For 17 years, REFM has supported students with discounted pricing.

Holders Of REFAI® Certification

The individuals listed below have prepared for and passed the REFAI® Certification course.  Passing requires a score of 70% or better, and passing With Distinction requires a score of 85% or better.

Bruce Kirsch, Program Administrator

Note to Employers and Recruiters: Earning REFAI® Certification also includes earning all three Levels of REFM’s Certification Program In Excel For Real Estate. The full list of Certification Holders for that program can be found here.

Note to Certification Holders:  REFAI® Certification can be listed on your resume and LinkedIn profile etc. in the following way — REFAI Certification (With Distinction, if applicable)

You can follow follow these instructions to put the Certification on your LinkedIn profile.  Select either “Linneman Associates” or “Real Estate Financial Modeling” as the Issuing Organization.

You can include the following (or a variation of it) in your Education block of your resume:

REFAI® CERTIFICATION(, With Distinction [if applicable])
Committed 150 hours to complete a self-paced curriculum on real estate finance and investments and Excel-based financial modeling designed by the founding chair of The Wharton School’s real estate department, Dr. Peter Linneman, and REFM founder Bruce Kirsch. Independently read textbook, consumed video and audio media, and completed more than 500 exam questions.

Holders of REFAI Certification

The First 100
  • Madison Whalen, With Distinction – 12/26/2019
  • Christopher Holder, With Distinction – 1/1/2020
  • Roberto Gallegos – 2/20/2020
  • Alejandro Tellez Vazquez, With Distinction – 4/17/2020
  • Joe Scheck, With Distinction – 4/27/2020
  • Chris Comet – 5/4/2020
  • Connor Nolan, With Distinction – 5/4/2020
  • Nick Catalano, With Distinction – 5/6/2020
  • Alvaro Carrillo-Sanchez – 5/6/2020
  • Shruti Mehta, With Distinction – 5/11/2020
  • Christian Jones, With Distinction – 5/14/2020
  • Tracy Huang, With Distinction – 5/17/2020
  • Joshua Kim, With Distinction – 5/25/2020
  • Adam Hurd, With Distinction – 6/1/2020
  • Patrick Watkins, With Distinction – 6/3/2020
  • Andrew Hayward, With Distinction – 6/8/2020
  • Christopher Cortes, With Distinction – 6/18/2020
  • Dan Litt, With Distinction – 6/19/2020
  • Huriyet Anaz – 6/20/2020
  • Emanuele Mortara, With Distinction – 6/21/2020
  • Alejandro Banuelos – 6/25/2020
  • Julian Oquendo, With Distinction – 6/30/2020
  • Andrew Wright, With Distinction – 7/2/2020
  • Brooks Arundel, With Distinction – 7/6/2020
  • Joseph Addeo – 7/7/2020
  • Trevor White, With Distinction – 7/9/2020
  • Hunter Douglas, With Distinction – 7/15/2020
  • Daniel Smith, With Distinction – 7/19/2020
  • Joe Duggan, With Distinction – 7/23/2020
  • Daniel Ciapka – 7/26/2020
  • Cornell Dayne, With Distinction – 7/26/2020
  • Luke Bingaman – 7/27/2020
  • Austin Fields, With Distinction – 8/2/2020
  • Michael Zhou, With Distinction – 8/2/2020
  • Sam Byczek, With Distinction – 8/3/2020
  • Jacqueline Yackow – 8/3/2020
  • Kevin Ruiz-Jimenez, With Distinction – 8/4/2020
  • Nolan Slovinsky – 8/5/2020
  • Alec Deane – 8/11/2020
  • Kyle Stoker, With Distinction – 8/11/2020
  • Jack Reddeck, With Distinction – 8/11/2020
  • Tyler Ramatowski, With Distinction – 8/16/2020
  • Ryan Tice – 8/21/2020
  • Brian Dentry, With Distinction – 8/24/2020
  • Benyamin Shaker – 8/28/2020
  • John Mclaughlin, With Distinction – 9/1/2020
  • Mandeep Badesh, With Distinction – 9/2/2020
  • Caleb Billingsley – 9/2/2020
  • Dylan Dimarchi, With Distinction – 9/2/2020
  • Zachary Bertucci – 9/8/2020
  • Michael Shudoma – 9/9/2020
  • Gary Li, With Distinction – 9/9/2020
  • Francisco Flores, With Distinction – 9/10/2020
  • Jason Freedland, With Distinction – 9/16/2020
  • Jenna Rediker, With Distinction – 9/21/2020
  • David Sargent – 9/26/2020
  • Christopher Rawlings – 9/26/2020
  • Warren Crummett – 10/2/2020
  • Manuel Del Campo, With Distinction – 10/12/2020
  • Parker Dietz, With Distinction – 10/16/2020
  • Landon Wood – 10/19/2020
  • Marcus Minami – 10/23/2020
  • Jonathan Ellis, With Distinction – 10/28/2020
  • Grant Foster, With Distinction – 10/28/2020
  • Mike Hayes, With Distinction – 10/28/2020
  • Yilin Wang – 11/5/2020
  • Matthew L. O’sullivan, With Distinction – 11/15/2020
  • Tyler Rix – 11/19/2020
  • George De Rossi, With Distinction – 11/23/2020
  • Dylan Katz, With Distinction – 11/24/2020
  • Caleb Augustyn – 11/28/2020
  • Christopher Elder – 12/3/2020
  • Jacob Swartz – 12/8/2020
  • Alex Guindon, With Distinction – 12/14/2020
  • Nolan Schmitz, With Distinction – 12/16/2020
  • Daniel Sarman, With Distinction – 12/16/2020
  • Zachary Brown, With Distinction – 12/17/2020
  • Scott Tully, With Distinction – 12/18/2020
  • Jack Gottlieb, With Distinction – 12/25/2020
  • Aaron Farzan, With Distinction – 12/28/2020
  • Benjamín Dueñas, With Distinction – 12/30/2020
  • Will Long, With Distinction – 12/30/2020
  • Kevin Garden, With Distinction – 1/1/2021
  • Tommy Romano, With Distinction – 1/4/2021
  • Tucker Raney – 1/4/2021
  • William Knight – 1/4/2021
  • Sebastian Corte – 1/6/2021
  • Mercy Angaine – 1/8/2021
  • Octavio Rueda, With Distinction – 1/11/2021
  • Padraic Walsh, With Distinction – 1/28/2021
  • Troy Trecroce, With Distinction – 1/30/2021
  • Nicholas Harris, With Distinction – 2/1/2021
  • Patrick Ryan, With Distinction – 2/1/2021
  • Ryan Henkels, With Distinction – 2/5/2021
  • Gina Shelton – 2/8/2021
  • Terry Fields, With Distinction – 2/9/2021
  • David Ballman, With Distinction – 2/13/2021
  • Taisiia Tsvilyniuk, With Distinction – 2/16/2021
  • James Williams, With Distinction – 3/1/2021