Maintaining the MCR Designation

Continuing professional development (CPD) activities are important to stay abreast of new information and business models in a constantly changing global marketplace. To keep the MCR designation in good standing, a designee must participate in educational activities specific to a renewal cycle. To remain an active designee in good standing, a corporate real estate professional must: • Accumulate 50 hours of continuing education related to career enhancement or job performance during each 3 year renewal cycle; and • Submit an application for renewal with appropriate fee payment by the cycle's deadline. MAIL your application form with documentation and payment to: MCR Designation Renewal, CoreNet Global, Inc. 133 Peachtree Street NE, Suite 3000, Atlanta, GA 30303 FAX your application form with documentation and credit card information to: + 1 404.589.3202 MCR RESOURCES:   • CPD Credit Form   • Designation Renewal Form   • Log of CPD Credits   • Self-Study Form   • At-A-Glance: Three-Year Intervals   • Chart of Credits NOTES: The MCR designation renewal cycle begins following receipt of the MCR official completion letter and ends three years' later on 31 December.  Each subsequent renewal cycle is 3 years.  At-A-Glance: Three-Year Intervals Fifty CPD credits is equivalent to 50 program hours of corporate real estate education. Refer to the MCR Chart of Learning Options for CPD credit for information about learning activities and CPD credits. Only CPD credits earned within your current cycle may be used for credit CoreNet Global will list the names of all MCRs in good standing in a variety of publications and on the CoreNet Global website following each renewal cycle What types of programs satisfy the continuing education requirement? How is CPD credit calculated? What are the options for a designee who does not have company support in maintaining the designation? What if a designee cannot reach the required CPD goal by the renewal deadline? What happens if a designee does not submit an application by the renewal deadline? Is it possible to recover the MCR designation once it has been lost through failure to meet the maintenance requirements? Q: What types of programs satisfy the continuing education requirement? CoreNet Global's Senior Leader of Corporate Real Estate (SLCR) Certificate Program is highly recommended to MCR designees as the next step to provide the critical leadership skills needed to position themselves for a greater role in the organization. All CoreNet Global Summits, MCR and SLCR Seminars, Webinars, and CoRE Fundamental Programs provide CPD credits. Other real estate or business-related educational programs that offer career enhancement or support job performance in commercial real estate qualify for CPD credit. Additionally, courses to maintain state licenses earn credit. Educational formats include classroom, online, webinars, correspondence, summit sessions or chapter presentations. Only programs of at least one hour of duration qualify for credit. MCR Chart of Credits - Learning Options and credit value for approved CPD credit Top Q: How is CPD credit calculated? One hour of educational programming equals one credit of continuing professional development (1 CPD). Program content must related to the corporate real estate industry. Fifty CPD credits is equivalent to 50 program hours of corporate real estate education. Only CPD credits earned within your cycle may be used for credit. Top Q: What are the options for a designee who does not have company support in maintaining the designation? Summit Connect, local chapter learning programs, webinars, and online courses are recommended. Chapters may provide a CPD sign-in sheet. However, it is recommended that MCRs bring a form to any non CoreNet Global learning event for a signature. MCR CPD Credit Form - form used to document CPD credits earned and submitted with renewal MCR Self-Study Form - form used to earn CPD credit for self-study Top Q: What if a designee cannot reach the required CPD goal by the renewal deadline? If a designee falls short of reaching the minimum number of credits to satisfy a renewal cycle, a one-year extension is available. The application for extension must be submitted on or before 1 December of the deadline year. During the extension, an MCR must make up the deficit CPD credits from the prior cycle. When 50 CPD credits have been reached during the extension period, an Application for MCR Renewal with fee payment and attached documentation must be submitted by the deadline of 31 December of the extended year. A nominal processing fee of US$ 65 is payable with the application for the extension. Top Q: What happens if a designee does not submit an application by the renewal deadline? Three things will happen. The designee will be: Notified in writing that certification is suspended Prohibited from using the MCR designation Excluded in any listing of MCR designees in CoreNet Global publications and Web site Top Q: Is it possible to recover the MCR designation once it has been lost through failure to meet the maintenance requirements? To regain the MCR designation, an executive must: Accumulate a total of 50 CPD credits in continuing education for each missed three-year cycle since the last renewal date, with 32 of the 50 credits earned by attending a self-selected MCR/SLCR class or a CoreNet Global Summit Submit the Application for Renewal with the reinstatement box checked Pay a reactivation fee of US $300 for each three-year period missed Top For MCR Renewal Contacts or a status report of CPD credits earned through CoreNet Global, please contact your regional representative listed below: GENERAL / AMERICAS Kitty Edwards Manager, Learning, North & Latin America Tel: +1 404.589.3249 Fax: +1 404.589.3202 kedwards@corenetglobal.org EMEA / ASIA / AUSTRALIA / NEW ZEALAND Cathy Thomas Manager, Learning Relations Asia Pac & EMEA Tel: +44 7557.687.109 cthomas@corenetglobal.org