Real Property Administrator
Encyclopedia
The real property administrator (RPA) designation is a professional designation for people who work in property management
. The designation is administered by BOMI International, an independent nonprofit institute for property and facility management education.
The designation requires the completion of eight courses (available online, by textbook study or in a classroom format) as well as three years of qualifying, documented experience in property management at a property 40000 square feet (3,716.1 m²) or larger. BOMI International courses are often conducted by BOMA (Building Owners and Managers Association
) local organizations as an educational benefit for their members, and by corporations as part of their internal training for property management professionals. Approximately 4,200 persons maintain the RPA designation, including about 3,500 in the United States and 700 in Canada.
The program includes coursework on building systems design, operation, and maintenance; commercial real estate law; investment and finance; risk management and insurance; leasing and marketing; asset management; environmental health and safety; and business ethics.
Property management
Property management is the operation, control of ususally on behalf of an owner, and oversight of commercial, industrial or residential real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its usable life and condition...
. The designation is administered by BOMI International, an independent nonprofit institute for property and facility management education.
The designation requires the completion of eight courses (available online, by textbook study or in a classroom format) as well as three years of qualifying, documented experience in property management at a property 40000 square feet (3,716.1 m²) or larger. BOMI International courses are often conducted by BOMA (Building Owners and Managers Association
Building Owners and Managers Association
The Building Owners and Managers Association , founded in 1907, is a professional organization for commercial real estate professionals and is the oldest and largest in its field. Its membership includes building owners, managers, developers, leasing professionals, medical office building managers,...
) local organizations as an educational benefit for their members, and by corporations as part of their internal training for property management professionals. Approximately 4,200 persons maintain the RPA designation, including about 3,500 in the United States and 700 in Canada.
The program includes coursework on building systems design, operation, and maintenance; commercial real estate law; investment and finance; risk management and insurance; leasing and marketing; asset management; environmental health and safety; and business ethics.