To obtain the CRP designation you must:

• Submit an application to become a Candidate Member
• Complete all education and experience requirements
• Pass a certification exam after completion of education requirement
• Complete a peer interview with a panel of experienced CRPs
• Adhere to REIC’s Code of Professional Ethics
• Maintain your membership with REIC by being current with Membership Dues

Apply today!

Becoming a REIC Candidate Member is your first step towards achieving an REIC designation.

• Download the candidacy application form and complete the package.
• Sign and date the application form indicating your acceptance of the Rules & Regulations.
• Attach current resume and any appropriate real estate education transcripts.
• Include 3 letters of recommendation. Two of the recommendations must be from the following: current or former employers; current or former clients; or CRP Members. The remaining one should be from someone who can attest to your integrity and business reputation.
• Submit a police certificate (without a vulnerable sector search) issued by your local police service within the past year. 

Once your application is received, the Member Services Department will review the information. If approved, you will receive an invoice including all applicable pro-rated dues and an application fee of $300.00 + applicable taxes, which must be paid before becoming a candidate. Once your dues and application fee are paid, you will become a Candidate Member.

Refer to the application form for full requirement details.

The CRP designation education programming is offered in collaboration with UBC Sauder School of Business. Once an application is received and admission to the program is granted, candidates will receive a link to access UBC courses.

Complete the following courses:

PRE-REQUISITE (Offered by the University of British Columbia, Sauder School of Business)
CPD 106 – Multi-Family Property Valuation(Recommended)
OR
BUSI 401 Commercial Property Analysis

AND
CPD 151 Real Estate Finance Basics
CPD 152 Financial Analysis with Excel

CORE (Offered by the University of British Columbia, Sauder School of Business)
CPD 891 Fundamentals of Reserve Fund Planning
CPD 899 Reserve Fund Planning Guided Case Study

CORE (Offered by REIC)
REIC 2600 Ethics in Business Practice
CRP Technical Competency Workshop
CRP Standards Workshop

CERTIFICATION EXAMINATION
Pass a certification exam after completion of education requirement
Complete a peer interview with a panel of experienced CRPs

Note:

The courses should be taken in the order specified above except for the REIC 2600 that may be taken at any time before the certification exam.

Candidates may apply for prior learning assessment and recognition (PLAR) for the pre-requisite courses offered by UBC or another post-secondary institution. All of the core courses are mandatory for candidates to achieve the CRP designation.

Please send an email to education@reic.com to request a PLAR. 

To obtain the CRP designation, you can choose one of two ways to demonstrate experience in reserve planning:

1. If you have no reserve planning experience you require three (3) years of experience in related industries within the last five (5) years immediately prior to applying for the CRP designation.
   Experience in related industries include:
   • Technical experience related to building systems (e.g., assessing, design, construction, etc.
   • Financial experience related to accounting and finance (e.g., investing, inflationary trending, etc.)
2. If you have reserve planning experience, you must submit a minimum of five (5) reserve fund studies you have authored and reviewed by a CRP.

• Pledge to uphold the REIC Code of Professional Standards.
• Be current with your annual national and your chapter dues (if applicable) to maintain your hard-earned designation!
• Complete the peer interview requirement with a panel of experienced CRPs
• Retain and show proof of Errors and Omissions Insurance.

How do I become a CRP candidate?

Becoming a CRP candidate is simple. Submit your application, any relevant documents, pay your dues and non-refundable processing fee of $300.00 plus GST/HST and you are on your way!
Refer to the application form for full requirement details.

Who can provide a letter of recommendation and what process should be followed?

A CRP candidate must provide three (3) letters of recommendation. Two of the recommendations must be from the following: current or former employers; current or former clients; or CRP Members. The remaining one should be from someone who can attest to your integrity and business reputation. A blank letter of recommendation is included in the Application package.

How much does it cost?

A candidate is required to pay dues, both at the national and chapter level. As chapter dues are set by each chapter, overall costs will vary depending on location. The approximate candidate costs (without tax) are:

• $300.00 processing fee for application
• $600.00 average for annual dues
• $4,200.00 average for the education component

How much experience is required to apply?

To obtain the CRP designation, you can choose one of two ways to demonstrate experience in reserve planning:

1. If you have no reserve planning experience you require three (3) years of experience in related industries within the last five (5) years immediately prior to applying for the CRP designation.
   Experience in related industries include:
   • Technical experience related to building systems (e.g., assessing, design, construction, etc.
   • Financial experience related to accounting and finance (e.g., investing, inflationary trending, etc.)
2. If you have reserve planning experience, you must submit a minimum of five (5) reserve fund studies you have authored and reviewed by a CRP.

I submitted my application to become a candidate member, what comes next?

If approved, you will receive an invoice including all applicable pro-rated dues and an application fee of $300.00 + applicable taxes, which must be paid before becoming a candidate. Once your dues and application fee are paid, you will become a Candidate Member A welcome package will be sent to you within 5 business days. This allows you access to your local Chapter as well as discounts on REIC Courses. By paying your annual dues by the due date, you will receive a candidate logo that you can attach to your print or online material.

What does “member in good standing” mean?

A member in good standing means that you have paid your annual dues by required date. This is necessary for both candidates and members. As per the Rules and Regulations you have agreed to:

“pay annual dues and fees as set by the Institute, each and every year in order to maintain my membership and keep my designation”

A CRP in good standing shall obtain and show proof of Errors and Omissions insurance to maintain their CRP designation.

When can I use my designation?

You will receive regular updates from the Member Services Department regarding your progress. Once you have successfully completed the program, you will be sent an official approval letter via email once your designation has been approved and you can begin using the designation.
Unauthorized use of a designation is prohibited and may result in member termination.

Note: A CRP shall obtain and show proof of Errors and Omissions insurance to maintain their CRP designation.