Commercial brokers group establishes “Elite” designation

The Commercial and Industrial Brokers Society of Long Island is creating a new industry designation of professional achievement called CIBS Elite. 

The designation is aimed at qualified real estate practitioners with a strong transactional history in brokerage fee-based services.  

Brokers will have the opportunity to achieve the CIBS Elite designation by passing four, three-hour education classes over the course of a year and maintain an active membership in CIBS, according to an organization statement. The courses include New York State brokerage law, professional ethics, and mediation and arbitration, with additional classes covering capital markets and investment properties, underwriting, valuation and appraisal, environmental insurance, and government assistance agencies such as industrial development agencies and the Empire State Development Corporation.  

“As an organization, we must do everything we can to promote the best standards of our industry,” David Pennetta, CIBS co-president and executive managing director of Cushman & Wakefield, said in the statement. “In creating the CIBS Elite designation, we can better support those brokers who represent the best of our industry, while providing them additional tools to succeed.”    

Ted Stratigos, CIBS co-president and managing director and principal at Avison Young, said the new designation will indicate to future clients that these brokers have a higher level of understanding. 

“CIBS Elite designees should be considered the most qualified and experienced, the best of the best when choosing your real estate professional,” Stratigos said in the statement. 

The program is set to launch in late spring with classes being held at several locations throughout Long Island. Additional information, including the application process and associated costs, will be posted shortly on the CIBS website at cibs-li.com. 

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