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

Release of a portion of a property from a mortgage. ...

Arrangement between neighbors permitting one of them to put a beam for support on another neighbors wall. ...

(1) Government seizes private property, but does not provide fair and reasonable compensation for it. (2) Property is seized and the owners rights abolished because of a legal violation. ...

Increase in the value of real or personal property. The price may increase because of a number of factors, such as shortage in supply, improved economy , favorable political environment, ...

The meaning of a disclosure statement is a legal document signed by both parties, the lender and the borrower or buyer. This statement outlines the terms and conditions, the potential ...

Money payments to be delayed for a future date or extended over a period of time. ...

The Federal Reserve Bank's regulation applying to the amount of credit that may be advanced by brokers and dealers to customers to buy securities. ...

Real annual return on a real estate investment. It equates the initial investment with the present value of future net cash inflows from the investment. The IRR can be determined by using a ...

Written enumeration of the desired selling prices associated with homes or office buildings for sale. The prospective buyer can then determine if the properties for sale are within his ...

Popular Real Estate Questions