Seems that the world is full of acronyms lately especially in Commercial Real Estate Designations. There are two important acronyms that you should be familiar with when you are looking for a professional to help with your commercial real estate business:
SIOR – Society of Industrial and Office Realtors
CCIM – Certified Commercial Investment Member
These CRE Designations add value to your broker.
SIOR – The Society of Industrial and Office Realtors is a professional organization that assures you are dealing with a well-trained, educated, experienced and ethical commercial real estate broker. As described in the organization’s own words, working with a member of SIOR means that you can be confident you are getting the best and most ethical treatment as a client.
Real estate professionals who have earned the SIOR designation are recognized by corporate real estate executives, commercial real estate brokers, agents, lenders, and other real estate professionals as the most capable and experienced brokerage practitioners in any market. SIOR designees can hold the following specialty designations: industrial, office, industrial and office (dual), sales manager, executive manager, or advisory service. (SIOR)
Commercial real estate transactions are complex and very different from a residential transaction. Working with experienced, reliable and trustworthy agents and brokers that carry an SIOR designation will help ensure a worry-free and smooth transaction.
CCIM – Certified Commercial Investment Member – CCIM designees are recognized as leading experts in commercial investment real estate, the CCIM designation certifies a CRE professional’s commitment to the following principals:
- Ethical leadership
- Cultural awareness
- Investing in the future
- Staying connected
- Fiscal responsibility
- Acting globally
Currently, over 13,000 CRE professionals have earned the CCIM designation. Many of these individuals are either principals or owners of their firms and the designation can be earned in any CRE related industry, such as banking and law. CCIM designees are proven successful leaders in developing commercial real estate investment strategies and planning.
If you are looking to develop a commercial real estate investment portfolio, working with a CCIM designee is the best way to ensure you have the proper strategies and plan in place to achieve your goals. Working with a partner that recognizes the importance and value integral with these two designations is crucial to success in commercial real estate transactions. Lee & Associates is here to guide and advise you on the best strategy in your commercial real estate plans.