IREM® Membership and Credentialing Highlights
Certified Property Manager® (CPM®) Designation
– for individual real estate and asset managers working with large portfolios of all property types – residential, commercial, retail and industrial. Currently there are 8,733 CPM Members and 1,920 CPM Candidates who manage approximately 11.7 million residential units and 6.5 billion net square feet of commercial space, the total value of which exceeds $848 billion in real estate assets. Requirements to earn the designation are:
- Education – though IREM courses, through other organizations, through academic achievement
- Experience – minimum of 36 months of qualifying real estate management experience
- Ethics – promise to uphold the CPM Code of Professional Ethics and pass the IREM ethics course
- Examination – show competency in all aspects of real estate management by passing a certification exam. In addition, demonstrate the practical application of all that has been learned on the job and in the classroom through a written management plan.
Accredited Residential Manager® (ARM®) Certification
– for managers of residential portfolios, including conventional apartments, federally assisted housing, public housing, condominiums, university housing, homeowners’ associations and manufactured home communities. Currently there are 3,700 ARM Members whose average portfolio is 640 residential units. Requirements to earn the certification are:
- Education – through IREM courses, through other organizations, through academic achievement
- Experience – at least one year of residential property management experience
- Ethics – promise to abide by the ARM Code of Professional Ethics
- Examination – show competency in key areas of residential real estate management by passing a certification exam.
Accredited Management Organization® (AMO®) Certification – recognizes excellence among real estate management firms. Currently, there are 525 AMO firms operating at 733 different locations throughout the United States and Canada. AMO firms manage approximately 1.3 million residential units and 533.9 million net square feet of commercial space, the total value of which exceeds more than $101.9 billion in real estate assets. Requirements to earn accreditation are:
- Maintain appropriate insurance coverage – to ensure financial stability and to protect property under management
- Pass an independent financial review
- Have a CPM in an executive position to supervise management operations
- Promise to abide by the AMO Code of Professional Ethics and Minimum Standards
IREM also offers three forms of non-credentialed membership:
- Associate Membership, open to real estate professionals who are involved in virtually any area of real estate management.
- Student Membership, for undergraduate and graduate students attending an accredited college or university full time.
- Academic Membership, for individuals teaching full- or part-time at a college, community college or university.