Friday, July 27, 2007

Real Estate Terms CPM, AMO and ARM Explained

The Certified Property Manager [CPM] designation is considered by many to be the real estate industry's most widely esteemed credential. It signifies a high standard of ethics, professional experience and education.

The Accredited Management Organization [AMO] credential certifies firms who manage property. In order to receive the AMO credential, firms must meet professional standards developed by IREM. In addition to meeting the Institute's standards in integrity, education and fiscal stability, a firm must employ at least one CPM Member in an executive position to achieve the AMO accreditation.

The Accredited Residential Manager [ARM] credential certifies that managers have gone through a specific education program which enables them to effectively manage residential properties. This credential is regarded as one of the industry's most prestigious accreditations for residential site managers.

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