each transaction which
  contributed to the total $500,000 gross fees earned. Documentation
  must include copies of your work product and use of your CCIM skills
  to analyze different properties along with verification of fees received
  per closed transaction. Referral fees are not allowed. Include a copy
  of the property deed and always identify your material participation.
• There must be a minimum of 10 transactions regardless of volume.
 Qualifying Exchange/Acquisitions/Sales
• Qualifying activity: Sale or transfer of title to commercial or
  investment real estate, as set forth herein, that involves a deed.
• Land, including, but not limited to, properties, such as, a ranch,
  timber, or farm is an acceptable qualifying activity as long as the
  transaction is not considered solely as a business transaction (such
  as a dairy farm) and the underlying real estate is held for
  investment purposes. The real estate is always the underlying
  factor in the transaction, not the existence of any business
  transaction. If the raw land is considered to be a speculative
  investment hold transaction, substantiation of such future growth
  or change in use should be provided. Documentation of the
  expected changes to the property should be included; examples of
  documentation would be an aerial photograph to show the path of
  growth, supporting demographics, etc.
 Qualifying Exchange/Acquisitions/Sales
                      (Continued)
• Volume: Determined by value of property conveyed.

• Substantiation: A copy of the recorded and signed deed or a
  closing statement signed by all principals or, in escrow states,
  by the escrow officer or other title company official, and the
  candidate.

• Only submit pages that include significant elements:
  - Legal description of the property.
  - HIGHLIGHT YOUR SIGNATURE, other pertinent facts and
    proofs of all material participation.
        Qualifying Commercial Mortgage Financing of
                   Commercial Real Estate

•   Qualifying activity: Closed first-position loans on qualifying
    commercial investment real estate property.
•   Volume: Determined by value of financing.
•   Substantiation: Copy of the signed loan documents, closing
    statements, and mortgage/deed of trust.
    Candidates who have applied for and received or acquired loans
    for their own benefit or for the benefit of an entity in which they
    are employed or involved do not qualify. Secondary or any
    underlying positions of commercial real estate and Assumption
    Loans do not qualify.
 Qualifying Commercial Real Estate Consulting
• Qualifying activity: Performance for a fee consultant relating
  to the transfer, leasing, or development of qualifying property
  where a complete consultant’s report, including analyses, was
  prepared and compensation was received. To qualify, all
  consulting activities must be at arms-length, without conflict
  of interest
• Volume: Determined by the value of the project
• Substantiation: (1) copy of the complete consultant’s report,
  (2) commentary on course of action taken following
  consultation, (3) submittal of the employment agreement, and
  (4) copy of the paid bill for the consultation services.
Qualifying Commercial Real Estate Development

• Qualifying activity: The development project must be completed
  (built), not proposed.
• To qualify: Completed developments must result in substantial
  change in character or the use of property that can be fully
  documented and analyzed.
• Volume: Determined by the substantiated present value of the
  completed development.
• Substantiation: The formal approval documents or permits,
  site/development plans, evidence of actual closing(s),
  completed property transfers with a deed, and/or third party
  appraisal showing the present value of the completed
  development.
  Qualifying Commercial Investment Real Estate Lease

• Qualifying activity: Completed and closed leasing transactions of
  commercial (office, retail, and industrial) real estate, with a lease term of one
  year or more.
• Volume: Determined by gross or the base value (base rent) of the lease
  signed (exclusive of automatic renewals, options, and separately billed taxes,
  insurance and operating expenses, etc.) Example: 3-year lease @ $10,000
  rental/year = $30,000 volume. Volume must be calculated by candidate or
  candidate must provide a worksheet showing how the volume of the rental
  was calculated & highlight the rental figures in the lease.
• Substantiation: Fully executed copy of the lease. Submit only pages that
  include significant elements such as legal description of the property,
  agreed-upon lease amount (calculate this for total term if it is not clearly
  shown), relevant signatures, and any other pertinent pages that document
  your role, participation or are relevant to the transaction (Highlight all of
  these for clarity to the grader)
Commercial Investment Real Estate Lease
                     (Continued)
• While automatic options and renewals do not qualify,
  substantially renegotiated leases or renewals that are
  materially changed from the original lease may be
  accepted. Submit copies of both leases and highlight
  changes.
• Residential leases, including Apartment leases, do not
  qualify as activities for the portfolio. Apartment and
  all residential leasing managers do not qualify.
• The Leasing of Self Storage units, Billboards, Boat
  Slips and similar activities do not qualify.
  Qualifying Residential Investment
• All residential investment leases, including Apartment leases,
  condominium and student housing, do not qualify as activities
  for the CCIM portfolio of qualifying experience. Apartment
  and all residential leasing managers do not qualify for the
  CCIM portfolio of qualifying experience.
• Qualifying Residential Investment Properties are defined as:
   The Sale, Purchase, or Exchange of any residential property of
  three units or less held solely for investment purposes would
  qualify provided that it meets all of the following criteria:
 Residential Investment (Continued)
If you cannot supply all the documentation as listed, do not submit the residential
    transaction:
• A property that is not owner occupied; AND
• The property must be professionally managed and a management
  contract must be submitted; AND
• For all qualifying residential investment properties, substantiation of
  a written lease for the property must exist and must be submitted;
  AND
• A property where financial analysis has been used in the marketing of
  the property; AND
• A property where the owner filed an income tax return showing
  income, expense, and depreciation for the property; AND
• Notarized, or similar documentation, must be provided that
  substantiates the property as non-owner occupied investment.
Residential Investment (Continued)
    Substantiation: Fully executed copy of the lease to qualify the residential
    investment activity. Only submit pages that include significant elements: legal
    description of the property, the agreed-upon lease amount, signatures
    (HIGHLIGHT IMPORTANT ELEMENTS: TERM, RENT, YOUR SIGNATURE,
    ETC), and any other pertinent pages that document your role.
•   Commercial Investment Rule: 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.
•   Commercial Investment Rule: 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.
•   Note: All residential leases are non-qualifying activities and are only used as a
    proof that a residential property is an income producing investment. Hotel
    leases, apartment leases, condominium, single family or multifamily leases are
    not qualifying activities.
•                 All residential investment transactions must meet all of the above
                   residential investment criteria.
                  Non-Qualifying Activities
    Specifically Excluded from qualification are:
•   Mortgage financing on residential property of less than four units.
•   Apartment and Leasing Managers
•   Property Management Duties
•   Appraisals
•   Land: sales of less than four single-family unimproved lots i.e. residential land
•   Transactions/Activities in which the candidate did not have material participation.
•   The sale or purchase or exchange of personal residences
•   Construction/Building, Space Planning, Remodeling of commercial or investment
    real estate
•   Referral fees from any source including commercial real estate
•   Secondary or underlying loans of commercial real estate
•   Assumption Loans
•   Leasing of self storage units
•   Leasing of boat slips
•              Leasing of billboards
                 Other activities not listed here may not qualify. For questions on Qualification, please email scarter@ccim.com
Required Contents for Volume
• 1 or more activities totaling a minimum of $30
  million. A 3-5 page narrative is required;
     OR
• Exactly 10 qualifying activities that total $5
  million or more;
     OR
• 20 qualifying activities without regard to total
  volume
        PORTFOLIO SUBMISSION FACTS
INTERNATIONAL PORTFOLIOS: For those who are not USA residents

Portfolio Review: Each portfolio will be Reviewed by the Institute Designatio
Department to confirm that it QUALIFIES for the GRADING SESSION
  If items are found lacking or the format does not conform with requirements
   you will be advised of a date by which revisions should be received to be eligible for grading

 Portfolio Grading: Although one portfolio grader is assigned primary
    responsibility for your portfolio, it is reviewed within a team of experienced
CCIM designees to ensure objectivity and consistency
  Disapproved portfolios are also reviewed by the Designation Committee
  Usually, the grader emails you to see if deficiencies can be resolved at once

 Grading Results: Results of the grading session are mailed
    immediately.
  Don’t call or email unless you have not heard within one week of the grading session.
  Approval is Not Official until you receive a notice from the Institute Staff
PORTFOLIO SUBMISSION FACTS (continued)
• Appeals Process: If your portfolio is disapproved you may submit to a
  review board of 3 members (1 each from the Executive, Designations
  and Professional Standards Committee)
• Portfolio Revisions: Revisions for Re-grading will be accepted within 30
  days following notification of disapproval
• Disqualification: Breach of these rules may result in disqualification of
  individual activities or the entire portfolio
    Duplicate portfolios/activities, in the case of partnerships or teams,
      will result in the disqualification of all related portfolios.
    Falsification of information will permanently disallow the entire
      portfolio
• Confidentiality: Contents of the portfolios are kept confidential by the
  Institute. To guarantee the confidentiality of sensitive information and
  avoid conflicts of interest, graders do not review portfolios submitted
  from their own state or from candidates with whom they are familiar.
        Confidentiality Issues
• Portfolio graders are obligated to verify the CCIM
  Candidate’s material participation in an activity as
  required by the CCIM Institute. An alternative activity
  must be chosen by the Candidate when client
  confidentiality in a transaction prohibits the disclosure of
  any or all of the required documentation as listed on the
  Designation Guidelines.

• Yes, there is extra work involved in submitting your
  résumé to the CCIM Institute for portfolio review and
  grading when confidentiality is an issue.
Confidentiality Issues (Continued)
If there is an attorney/client privilege preventing disclosure, submit a
different or alternate transaction if you are not able to provide adequate
information for the grader to review.
Otherwise, please go directly to the client/customer and request the client’s
written permission for release of information that will remain confidential at
the CCIM Institute. Explain that you are working on the prestigious CCIM
Designation and that you must document your work experience in
commercial real estate transactions.
Notify your client/customer that the Portfolio of Qualifying Experience is
highly confidential and destroyed after it is reviewed by the CCIM grader.
If available, provide the engagement letter that includes the name of the
client, property identification, the fee and type of work that was completed. Or
create a document for the client or customer to sign verifying that you were
directly involved in the transaction and that the client has given you
permission to disclose particulars of the transaction. The client must have
                their signature notarized.
      Questions About Qualifications
• Where there is a question of whether your specialization
  qualifies for the designation, refer it to the overall
  principal: There must be substantial involvement with real
  property of a commercial and/or investment nature.
• As a standardized means of assessing that your experience
  qualifies for the designation, please follow the guidelines
  found under Required Contents. If you are unable to do
  so, provide as much documentation and explanation as
  you can.
• Your portfolio needs to clearly identify a character and
  level of activity consistent with experience requirements
  applied to all other candidates.
   Questions About Qualifications
Question: How do appraisers qualify?
Answer:
1. Appraisers will only qualify when they earn the MAI designation. An MAI will
   be able to apply for the CCIM Designation through the CCIM Fast Track
   Program.
2. Assistant appraisers do not qualify.
Question: How would commercial property managers qualify?
Answer: 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 commercial property managers (regardless if they hold the CPM and/or
RPA designation) can document significant material involvement in the
commercial leasing of or the sale/purchase/exchange of a qualifying commercial
property, they may qualify. The volume would be based on the gross amount of
the commercial lease or value of the transferred commercial real estate. See the
                 sections on Commercial Investment Real Estate Lease and/or
                 Sale/Purchase/Exchange for more details.
     Questions About Documentation
Question: How do corporate officers document activities?
Answer: 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.

Question: What do managers show as documentation?
Answer: Show Copies of the signed leases or a copy of the
     consulting report along with an affidavit indicating the
     involvement of the candidate. (Verified letters from the
     client on original letterhead are good additional
     documentation)
Questions about Transactions
Question: If I were to represent the buyer and the seller on a
  transaction, would that count as one or two transactions?
Answer: If a buyer and a seller were represented by the same
  person in the same transaction, that would count as one
  transaction (Rule of thumb: 1 settlement document/ 1
  qualifying activity)
Question: Do activities contained within the portfolio need to
  be commercial only?
Answer: Activities may be commercial or residential
  investment but the latter must follow all criteria specified
  under the appropriate qualifying residential investment
  transactions and all proof must be supplied.
    Questions about Closing &
           Settlement
Question: I am working on a development or consulting
 project but the transaction has not closed yet. May I
 submit the transaction?
Answer: Only completed activities may be submitted even
 in the case of developments and consulting.
Question: I cannot retrieve the settlement documentation.
 May I bypass that requirement?
Answer: All activities require the settlement
 documentation to be submitted.
   Question about Qualifying
          an Activity
Question: I cannot find a category that my work fits
 into. What should I do?
Answer: As a standardized means of assessing that
 your experience qualifies for the designation, please
 follow the guidelines found under Qualifying Activity
 Requirements. If you are unable to do so, provide as
 much documentation and explanation as you can.
 Your portfolio needs to clearly identify a character
 and level of activity consistent with experience
 requirements applied to all other candidates
    Frequently Asked Questions
Question: How would Tenant In Common Sales Representatives
  Qualify?
Answer: Tenant in Common Sales Representatives qualify under
Active Advisory
Question: I worked on a lot of deals that are confidential in nature
  and I cannot submit the required information for security
  reasons. What should I do?
Answer: The documents that are required are mandatory in
  getting your portfolio approved. CCIM keeps contents of the
  portfolio confidential. To avoid conflicts of interest, graders do
  not review portfolios that are submitted from their own state.
  Furthermore, the documents are of great importance to the
              grader to generate a complete understanding of the
              activity in question.
      Things to Remember……
Clarify volume requirements     Make sure that the dollar amount adds up to the
                                transaction volume

Provide US Dollar currency      Provide US dollar amount on the Summary of
                                Qualifying Activities and on each activity


Provide proof of your role in   Explain in complete detail your exact role or your
                                individual role in the transaction/activity.
complete detail
Translation in the Closing      Make sure that the closing statements have the date,
                                volume and property name translated in English and
Statements                      signatures and all pertinent information should be
                                highlighted.

Translation in the              Provide in English the title of the settlement
                                documentation and highlight all signatures and other
Settlement documentation        important facts.

Notarized letters               The Notarized letter should be on company letterhead
                                and signed by the broker , supervisor , or client OR
                                you can provide a certified letter with company stamp
                                and signed by the supervisor or broker.
        Visit CCIM.com
 Visit: www.ccim.com/portfolio

The Designation Requirements found on
the CCIM Website always supersede what
is written and distributed in the
Designation Handbook or Portfolio
Workshop PowerPoint.
   CCIM is here to help you!
                Questions About:
            Designation Requirements
             Portfolio Requirements
              Comprehensive Exam

Should be directed to the Member Relations Manager
                  Samantha Carter
              Phone: +(312) 321-4535
             Email: scarter@ccim.com
             Thank you

You are now ready to prepare your Portfolio
          of Qualifying Activities.

				
DOCUMENT INFO
Categories:
Tags:
Stats:
views:0
posted:3/22/2013
language:English
pages:56
xeniawinifred zoe xeniawinifred zoe not http://
About I am optimistic girl.