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Deals & Dealmakers

REBNY launching commercial brokers’ education program

 

The Real Estate Board of New York (REBNY) announced that it will launch New York Commercial Professional, a special curriculum for commercial brokers who aspire to raise their own level of professionalism and leadership. The new credentials program, starting in October 2014 and spearheaded by REBNY’s Commercial Board of Directors, will raise the bar for standards in the real estate industry.

Steve Spinola
Steve Spinola

Graduates of the accredited program will earn the right to use the acronym NYCP (New York Commercial Professional) after their names, as a sign of belonging to an elite group of professionals. This will be a coveted asset in clients’ search for high-end and unique New York City commercial real estate.

The curriculum consists of five core courses and three electives, taught over 48.5 credit hours.  The core courses starting in October 2014 are: Finance and Investment, Valuation Process, Commercial Transactions, Development, and Real Estate Law.  Elective courses, such as NYC Real Estate and Government, Property Management, Sustainability, Distressed Assets and Not For Profits, will be offered starting in 2015. Candidates must complete the required course work within four years of applying for the designation. There will be a one-time, $250 registration fee and course pricing will adhere to the standard discounted REBNY member fee.
The New York Commercial Professional is an accredited program and all courses will count towards New York State required continued education credit.

The required courses will be taught by a faculty of practitioners from REBNY member firms in addition to outside professionals. Instructors have been selected for their level of experience and expertise. Courses are open to the public, but applicants must be REBNY Commercial Members to be eligible for the designation.

unnamed (8)“New York City’s commercial brokers are already elite in the industry. This program will allow them to advance to yet another level in the services they provide for their clients,” said Steven Spinola, President of REBNY. “REBNY continues to encourage the enrichment of education in the real estate profession by advocating higher ethics, strong leadership, and providing tools to raise each member’s level of success.”

“The New York Commercial Professional program presents an exciting new opportunity for commercial real estate agents to greatly distinguish themselves in their field,” said Christel Engel, a former member of REBNY’s Commercial Board of Directors and Executive Managing Director at Colliers International. “By enrolling in these courses brokers will not only be helping themselves by furthering their education, they will also be helping their clients by creating a more professional, efficient, and enjoyable experience overall.”

“This is the culmination of a long effort by REBNY to offer high level courses in a variety of relevant subject areas taught by the industry’s top professionals,” said Bill Montana,   Chair of REBNY’s Commercial Board of Directors and Managing Director at Savills Studley. “REBNY members who complete the core curriculum and elective courses will be awarded the NYCP distinction, which will confer a hard-earned and well-deserved credential.”

“Property owners will now be able to rely more than ever on certified REBNY members to assist in the most qualified and informed manner,” added James Nelson, a member of REBNY’s Commercial Board of Directors and Partner at Massey Knakal.
Sam Irlander, the Dean of REBNY’s Mendik Education Center said, “The New York Commercial Professional designation will allow brokers to stand out among their peers and use the credential as a way to raise the bar for the entire industry.”

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