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Study links RPA designation with higher compensation.

A recent national study of property managers reports that it pays well--literally--to have the designation Real Property Administrator (RPA) after your name.

The study found those with an RPA designation from the Building Owners and Managers Institute (BOMI) International received up to 21 percent greater compensation than those without a designation but with equivalent experience.

The study was conducted by Huntress Real Estate Executive Search, Kansas City, Missouri, the largest and oldest executive search firm in the United States specializing in commercial real estate.

The difference in compensation levels widened with years of experience. Professionals holding an RPA designation for five years earned six percent more than those without a designation, but at 25 years, the difference increased to 21 percent.

The RPA designation is awarded by BOMI to property managers and others who successfully complete an in-depth educational program and follow a code of professional ethics and conduct. The RPA program covers subjects from the nuts and bolts of design, operation, maintenance of building systems to real estate law, risk management, marketing and property administration.

Huntress Chairman Sandford Gadient believes the in-depth and specialized education provided by the RPA program is one reason his study shows that RPAs earn more.

"RPAs are greater assets to their companies," said Gadient. "Because of their training, they can do more than most non-- designated property managers, and that, in turn, makes them more valuable. "
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Title Annotation:Technology; Real Property Administrator
Publication:Real Estate Weekly
Date:Sep 22, 1993
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