Designations
CRP Requirements & Fees
To obtain the CRP designation you must first submit an application to become a Candidate member.
Applying for the program is the first step in the membership process. Once your application is approved, and you have paid your annual membership fee, you will become a Candidate Member and have access to member benefits.
You can also download the application here.
There is an application fee of $285 + tax.
Once you are approved as a Candidate member, you must maintain membership with the Institute and complete the program’s education and experience requirements.
Education Requirements
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.
The courses you need to successfully complete are:
PRE-REQUISITE (Offered by the University of British Columbia, Sauder School of Business)
BUSI 401 Commercial Property Analysis
- Member rate: $645 + tax
CPD 151 Real Estate Finance Basics
- Member rate: $140 + tax
CPD 152 Financial Analysis with Excel
- Member rate: $95 + tax
CORE (Offered by the University of British Columbia, Sauder School of Business)
CPD 891 Fundamentals of Reserve Fund Planning
- Member rate: $495 + tax
CPD 899 Reserve Fund Planning Guided Case Study
- Member rate: $1395 + tax
CORE (Offered by REIC)
REIC 2600 Ethics in Business Practice
- Member rate: $700 + tax
CRP Technical Competency Workshop
- TBD
CRP Standards Workshop
- Member rate: $299 + tax
In addition to the above, you must also complete the following:
- Pass the CRP Certification Exam (there is an exam fee of $350 + tax).
- Complete a peer interview with a panel of experienced CRPs
Experience Requirements
To obtain the CRP designation, you can choose one of two ways to demonstrate experience in reserve planning:
- 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.)
- 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.
The CRP Roadmap
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Completing the Program
Once you have fulfilled all your experience and education requirements, you must complete a peer interview with a panel of experienced CRPs and then membership will be granted.
In order to earn and maintain the CRP designation, you must pledge to uphold the REIC Code of Professional Standards and pay annual membership dues to the Institute.
Please note a CRP shall obtain and show proof of Errors and Omissions insurance to maintain their CRP designation.
Dues Information
To maintain your candidacy and then the fully designated membership, there are ongoing yearly membership dues.
Both Candidate and Membership Dues are $600.00 plus tax on average.