What is the difference between a commercial real estate agent and a residential real estate agent? When it comes to state licensing, the answer is nothing. When it comes to experience and expertise, there is a world of difference.
The CCIM Institute was created four decades ago to develop and teach best practices for commercial real estate professionals. The organization now offers the most prestigious designation within the industry--CCIM, which stands for Certified Commercial Investment Member. To earn a CCIM, professionals must complete a 200-hour graduate-level program, hold a track record of success in the industry, and demonstrate mastery of financial, market and investment analysis.
Nationwide, only 6 percent of commercial real estate practitioners hold the CCIM designation. In Utah, 91 professionals have earned their CCIM designation-together, they form an elite cadre of highly experienced and deeply knowledgeable commercial real estate experts.
The CCIM Institute provides more than the elite CCIM designation program. It is also an industry association that offers networking, continuing education and technology resources. Industry professionals don't need to hold the CCIM designation to be a part of the association. In fact, more than 160 people belong to the Utah CCIM chapter.
The organization's annual Excellence Awards serve to highlight the accomplishments of Utahns in the commercial real estate industry. The awards are open to all industry players, regardless of their membership in the Utah CCIM. "We have tried to make it as inclusive as possible," says Brandon Duke, Utah CCIM president elect and vice president at Key Bank. "It really is open to anyone in the industry."
For the past two years, the event has been chaired by Ronda Landa, sales director for First American Title. She says the Excellence Awards are intended to recognize top producers in the industry--but the awards are based on more than the numbers. "The Excellence Awards celebrate top producers who are well rounded," says Landa. "What is their reputation in the industry? How are they giving back to the community? How are they involved in mentorship or other civic engagement?"
The Excellence Awards honorees are determined through a nomination process. Names are redacted, and then the nominations are vetted by the Utah CCIM Board. After that, a panel of judges--Landa says more than 70 judges were involved this year--score the nominations on specific criteria, with the highest-scoring nominations taking top honors.
Please join Utah Business as we shine a spotlight on the 2016 Utah CCIM Excellence Awards...