MBA to Provide CRIS Examination Guide: The CRIS mission, according to the MBA, is to 'recognize ethics-based competency in the real estate industry.'(contract between Mortgage Bankers Association and Chartered Realty Investor Society)

WASHINGTON -- The Mortgage Bankers Association has entered into an arrangement with the Chartered Realty Investor Society, an independent organization that develops a professional designation for the commercial real estate industry, whereby the MBA will produce a study guide for a professional examination conducted by CRIS.

Under this agreement, the MBA will develop a study manual for examinees seeking the CRI designation, which will include educational materials on topics covered by the CRI level two examination, the MBA reports.

"This agreement is a perfect means to wed the strengths of both organizations - MBA's educational infrastructure with CRIS' comprehensive testing content - to help industry professionals better prepare for the future complexities of our marketplace," said Dan Phelan, president and CEO of Pacific Southwest Realty Services.

"MBA's commercial real estate/multifamily finance board of governors and the executive committee of CRIS should be commended for their leadership role in completing this important step toward ensuring a knowledgeable and ethical work force."

CRIS is a not-for-profit organization that awards the CRI designation based on a candidate's successful completion of two "comprehensive" exams.

It is not in the business of training or educating CRI candidates and as a result has chosen to enter into this agreement with the MBA.

The CRIS mission, according to the MBA, is to "recognize ethics-based competency in the real estate industry for the benefit of the public through the process of awarding the right to hold its CRI charter to individuals meeting and maintaining the requirements of the CRI designation."