Real Property Administrator®

Definition of "Real Property Administrator®"

Tracy  Dombek real estate agent

Written by

Tracy Dombekelite badge icon

Compass RE

In the real estate industry, several professional designations can be awarded to real estate professionals. These professional designations provide real estate professionals with the knowledge and expertise necessary to excel in their particular field. The most known certification for real estate agents is the Realtor® designation provided by the National Association of Realtors® (NAR), but property managers have their own professional designation type.

Real property administrator® is the professional designation for property managers. This designation is provided by the Building Owners and Managers Association (BOMA) International, a nonprofit institute created for management programs that educate managers of property and facilities. 

It’s important to note that another professional designation for property managers, the Certified Property Manager (CPM), is for those dealing with all types of property.

Why become a Real Property Administrator®?

As a property manager who administers commercial buildings, you might be interested in expanding your knowledge of the field, enhance your standing in the industry, get access to more prominent clients and, of course, maximize your net income. Through the real property administrator® designation, a property manager can position themselves for long-time success. 

Through the real property administrator® designation program, property managers can have access, insight and knowledge about administering a commercial building. Office buildings are generally ran by property managers who will understand the diverse aspects of property management through this program and learn to analyze all commercial building facets. The applicants will learn risk management, budgeting and accounting for real estate offices, and best bidding practices. The program also provides knowledge for leasing and marketing offices, selecting the best contract providers, and managing the building from an owner’s perspective.

How to become a Real Property Administrator®?

This designation is specifically designed for property managers, so if you’re a property manager and want to advance in your career, the Building Owners and Managers Association International can provide you with the necessary tools.

To apply for the real property administrator® designation program, a property manager, assistant property managers, or other real estate professionals who manage assets must have at least three years of experience managing commercial real estate. The whole list can be found on the Building Owners and Managers Institute website.

Once all the requirements are met, the designation asks to fulfill at least eight required courses (online or in a classroom) during the maximum seven years for designation or three years for certification. The program duration depends on the applicant’s schedule and abilities to complete the courses.

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

An acre is defined as a land unit that is commonly used in the US customary and imperial systems of 66 by 660 feet (one chain by one furlong). An acre is a measure of volume used in many ...

Arrears is a legal and financial term used to describe payments in regards to their due dates. While the term is more often used to refer to a contractual obligation or liability that was ...

revising the terms of a loan such as when the borrower is experiencing severe financial difficulties. For example, a homeowner lost his job and seeks relief by requesting the lender ...

Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon took out a $1,000,000, on year, 10% discounted loan to buy real estate. The ...

Clause inserted into a commercial lease by a mortgagee stating the lessee's current lease will not be terminated if there is a foreclosure action against the landlord for the failure to ...

Ownership of property by two or more people in undivided interests, without the right of survivorship. Each coowner's interest may be conveyed separately by its owner. Tenancy in common ...

Molding used in corners simulating a quarter of a circle. ...

Rooflike cover that extends over any place to provide shelter from the sun, rain, or wind. ...

Civil rights acts passed by the U.S. Congress includes those of 1866, 1870, 1871, 1875, 1964, and 1968. The first two acts gave blacks the rights to be treated as citizens in legal actions, ...

Popular Real Estate Questions