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Key Facts: CCIM Exam
70%
Passing Score
The CCIM Institute
6 hours
Exam Duration
8 a.m. to 2 p.m., open book
$410
Exam Fee
Plus $695/year membership
$75
Retake Fee
Free next-day retake; 4 attempts
2x/year
U.S. Exam Sittings
Spring and fall, in person
$8,286
Total Member Cost
2026 CCIM Institute pricing
The CCIM comprehensive exam requires a grade of 70% or better to pass and runs one day from 8 a.m. to 2 p.m. It is open-book: digital or printed CCIM textbooks and materials are allowed, but internet use is prohibited. The exam costs $410, is offered twice a year in the United States, and must be taken in person. The CCIM Institute does not publish a pass rate or an item count.
Sample CCIM Practice Questions
Try these sample questions to review concepts for the CCIM exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 200+ question experience with AI tutoring.
1What is the fundamental principle behind the time value of money?
2Which formula represents the calculation of future value (FV)?
3What does the Net Present Value (NPV) represent in investment analysis?
4What is the capitalization rate (cap rate) formula?
5If a property has an NOI of $100,000 and sells at a 5% cap rate, what is the property value?
6What is the Internal Rate of Return (IRR)?
7Which component is NOT typically included in Net Operating Income (NOI)?
8What is the loan constant (mortgage constant)?
9Which formula calculates the Equity Dividend Rate (cash-on-cash return)?
10What is an ordinary annuity?
About the CCIM Exam
The CCIM designation is the premier credential for commercial real estate investment professionals. The comprehensive exam covers financial analysis, market analysis, user decision analysis, and investment analysis based on the CI 101-104 core courses. The exam is open-book and requires completion of a Portfolio of Qualifying Experience.
Exam sponsor: The CCIM Institute. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.
Assessment
Question count not published by the exam provider
Time Limit
6 hours
Passing Score
70%
Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.
Our practice resources: topics covered
We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.
CI 101: Financial Analysis
Time value of money, cash flow analysis, IRR, NPV, capitalization rates, investment yields, mortgage-equity analysis, band of investment, Ellwood method
CI 102: Market Analysis
Economic base studies, supply/demand analysis, market research methods, absorption analysis, capture rates, trade area analysis, site analysis
CI 103: User Decision Analysis
Lease vs. buy analysis, lease terms, occupancy costs, load factors, expense stops, percentage rent, tenant improvements, space requirements
CI 104: Investment Analysis
Property valuation, investment strategies, portfolio analysis, risk assessment, due diligence, 1031 exchanges, tax considerations, leverage analysis
Preparing for the CCIM Exam
What You Need to Know
- Passing score: 70%
- Assessment: Question count not published by the exam provider
- Time limit: 6 hours
- Exam / certification fees: $410 Official sources
Using Our Practice Resources
- Work through all 200 available questions
- Review every answer and explanation
- Track weak areas and revisit them
- Use our AI tutor for tough concepts
CCIM: Suggested Study Strategy
Frequently Asked Questions
What is the CCIM exam pass rate?
The CCIM Institute does not publish a pass rate for the Comprehensive Exam, so any specific percentage you see quoted online is an estimate rather than an official statistic. What the Institute does publish is the standard: a grade of 70% or better is passing, and results are posted in the Grades tab of your ccim.com account by 4 p.m. on exam day. Candidates who do not pass may retake the exam at no cost the following day, and up to four retake attempts are permitted.
Is the CCIM exam open book?
Yes, the CCIM comprehensive exam is open-book. You are allowed to bring digital or printed copies of CCIM course materials, including CI 101-104 textbooks, workbooks, and your own notes. However, internet access is not permitted. The exam tests your ability to apply commercial real estate concepts, not just memorize facts, so having reference materials helps but does not eliminate the need for thorough understanding.
What are the prerequisites for the CCIM exam?
To sit for the CCIM Comprehensive Exam, you must: 1) Complete the four Designation courses CI 101-104 (Financial Analysis, Market Analysis, User Decision Analysis, Investment Analysis), 2) Complete 8 hours of interest-based negotiations training before CI 103 and CI 104, 3) Complete the online Ethics course, 4) Earn two full elective credits from the Robert L. Ward Center, 5) Submit and receive approval for your Portfolio of Qualifying Experience, and 6) hold dues-paying Institute Candidate membership ($695/year). Fast Track candidates who already hold a qualifying designation such as CFA, MAI, SIOR, CPM, or CCE-equivalent credentials are exempt from both the elective credit and portfolio requirements.
How hard is the CCIM exam?
The CCIM Comprehensive Exam is considered challenging because it tests applied understanding across four content areas in a single six-hour sitting. Items combine financial calculations, market analysis scenarios, lease structuring, and investment decision-making drawn from the CI 101-104 case studies. The open-book format helps with formula reference, but the pace is demanding: candidates who rely heavily on searching their materials usually run out of time. Most successful candidates take the optional Core Concepts Review and drill calculator keystrokes until the mechanics are automatic.
How many questions are on the CCIM exam?
The CCIM Institute does not publish an item count on its Comprehensive Exam page, so no verified number is available; its own Comprehensive Exam FAQ has described the test as multiple-choice with four answer options (a-d). What is published is the format: one in-person sitting from 8 a.m. to 2 p.m., open book, with a 70% passing grade. The Institute states that 25% of the exam is drawn from CI 104, and the four Designation courses are weighted evenly.
How much does the CCIM designation cost?
The CCIM Institute publishes 2026 member pricing totaling $8,286: Institute Candidate membership ($695/year), CI 101 ($1,299), CI 102 ($1,529), Negotiations Training ($370), CI 103 ($1,499), CI 104 ($1,499), the Ethics course (included), two elective credits (varies), the Portfolio submission fee ($175), and the Comprehensive Exam plus two-day review ($1,220). Completing the coursework as a non-member and joining later costs $11,810, so member pricing saves $3,524.
What is the Portfolio of Qualifying Experience?
The Portfolio of Qualifying Experience documents that you have achieved the minimum level of commercial-investment experience required for the designation. Candidate members may submit any time after passing CI 101, and portfolios are reviewed twice a year, in the spring and fall, ahead of each U.S. Comprehensive Exam. Transactional portfolios must show three or more qualifying activities totaling $30 million or more, exactly ten activities totaling $10 million or more, or twenty activities with no dollar-volume requirement. Once approved, you must complete your first exam attempt within two years or the approval is void. Fast Track members are exempt.