Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, reports Arizona Department of Real Estate (ADRE) Commissioner Judy Lowe has appointed Cecil Yates of Commercial Properties, Inc. (CPI) to the Arizona Test Development Committee as a Subject Matter Expert.
The Arizona Department of Real Estate regulates real estate, cemetery and membership camping brokers and salespersons. It approves and monitors pre-licensing instruction and testing and continuing education courses. It maintains oversight of approved schools to ensure the quality content of their courses, the competence of their instructors, and the quality and timeliness of the materials being taught. The Department oversees the activities of licensees, investigates complaints against licensees and land developers, and participates in administrative hearings pertaining to their conduct. The Department also regulates the sale of subdivisions, un-subdivided lands, timeshares, condominiums, membership campgrounds, and cemeteries.
Governor Jan Brewer appointed Judy Lowe as the Arizona Department of Real Estate Commissioner in 2009. Governor Doug Ducey re-appointed Ms. Lowe as Commissioner in January 2015. “I have been honored to accept both appointments,” said Lowe.
Yates, an award-winning developer, has vast experience with construction and development, property management, and economic development. He presently manages over 11-million square feet of commercial real estate with CPI in Arizona. He has two undergraduate degrees from the University of Cincinnati in Marketing & Management, as well as an MBA in Strategic Management from Patten University in Oakland California. He is also Six Sigma Certified. Yates received the Award of Merit by the Association of Builders and Contractors for his project; Chester Road Square and was named as “People and Projects to Know” in the 2017 edition of PTK by Arizona Commercial Real Estate (AZRE) magazine.
“It was very exciting to get the call,” said Yates. “Commissioner Lowe and I spoke at a previous IREM meeting (Institute of Real Estate Management), where we discussed how technology can aid in real estate licensing in the State of Arizona. I look forward to working with the committee”
The Test Development Committee meets with the appointed Subject Matter Experts to review the State of Arizona real estate examination content. This years’ meetings will take place on February 27-28. Pearson VUE is the ADRE’s testing vendor who will be administering the review process.