Exhibit 3A

Proposed Revisions to Statement of Policies to the CPM® Requirements

Note: Deletions are noted with strikethroughs, additions are noted with underlines

Background

The Membership & Credentialing Committee is charged with ensuring IREM’s membership requirements remain relevant and continuously support the CPM® brand. The CPM® brand is:

  • Educated and competent in the core body of knowledge necessary for a real estate management professional
  • Demonstrated expertise in asset management – an “asset performance expert”
  • Experienced in the management of real estate
  • Performance guided by ethical business practices
  • Committed to the profession

In 2012, each committee member was asked to mentor a CPM® Candidate. The assignment was to determine how IREM® can best guide and support Candidates through the program and thus shape future initiatives, and to determine what, if any, issues were impacting Candidates’ abilities and experiences. At its 2012 fall meeting, committee members shared their insights and discussed what’s happening within the CPM® program today based on demographic, economic, and technological shifts. From this, the committee began a comprehensive review of the CPM® requirementsto assess whether each requirement is meaningful, supports the brand, and adds value to the designation – and is not an unnecessary hurdle or needless inhibitor.

In summary, the committee determined that the core education, ethics, exam, experience, and management plan requirements should remain intact – these requirements fully support theCPM® brand. However, some opportunities for improvement were identified that would minimize the administrative burden on CPM® Candidates; ensure timely responses and a high-level of customer service; streamline operations; and recognize and respect that individualshave preference and want choices on how to engage with IREM® in ways that are meaningful for them.

Proposal Summary

A summary of these changes is as follows:

  • A CPM® Candidate member in good standing (national and local dues paid in full) can remain a CPM® Candidate for as many years as needed to complete the program once they fulfill the one year minimum Candidacy period.
  • The minimum one year Candidacy period can be fulfilled by being an ARM® or ACoM Member in good standing for the 12 months preceding approval.
  • The chapter approval timeframe is changing to 30 days from 60 days.
  • Fast track applicants will pay an approval fee which will include the CPM® course library (the workbooks from the 7 education courses). The 2014 budget includes a fast track approval fee of $630.
  • There are also two housekeeping updates as IREM® no longer offers homestudy courses.

Article II. Membership

Section 1.Certified Property Manager Program

Section 1.5 Requirements to Earn the CPM® Designation

To earn the CPM® designation, a candidate must meet the following requirements:

1.5.1Have been a candidate for at least one year from the date of approval of candidacy. A candidate may not remain in candidate status in excess of 10 years from the year of candidacy approval. This one year candidacy period can be fulfilled by being an ARM® or ACoM Member in good standing for the 12 months immediately prior to CPM® approval.

1.5.5Submit three letters of recommendation, at least two of which must be from CPM® Members or current/former clients or current/former employers in any combination. There is no restriction on who must write the third letter of recommendation. All references shall attest to the Candidate’s reputation and integrity.

(GC, 4/2004)

(EC, 10/2008)

1.5.8Have the written chapter approval from the chapter having jurisdiction. In areas where there is no chapter or the chapter does not take action, or declines in giving any written approval, the written approval of the appropriate regional vice president shall be required.

(GC, 11/2002)

(a)Approval shall be based on a consideration of the candidate's experience and integrity.

(GC, 11/2002)

(b)In order to allow the chapter, if appropriate, to grant such approval:

(1) The candidate is required to attend two chapter meetings or events as shall be defined by the chapter during the 12 months immediately prior to approval.

(GC, 4/2004)

(2) The candidate must be current with any applicable chapter dues.

(3) The candidate must complete a new-member orientation conducted by the chapter, if offered.

(GC, 11/2002)

(c) If the chapter or regional vice president fails to respond to a request for approval within 6030 days, the provisions of this section shall be deemed to have been met and the Institute shall move forward with appropriate action of CPM® Membership approval.

(GC, 05/10)

1.5.10 Earn education credit in one of the following four ways:

(GC, 4/2004)

(a) Successfully complete the IREM CPM® curriculum via classroom or self-pacedonline delivery: As of January 1, 2009, the CPM® curriculum consists of the following courses:

(EC, 10/2008)

(GC, 10/2012)

MNT402

HRS402

One MKL400 course (MKL404, MKL405, MKL406)

FIN402

ASM603

ASM604

ASM605

(GC, 4/2004)

(GC, 10/2012)

(b) Hold an RPA, CCIM, CSM, or PCAM certificationand submit a fast track approval fee, as approved in the annual IREM budget.

(c) Have an undergraduate or graduate degree (major, minor, or concentration) in real estate or property management from a regionally accredited college or universityand submit a fast track approval fee, as approved in the annual IREM budget.

(EC, 10/2008)

(d) Have twenty (20) years of qualifying professional experience, as verified via experience reports and approved by the chapter having jurisdictionand submit a fast track approval fee, as approved in the annual IREM budget.

(GC, 10/2011)

(e) For students and Candidates who successfully completed IREM courses through December 31, 2004, credit will be given as follows:

(GC, 4/2004)

(1) Existing Candidates, prior to January 1, 2005) who completed 30 points of IREM education will be deemed to have fully met the IREM education requirement.

(EC, 10/2008)

(2) All other existing Candidates and any student who applies for CPM candidacy on or after January 1, 2005 will receive credit for IREM courses in accordance with the conversion chart shown below.

(GC, 04/2004)

Required IREM courses as of January 1, 2009 / Course Equivalencies
A course completed in this column prior to 2005 will earn credit for the required
course(s) in the left-hand column
All of the following ASM courses:
ASM603
Commercial Real Estate Financing and Valuation – Part One (2 days)
ASM604
Commercial Real Estate Financing and Valuation – Part Two (2 days)
ASM605
Cash Flow Analysis: Practical Applications
(1 day) / Pre-1998 curriculum: 400
FIN402
Managing Investment Real Estate: Financial Tools (2 days) / 1998-2004 curriculum: FIN201 or ASM606
Pre-1998 curriculum: 301, 302, 303, or 305
HRS402
Developing Human Resource Strategies for Real Estate Managers (2 days) / 1998-2004 curriculum: HRS201 or HRS603
Pre-1998 curriculum: 301, 302, 303, 305 or 702
One MKL course from the following:
MKL404
Marketing and Leasing: Retail Properties
(2 days)
MKL405
Marketing and Leasing: Multifamily Properties
(2 days)
MKL406
Marketing and Leasing: Office Buildings
(2 days) / 1998-2004 curriculum: MKL201, MKL402, MKL403, MKL404, or BDM401
Pre-1998 curriculum: 301, 302, 303, 305 or 701
MNT402
Maintenance Operations and Risk Management (2 days) / 1998-2004 curriculum: MNT201, LRM201, LRM402, LRM603, CML201, MTF201, MTF202, MTF203, MTF204, or RES201
Pre-1998 curriculum: 101, 301, 302, 303 or 305
Pre-2005: REM201, REM202, or REM203 (IREM courses taught through colleges)

(e)Education credit shall be earned by: (1) For classroom credentialing courses, pass an open-book exam with a minimum of 70% and attend the full course, or (2) For self-paced online and home study credentialing courses, pass an open-book exam with a minimum of 70%.

Checklist for Becoming a CPM®
Proposed Changed effective January 1, 2014
Education – Select one of four options
Option 1: IREM® Courses
One MKL400-level course
HRS402
MNT402
FIN402
ASM603
ASM604
ASM605 / Option 2: Other Designations Fast Track – fast track fee which includes the CPM® course library.
Hold a CCIM, CSM, PCAM, or RPA designation / Option 3: RE Degree Fast Track – fast track fee which includes the CPM® course library.
Have an undergraduate or graduate degree with major, minor, or concentration in real estate or property management / Option 4:Professional Experience Fast Track– fast track fee which includes the CPM® course library.
Have 20 years of qualifying professional experience (as verified via experience reports and approved by chapter)
Management Plan – Select one of two options – NO CHANGES
Option 1
Pass management plan on an actual property / Option 2
Pass management plan skills assessment (MPSA®)
Examination– NO CHANGES
Pass CPM® certification exam
Ethics– NO CHANGES
Attend and pass exam for ETH800
Pledge to uphold the IREM® Code of Professional Ethics (included as part of the CPM®
Candidate application; also listed on
Experience– NO CHANGES
3 years (36 months) of real estate management experience (meeting portfolio and function minimums; portfolio and function requirements listed on
Other Requirements
□Be a CPM® Candidate for a minimum of one yearor an ARM® or ACoM Member in good standing for the 12 months prior to CPM®approval.
□Submit a CPM® application with the $210 application fee
□Submit three (3) Confidential Letters of Recommendation (included as part of the Candidate new member packet and CPM® application)
□Be affiliated with the National Association of Realtors®
□Be current with annual national dues
□Be current with annual chapter dues
□Hold a real estate license or verify that you are not required to have one for your current position
□Attend two IREM® Chapter meetings or events during the 12 months immediately prior to CPM® approval
□Be interviewed and recommended for approval by the local IREM® Chapter

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