Sustainability in the commercial real estate industry has evolved from a trend to an economic reality. Investment analysts confirm that the value of commercial buildings is significantly impacted by sustainable features. Government agencies have requirements in place for sustainability in construction, property management and energy use. Tenants and investors are demanding green practices.
What does this mean for the commercial broker and what knowledge must a commercial broker obtain to adequately represent their customers and clients?
The Commercial Brokers Association (CBA) has developed the Certified Green BrokerTM designation for the commercial real estate industry and related professions. The Certification program enables industry professionals to identify the essential issues related to green features of projects and provide relevant counsel on the benefits of buying, leasing, managing and building green. The program offers 30 hours of real estate continuing education credit, 30 hours GBCI LEED hours and gives brokers the right to display the certification on their marketing materials.
A Certified Green BrokerTM must successfully complete required courses that cover core competencies related to building green, and receive a 75% passing grade on a comprehensive examination. To obtain the Certificate, applicants must be licensed real estate brokers.
After purchasing the course you will receive a subscriber login, which can be entered at the top of this page. The course consists of two parts: the course instruction and a timed final exam. All course instruction and quizzes must be completed before taking the final exam.
The Certified Green BrokerTM program can also be taken for real estate continuing education credit without obtaining the certification. To obtain the certification, a student must complete a 250 question final exam. For continuing education credit without obtaining the certification, the student must take a 90 question final exam. Students must pass either exam with at least a 75% passing grade.
You must complete the course within 90 days. If a passing grade is not achieved on the final exam, a student can re-test. If a passing grade is not achieved on the re-test final exam, the full course must be repeated before taking the final exam again. There is no fee for re-testing; repeating the course is subject to the full course purchase fee. Refunds are not available.
"The class was easy to take over the internet and the materials were very well presented. There were tons of links to other sources, which exposed me to the whole green world. I recently spoke about this with a developer who does a lot of GSA work and I told him I had taken the Green Broker class through CBA. He checked it out while we were talking. His feedback was “This Is Great, this level of education is ideal for the brokerage community. Very much in demand."
- Constance Wilde, vice-president, CB Richard Ellis, Seattle, WA
"It's about the value equation in sustainable high performance buildings. As tenants and users continue to move toward meeting these objectives, knowledgeable real estate professionals will be be sought-out"
- Douglas Howe - president, Touchstone Corporation, Seattle, WA