Maintaining the MCR Designation
Continuing professional development (CPD) activities are important to stay abreast of new information and business models in a constantly changing global marketplace. To keep the MCR designation in good standing, a designee must participate in educational activities specific to a renewal cycle.
To remain an active designee in good standing, a corporate real estate professional must:
• Accumulate 50 hours of continuing education related to career enhancement or job performance during each 3 year renewal cycle; and
• Submit an application for renewal with appropriate fee payment by the cycle's deadline.
What types of programs satisfy the continuing education requirement?
How is CPD credit calculated?
What are the options for a designee who does not have company support in maintaining the designation?
What if a designee cannot reach the required CPD goal by the renewal deadline?
What happens if a designee does not submit an application by the renewal deadline?
Is it possible to recover the MCR designation once it has been lost through failure to meet the maintenance requirements?
Q: What types of programs satisfy the continuing education requirement?
CoreNet Global's Senior Leader of Corporate Real Estate (SLCR) Certificate Program is highly recommended to MCR designees as the next step to provide the critical leadership skills needed to position themselves for a greater role in the organization. All CoreNet Global Summits, MCR and SLCR Seminars, Webinars, and CoRE Fundamental Programs provide CPD credits.
Other real estate or business-related educational programs that offer career enhancement or support job performance in commercial real estate qualify for CPD credit. Additionally, courses to maintain state licenses earn credit. Educational formats include classroom, online, webinars, correspondence, summit sessions or chapter presentations. Only programs of at least one hour of duration qualify for credit.
Q: How is CPD credit calculated?
One hour of educational programming equals one credit of continuing professional development (1 CPD). Program content must related to the corporate real estate industry.
Fifty CPD credits is equivalent to 50 program hours of corporate real estate education.
Only CPD credits earned within your cycle may be used for credit.
Q: What are the options for a designee who does not have company support in maintaining the designation?
Summit Connect, local chapter learning programs, webinars, and online courses are recommended. Chapters may provide a CPD sign-in sheet. However, it is recommended that MCRs bring a form to any non CoreNet Global learning event for a signature.
Q: What if a designee cannot reach the required CPD goal by the renewal deadline?
If a designee falls short of reaching the minimum number of credits to satisfy a renewal cycle, a one-year extension is available. The application for extension must be submitted on or before 1 December of the deadline year. During the extension, an MCR must make up the deficit CPD credits from the prior cycle.
When 50 CPD credits have been reached during the extension period, an Application for MCR Renewal with fee payment and attached documentation must be submitted by the deadline of 31 December of the extended year.
A nominal processing fee of US$ 65 is payable with the application for the extension.
Q: What happens if a designee does not submit an application by the renewal deadline?
Three things will happen. The designee will be:
Q: Is it possible to recover the MCR designation once it has been lost through
failure to meet the maintenance requirements?
To regain the MCR designation, an executive must:
For MCR Renewal Contacts or a status report of CPD credits earned through CoreNet Global,
please contact your regional representative listed below: