Certificate of Advanced Study in Commercial Real Estate Development

The NAIOP Certificate of Advanced Study in Real Estate Development is awarded upon the completion of four courses related to development, including Essentials of the Development Process and Advanced Development Practices, in addition to elective courses.

NAIOP courses are based upon core competencies, which are specialized categories of applied skills and established industry practices, organized into the body of knowledge, that are essential to delivering financially successful projects.

Application/Fees

Application/Fees

Any person wanting to become a candidate for the Certificate of Advanced Study in Commercial Real Estate Development must submit the following:

  • Completed certificate application;
  • Current resume; and
  • One-time application fee.

The program is open to NAIOP member and nonmember applicants.

What are the certificate program fees?

  • Application fee: $75 member/$150 nonmember
  • Extension fee*: $50 member/$100 nonmember

*This fee is for candidates who do not complete all courses with the initial 2-year timeframe.

Download the certificate program application.

Total Costs to Complete a Certificate
Sample costs when you register for each event at the early bird rate. Prices subject to change.

Members

  • 4 required courses at the $795 member tuition = $3,180
  • Certificate application fee of $75 (Current holders of a NAIOP certificate: $50)
  • Grand Total - $3,255


Developing Leader Members

  • 4 required courses at the $595 DL member tuition = $2,380
  • Certificate application fee of $75 (Current holders of a NAIOP Certificate: $50)
  • Grand Total - $2,455


Nonmembers

  • 4 required courses at the $995 nonmember tuition = $3,980
  • Certificate application fee of $150 (Current holders of a NAIOP certificate: $100)
  • Grand Total: $4,130

Course Offerings

Course Offerings

What courses are available and how many are required to earn a certificate?

The course selections and requirements are listed in the illustrations below. A total of four courses are required to complete a certificate for a total of sixty-four (64) hours:

  • Two required core courses: 32 hours
  • Two elective courses: 32 hours 
  • Total hours required: 64 hours

NAIOP Course Selections

There are 10 NAIOP courses available exclusively through The Center for Education. Each course is 16 hours long and is accessible in both the live online format as well as the traditional onsite classroom setting.

NAIOP Core Courses

Required Courses Introductory Level Intermediate Level Advanced Level Contact Hours
Essentials of the Development Process

16
Advanced Development Practices
16
NAIOP Elective Courses
Elective Courses (Select any 2 courses) Introductory Level Intermediate Level Advanced Level Contact Hours
Basic Real Estate Finance

16
Advanced Real Estate Finance
16
Financial Analysis of Development Projects
16
Real Estate Investment and Capital Markets
16
Real Estate Law and Land Use Policy
16
Site Feasibility for Owners & Developers
16
Leasing, Marketing & Negotiation
16
Construction Management for Developers & Owners

16

Eligible NAIOP Chapter Courses

NAIOP chapters who subscribe to NAIOP's Continuing Education Programs may offer eight eligible courses that are eight-hour versions adapted from the full 16-hour courses. Should you chose to take any of these eligible chapter courses, you may substitute two of the eligible courses for one NAIOP elective course with exceptions noted in the chart below.* 

These courses are not available online. Check with your chapter to see which of the below courses they are planning to offer.

Eligible Chapter Courses

Eligible Courses Adapted From Introductory Level Intermediate Level Advanced Level Contact Hours
Real Estate Investment Analysis Basic Real Estate Finance

8
Advanced Finance Advanced Real Estate Finance
8
Development Finance Fundamentals Financial Analysis of Development Projects
8
Real Estate Capital Markets Real Estate Investment and Capital Markets
8
Legal Analysis of CRE Transactions Real Estate Law and Land Use Policy
8
Site Analysis Site Feasibility and Market Analysis
8
Commercial Leasing Leasing, Marketing & Negotiation
8
Construction Management Construction Management for Developers & Owners

8

* Double credit may not be earned by taking both versions of the same course.

Education Credits

Education Credits

The Center for Education assigns an educational credit value for all of its offerings.

  • Credit value is based on the number of elapsed hours for each offering. Values are measured in the form of both Professional Development Hours (PDH) and Continuing Education Units (CEU).
  • NAIOP is a registered provider of Learning Units (LU) through the American Institute of Architects' Continuing Education Service, which regulates the LU.
  • Earned educational credit is based on confirmed completion of an offering, which is recorded in a transcript by The Center for each registered student.
  • Transcripts are available to each student upon request as official documentation of their work when applying to licensing and accreditation authorities for approved educational credit.
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FAQs

FAQs

What are core competencies?

NAIOP core competencies are specialized categories of applied skills and established industry practices, organized into the body of knowledge, that are essential to delivering financially successful projects.

When should I submit my application for the Certificate Program?

We strongly recommend you submit your application as soon as you decide to participate in the Certificate Program. NAIOP will grandfather credit for any NAIOP Corporate course(s) that are completed during the twelve months prior to submitting an approved certificate application. One must complete the test for the course(s) with a passing score of 80% for credit.

How do I access the certificate curriculum?

A full array of courses are accessible either live online or in the traditional onsite classroom setting in various locations.

How many courses are required to earn a certificate?

The completion of four courses is required to earn the finance certificate for a total of sixty-four (64) hours.

Are exams required?

Yes, exams are required. One of the fundamental elements of establishing certificate program credibility is the added rigor of summary course exams. Satisfactory completion of certificate work requires demonstrated knowledge of course content which is measured by written comprehensive exams. Exams are administered by NAIOP confidentially online to certificate candidates immediately following the conclusion of NAIOP courses and webinars, as well as eligible chapter courses. A minimum exam score of 80 percent is required to pass a course. A post-course exam may be taken up to three times to satisfy requirements.

What if I miss a class?

A certificate candidate is required to attend all classes either live or via the archived recording. Late arrival and or early departure may require you to retake the course before credit is granted.

What records are kept of my coursework?

The Center for Education maintains records of all the offerings you complete, as well as exam scores, in a confidential transcript. Transcripts are available to you upon request.

Do I earn educational credit while working toward my certificate?

Yes. The Center for Education assigns an educational credit value for all its offerings. Credit value is based on the number of elapsed hours for each offering. Values are measured in the form of both Professional Development Hours (PDH) and Continuing Education Units (CEU). In addition, NAIOP is a registered provider of Learning Units (LU) through the American Institute of Architects' Continuing Education Service which regulates the LU. Educational credit is earned once completion of an offering is confirmed. Credit is recorded in a transcript by The Center for each student. Transcripts are available to you upon request for use as documentation of your work when applying to licensing authorities for approved educational credit.

How much time do I have to complete the certificate?

You have two (2) years (24 months from the start of the first course) to complete the 64 hours of coursework. One extension of one (1) additional year may be taken to complete coursework.

How often are courses offered and what are tuition rates?

All NAIOP courses are scheduled annually in their online versions, or their traditional classroom settings in different national locations. See Certificate Programs for dates and locations of all offerings and events.

What are application requirements?

You must submit a certificate application along with a resume and a one-time application fee. The program is open to member and nonmember applicants.

What do I receive in recognition once my coursework is completed?

You will receive a transcript of your coursework, and the NAIOP Certificate of Advanced Study in Commercial Real Estate Finance that states your name, accomplishment and date the coursework was completed. In addition, all new certificate recipients are publicized to the industry media by NAIOP.

May I waive or test out of a course?

Yes. If after reviewing the agenda for the Basic Real Estate Finance (BREF) course, you believe that you have already acquired the necessary knowledge from formal education and/or work experience, you may request a waiver and take the final course exam. In order for the BREF course requirement to be waived you must pass the exam in one attempt, with a score of 80 percent or better. If you pass the test and a waiver is approved, you must replace BREF with an elective course from the NAIOP curriculum to complete the required total of 64 hours to earn the certificate.

May I transfer credit for courses taken through another organization to NAIOP for credit toward my certificate coursework?

No. Credit from another training or educational organization is not accepted for transfer to the NAIOP certificate program.

What are the differences between online and onsite education formats?

NAIOP uses Citrix as our online learning platform, enabling students to access classes via an Internet-enabled computer. Onsite education is conducted face-to-face at a dedicated site (e.g. in a traditional classroom setting).

What are the computer requirements?

The interactive sessions will be accessed via GoToWebinar.com.

Please use the list below to determine if your computer meets the minimum requirements recommended to participate in the online courses:

To attend on a PC, the following is required:

  • Internet Explorer® 6.0 or newer, Mozilla® Firefox® 2.0 or newer (JavaScript™ and Java™ enabled)
  • Windows® 2000, XP, 2003 Server or Vista
  • Cable modem, DSL or better Internet connection
  • Minimum of Pentium® class 1GHz CPU with 512 MB of RAM (Recommended) (2 GB of RAM for Windows® Vista)

To attend on a Mac®, the following is required:

  • Mac OS X 10.4 (Tiger®) or newer
  • Safari 3.0 or newer, Firefox 2.0 or newer (JavaScript™ and Java™ enabled)
  • Cable modem, DSL or better Internet connection
  • Power PC G4/G5 or Intel processor (521 MB of RAM or better recommended)

Participants wishing to connect to audio using VoIP will need a fast Internet connection, a microphone and speakers (a USB headset is recommended).

Contact Barb Parnarouskis at barbp@naiop.org for more information.