Building Owners And Managers Association International (BOMA)

Definition of "Building owners and managers association international (BOMA)"

Marie Helen Ledbetter real estate agent

Written by

Marie Helen Ledbetterelite badge icon

Coldwell Banker Realty

Founded in 1908 and located in Washington, DC, BOMA has 7,500 members and 10 regional groups and 6 state groups. It consists of managers, owners, investors, and developers of commercial office buildings. The basic purpose of the organization is to advance the office building industry, sponsor conferences and deliberations, provide education, distribute information, and establish standards. Its educational unit offers certification courses to be a Real Property Administrator (RPA), Facilities Maintenance Administrator (FMA), and Systems Maintenance Administrator (SMA). BOMA has a library, operates a placement service, does research, and offers programs.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Limited partnership in which limited partners rely on the general partner to choose specific properties after the funds are available. ...

Rate of return that is necessary to maintain market value of a real estate project. The cost of capital is used for project evaluation purposes. Under the net present value method, the cost ...

See common law. ...

Many homebuyers or real estate investors only think of mortgages when it comes to financial aid in real estate purchasing. Lately, with the increasing desire of homebuyers to not be ...

Rule within the Internal Revenue Code applicable to capital gains from selling real estate that has been depreciated for tax purposes. Most buildings must be depreciated using the ...

(1) Reconciling the records to show agreement. (2) Agreement of the records to physical amounts. ...

The broad use of credit to purchase a security. ...

A flexible price that may be adjusted. A resolved situation between two or people or parties through discussions in which common interests are modified. For example, real estate ...

Net return rate earned on an equity investment in real estate after deducing any interest costs and taxes. ...

Popular Real Estate Questions