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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What is the Community Associations Institute (CAI) in Real Estate?

The Community Associations Institute (CAI) is an international membership organization that provides education, resources, and advocacy for homeowners associations, condominiums, and cooperatives to promote effective community management and governance.

July 10, 2024

What is RMP Certification in Real Estate?

The RMP Certification in Real Estate, awarded by NARPM, signifies that a property manager has met rigorous educational, experience, ethical, and portfolio requirements, demonstrating high professionalism and expertise in residential property management.

July 10, 2024

What is MPM Certification in Real Estate?

The MPM Certification from NARPM is a prestigious designation for property managers, requiring extensive experience, advanced education, ethical adherence, and ongoing professional development.

July 10, 2024

What is NAHMA in Real Estate?

The National Affordable Housing Management Association (NAHMA) promotes and supports affordable housing through advocacy, education, and professional development for property managers and industry professionals.

July 10, 2024

What is BOMA in Real Estate?

The Building Owners and Managers Association (BOMA) is an international organization that supports the commercial real estate industry through education, standards, and certification programs for property managers and building owners.

July 10, 2024

What is CCIM in Real Estate?

The Certified Commercial Investment Member (CCIM) designation, awarded by the CCIM Institute, signifies expertise in commercial real estate through rigorous coursework and a proven track record of successful transactions.

July 10, 2024

Top 10 Property Manager Certifications

Check out our list of the top 10 most important certifications that every property management professional should consider to advance their career and ensure the highest level of service in managing residential, commercial, and community properties.

July 10, 2024

What is ARM Certification in Property Management?

The ARM (Accredited Residential Manager) Certification, offered by the Institute of Real Estate Management (IREM), is a professional designation for residential property managers that enhances their skills and credibility.

July 10, 2024

What is CAM Certification in Property Management?

The CAM (Certified Apartment Manager) Certification, offered by the National Apartment Association, is a designation for property managers in the multifamily housing industry that enhances their skills through comprehensive coursework, an exam, and adherence to professional ethics, improving their career prospects and credibility.

July 10, 2024

What is NALP Certification in Property Management?

The NALP (National Apartment Leasing Professional) Certification offered by the National Apartment Association is a designation for leasing professionals in the multifamily housing industry that enhances their skills in leasing, marketing, resident retention, and fair housing laws.

July 10, 2024
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