
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: 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
- Talisha Rice - 3/12/2021
- Matthew Vincent - 3/14/2021
- Liheng Fan - 3/23/2021
- Mohamad Ramadan - 4/5/2021
- Will Davis - 4/12/2021
- Travis Winston - 4/19/2021
- Jason Moses - 4/30/2021
- Connor Mcadams - 5/14/2021
- Sameir Madden - 5/17/2021
- Matt Stringham - 5/25/2021
- David Gibbs - 5/27/2021
- Cole Charbonnier - 6/6/2021
- Andy Yang - 6/22/2021
- Kurt Steinke - 6/23/2021
- Andrew Jin - 6/26/2021
- James Swartz - 7/11/2021
- Charlie Jacob - 7/12/2021
- Chalin Fairly - 7/16/2021
- Steven Morrison - 7/20/2021
- Kristen Gao - 8/16/2021
- Peter Ballantyne-Barrell - 8/22/2021
- Aaron Rose - 8/23/2021
- Robert Cuthbertson - 8/30/2021
- Eduardo Rincón Gallardo Maldonado - 9/3/2021
- Arturo Salazar - 9/14/2021
- Skylar Staib - 9/15/2021
- Haonan Liu - 9/16/2021
- William Clark - 9/21/2021
- Eugene Soto-Beregovoy - 9/21/2021
- Ogden Leyens - 9/30/2021
- Cole Barnard - 10/5/2021
- Nicholas Martucci - 10/5/2021
- Wen-Hao Chin - 10/9/2021
- Christian Payne - 10/18/2021
- Jeff Zenger - 11/5/2021
- Emrose Bhalesha - 11/6/2021
- Michael Madden - 11/18/2021
- Andrew Chan - 11/23/2021
- Jack Reddeck - 11/30/2021
- Grant Link - 12/7/2021
- Thapelo Tyson Mthembi - 12/20/2021
- Matthew Kelling - 12/30/2021
- Joaquín Márquez - 12/31/2021
- Praveen Akula - 1/3/2022
- Allison Werner - 1/7/2022
- Max-Ulrich Nickel - 1/10/2022
- David Carroll - 1/13/2022
- Avery Rustad - 1/17/2022
- Spencer Kuhlman - 1/17/2022
- Elizabeth Tillman - 1/18/2022
- Richard Hacking - 1/22/2022
- Matthew Brown - 1/25/2022
- Daniel Smicka - 1/27/2022
- Milton Baxter - 1/30/2022
- Alexander Baker - 1/30/2022
- Locke Williamson - 1/30/2022
- Jacky Cheng - 1/30/2022
- Jaime Uota - 1/31/2022
- Cooper Mccarthy - 2/15/2022
- Chris Langley - 2/18/2022
- Charley Gates - 2/19/2022
- Imran Anwar - 2/22/2022
- Julian Lombard - 2/23/2022
- Robert Fox - 2/24/2022
- Joel Dayton - 3/5/2022
- Trevor Young - 3/12/2022
- Juan Diaz - 3/12/2022
- Cyrus Johnson - 3/14/2022
- Michael Greendyk - 3/17/2022
- Megan Milburn - 3/18/2022
- Vanessa Whittington - 3/23/2022
- Abraham Chapa - 4/6/2022
- Larry Buckner - 4/7/2022
- Noah Schott - 4/11/2022
- Braxton Barker - 4/14/2022
- Stephanie Nihei - 4/21/2022
- Omar Metwally - 4/23/2022
- Conoly Koontz - 4/24/2022
- Luke Schmit - 4/29/2022
- Kason Curtis - 5/4/2022
- Michael Glaspie - 5/6/2022
- Jeff Storer - 5/10/2022
- Bruce Park - 5/16/2022
- Kyle Cunningham - 5/18/2022
- Francisco Hernandez Ramos - 5/19/2022
- Chen Li, With Distinction - 5/25/2022
- Nathan Ward - 5/26/2022
- Keith Gabrielson - 6/3/2022
- Givi Karbelashvili, With Distinction - 6/8/2022
- Matteo Coppola - 6/9/2022
- Mitchell Pitts - 6/24/2022
- Joe Alessandro - 6/27/2022
- James Wood - 6/28/2022
- Andrew Dittrich - 7/11/2022
- John Grib - 7/12/2022
- Stone Barcomb - 7/15/2022
- Xiaoyu Wang - 7/23/2022
- Conor Neyer - 7/27/2022
- Su Jung Choi - 7/29/2022
- Will Miner - 8/7/2022
- Mack Weems - 8/11/2022
- Dominic Guan - 8/11/2022
- Corey Hancock - 8/13/2022
- Brett Barr - 8/16/2022
- Jacob Altshuler - 8/16/2022
- Elijah Gilbert - 8/25/2022
- Alice Obas - 8/31/2022
- Thomas Broderick - 9/7/2022
- Jack Mclean - 9/16/2022
- Artemios Roussos - 9/18/2022
- Sophia Palombo - 9/25/2022
- Christopher Carver - 10/4/2022
- Noah Englestad - 10/7/2022
- Tyler Brochstein - 10/8/2022
- Cody Johnson - 10/10/2022
- Daniel Yanes - 10/18/2022
- Khalid Yosufzai - 10/22/2022
- Benjamin Garrison Brock Jr - 10/25/2022
- William Perry - 11/7/2022
- Henry Percy - 11/13/2022
- Tristan Harvey - 12/1/2022
- Ethan Hunsucker - 12/22/2022
- Erik Digirolamo - 12/22/2022
- John Wilson - 12/22/2022
- Rhett Saltiel - 1/1/2023
- Christopher Ruiz - 1/4/2023
- Jacob Rodriguez - 1/12/2023
- Isaac Benedict - 1/12/2023
- Benjamin Fortunato - 1/14/2023
- Thomas Sorbara, With Distinction - 1/16/2023
- Oscar Castelan - 1/17/2023
- Logan Walker - 1/26/2023
- Ismael Concepcion - 2/14/2023
- Vitaly Polovin - 2/21/2023
- Easton Moore - 3/1/2023
- Brian Jennett, With Distinction - 3/4/2023
- Joseph Alston - 3/10/2023
- Chao Ma - 3/16/2023
- Rachel Stringfellow - 3/20/2023
- Benjamin Vincent - 3/20/2023
- Kevin Conde, With Distinction - 3/29/2023
- Júlio Villalobos-Torres, With Distinction - 3/30/2023
- Max Hermacinski - 4/10/2023
- Sean Bailey - 4/10/2023
- Samuel Cremieux - 4/30/2023
- Christopher Cortes, With Distinction - 5/2/2023
- Max Nunan, With Distinction - 5/3/2023
- Benjamín Dueñas, With Distinction - 5/4/2023
- Jackson Gill - 5/16/2023
- Keith Frantz, With Distinction - 5/20/2023
- Giuseppe Penna - 5/30/2023
- Dion Huey - 6/6/2023
- Maryam Alali - 6/8/2023