If you’re a professional in the real estate industry, there’s a chance you have initials after your name that indicate what certifications you’ve earned throughout your tenure. Some designations carry more weight than others for certain specialties, but there are some designations that stand out among the rest.
Project Management Professional (PMP) certification
Less than a million people across the globe have earned PMP certification, so the validation truly does differentiate you from other project managers. Because of the strategic and financial knowledge that come along with being PMP certified, project managers with this certification have an edge over other professionals competing for the same job. PMP certification is one of the most prestigious designations a real estate professional can earn.
Certified Property Manager (CPM) certification
Those with a CPM are experts in real estate management. Seventy percent of professionals with a CPM designation are at the highest management position in their office. To earn the CPM designation, you must pass the CPM certification exam and pledge to uphold the code of ethics.
Before applying, you must have 3 years of qualifying real estate management experience, certain professional affiliations and letters of recommendation.
Counselors of Real Estate (CRE) membership
For real estate counselors, being invited as a member of The Counselors of Real Estate is a high honor. To be invited, a prospective member must be recognized by their clients, employees and peers as an outstanding professional in the field with knowledge, integrity and good judgment. Candidates will have at least 10 years of experience in real estate, three of which are in counseling.
Certified International Property Specialist (CIPS) designation
CIPS is a members-only group with professionals across 45 countries. Those with CIPS certification specialize in global real estate after gaining knowledge through a variety of courses. International buyers tend to vary from those buying domestically, and the CIPS curriculum prepares real estate professionals by sharpening their global perspective.
Certified Real Estate Specialist (CRES) certification
A CRES-certified professional is acknowledged as having balanced knowledge in all areas of real estate. Top professionals can earn the certification when they’ve demonstrated experience, training, skills and commitment that goes beyond basic licensing requirements.
Your professional designation is a great way to showcase expertise in the industry and show the public that you take pride in your career. However, it’s important that you don’t put excessive focus on your designations. Your people skills, experience and professional courtesy may not be certifiable, but they are still an important part of your career that shouldn’t be overlooked.