Sustainable Real Estate for Commercial Professionals
Designations & Certifications:
Affiliation:
NAR's Green Designation Commercial Elective Course
Course Credits: Counts as one elective course to be applied towards NAR's Green Designation program.
Duration: 1 Day
Format: Classroom, Online
Course Objective
Developed specifically for commercial real estate practitioners and an approved elective for NAR's Green Designation, this one-day course helps students understand the size of the market for sustainable commercial property, the role of the commercial real estate practitioner in the brokerage of these properties, certifications and rating systems for high-performance green buildings, and techniques and strategies to accomplish sustainability goals. In addition, the valuation and financing of sustainable commercial properties are examined.
Course Outline
Chapter 1: Motivations and Trends
- Identify the extent of sustainable commercial buildings
- Describe the quantitative and qualitative motivations for sustainable commercial property
Chapter 2: The Broker's Role in Sustainable Commercial Property
- Identify the sustainable commercial building client types
- Provide relevant market information to clients
- Explain the considerations and implications of green leases
- Guide clients and customers in evaluating the benefits and risks of remodeling/retrofitting commercial building feature
- Develop probing questions to assess the client's goals and needs.
Chapter 3: Certifications and Ratings
- Describe sustainability certifications and ratings for building designs and energy use
- Identify the benefits and limitations of pursuing certifications
Chapter 4: Advanced Concepts in Sustainable Design
- Discuss advanced sustainable building principles and actions for commercial property in new construction and remodeling/retrofitting of existing buildings
- Describe innovative technologies and techniques in sustainable commercial property
Chapter 5: Existing Buildings
- Identify best practices of planning green improvements for existing buildings
- Identify smaller-project (operations and maintenance) sustainability practices for existing buildings
- Identify larger-project (capital upgrades) retrofits of existing buildings
- Identify the advantages of retrocommissioning and ongoing commissioning of existing buildings
Chapter 6: Valuation and Financing of Sustainable Commercial Property
- Discuss the methods for valuing green commercial properties or commercial properties with green features
- Discuss quantitative and qualitative value of sustainable property with owners, lenders, and appraisers
- List sources of funding for sustainable real estate
- Identify underwriters' and appraisers' approach to valuation
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