- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Any real estate people have their ccim and is it hard
Posted on 11/11/13 at 6:56 pm
Posted on 11/11/13 at 6:56 pm
To get?
This post was edited on 11/11/13 at 7:04 pm
Posted on 11/11/13 at 8:09 pm to trillhog
I've taken the introductory course - it was interesting (return on investment - that sort of thing). It's pretty extensive coursework and you have to present a portfolio of your experience in order to qualify.
Posted on 11/11/13 at 8:10 pm to trillhog
If ccim stands for "Crash Course In Morality"' you are fricked.
Posted on 11/11/13 at 9:18 pm to Janky
I'm getting mine now. I've been doing commercial banking for 15 yrs though.
It is a LOT of numbers. 104 is a ton of tax. If you have some accounting and finance background then you'll do great. If your just a sales guy trying to get the initials, prepare to study your arse off.
The tests are open book, but they are not easy at all. Esp 104
It is a LOT of numbers. 104 is a ton of tax. If you have some accounting and finance background then you'll do great. If your just a sales guy trying to get the initials, prepare to study your arse off.
The tests are open book, but they are not easy at all. Esp 104
Posted on 11/12/13 at 9:58 am to Im4datigers
do you feel like you are learning a lot or are you getting it just to have.
Posted on 11/12/13 at 10:33 am to trillhog
Learning a lot. Banks tend to look at real estate deals from cash flow, LTV, guarantor support etc.
Real estate agents and investors look at it from a ROI standpoint which sometimes jives with the way the bank looks at it and sometimes doesn't.
Some of the stuff is review (wouldn't be for a non-banker IMO), but other stuff is very insightful.
In my line of work, there are very few bankers that are CCIM's. Therefore it's a huge credibility advantage over other loan officers when I can hound a commercial guy to send me deals. With a CCIM they automatically know that I know what I'm talking about and can look at it from the Bank side and the investor side and create additional value for the client.
Real estate agents and investors look at it from a ROI standpoint which sometimes jives with the way the bank looks at it and sometimes doesn't.
Some of the stuff is review (wouldn't be for a non-banker IMO), but other stuff is very insightful.
In my line of work, there are very few bankers that are CCIM's. Therefore it's a huge credibility advantage over other loan officers when I can hound a commercial guy to send me deals. With a CCIM they automatically know that I know what I'm talking about and can look at it from the Bank side and the investor side and create additional value for the client.
Posted on 11/12/13 at 10:35 am to Im4datigers
FWIW, you can do the upfront pre-paid deal for $4k and some change.
One other thing you have to look at is the portfolio submission requirements. Do you have enough transactions completed (leased or sold) to satisfy the requirement. Don't jump in and take all the classes only to not be able to sit for the exam because you are light on the portfolio requirements.
One other thing you have to look at is the portfolio submission requirements. Do you have enough transactions completed (leased or sold) to satisfy the requirement. Don't jump in and take all the classes only to not be able to sit for the exam because you are light on the portfolio requirements.
Posted on 11/13/13 at 8:10 am to Im4datigers
I havnt closed anything yet but I plan to do a fair amount in the next year, someone told me you could go ahead and start the classes and then hopefully your portfolio gets to be where it need to be when your done. I'd like to learn more about the finance side instead of having to rely on other people so much, really ignorant on the subject.
Posted on 11/13/13 at 5:15 pm to trillhog
quote:
I havnt closed anything yet but I plan to do a fair amount in the next year
Posted on 11/13/13 at 9:25 pm to Janky
You are starting to creep me out a little, what did I do for you to e-stalk me?
Popular
Back to top
Follow TigerDroppings for LSU Football News