What does BOMA stand for in real estate management?

Prepare for the Humber College Real Estate Course 4 Exam with our comprehensive quiz. Utilize flashcards and multiple choice questions with detailed hints and explanations. Ensure you're ready for success!

BOMA stands for Building Owners and Managers Association. This organization is significant within the real estate industry as it provides a variety of services and resources for professionals involved in building ownership and management. BOMA's mission includes advocating for the interests of building owners and managers, providing education and training programs, and developing best practices within the field. The association influences policies that affect commercial real estate, collaborates on industry research, and promotes sustainability initiatives, among other functions.

The other options do not accurately reflect the established name or mission of BOMA, making them less relevant in the context of real estate management.

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