Institute of Real Estate Management of the National Association of Realtors

The Institute of Real Estate Management (IREM), an affiliate of the National Association of Realtors (NAR), is a leading organization for real estate management professionals. Founded in 1933 in Chicago, Illinois, IREM's mission is to educate, certify, and advocate for professionals in the real estate management industry. The organization is unique in serving both multifamily and commercial sectors.

Objectives and Activities

IREM's primary objectives include providing extensive educational programs, hosting national meetings for property managers, and developing resources such as textbooks, reports, and journals. These activities are designed to enhance the professional competence of its members and support their role in maximizing the value of managed properties.

Membership and Credentials

IREM offers various membership tiers, and it confers several prestigious credentials:

• Certified Property Manager (CPM): Recognizes expertise in property management.
• Accredited Residential Manager (ARM): Specializes in residential property management.
• Accredited Commercial Manager (ACoM): Focuses on commercial property management.
• Accredited Management Organization (AMO): Highlights organizations that meet rigorous property management standards.

Affiliation with NAR

As an affiliate of the National Association of Realtors, IREM members are required to hold membership in NAR, either as a Realtor or an Institute Affiliate. This affiliation ensures that IREM members are connected to a broader network of real estate professionals across the U.S.

Current Status

As of recent updates, IREM has a significant base of individual and corporate members, with a strong presence in both domestic and international real estate management. The organization has been proactive in addressing industry challenges, such as the impact of the COVID-19 pandemic on managed properties. Through its resources and advocacy, IREM continues to serve as a key voice in the real estate management industry.

Legal Status

IREM operates as a 501(c)(6) business league, reflecting its role as a professional association supporting members in the real estate management field.

[1] https://en.wikipedia.org/wiki/Institute_of_Real_Estate_Management [2] https://en.wikipedia.org/wiki/National_Association_of_Realtors [3] https://www.irem.org/membership/institute-affiliate-membership [4] https://www.nar.realtor/commercial/institutes-societies-and-councils [5] https://www.nar.realtor/about-nar/affiliated-organizations