Real Estate Analyst Question: Download Real Estate Analyst PDF
Tell me what are the prevalent area measurement methodologies? Why should you use RICS and not BOMA?
Answer:
RICS and BOMA are the two most commonly used area measurement standard in the industry. RICS is the area measurement standards from Royal Institution of Chartered Surveyors, whereas BOMA is the area measurement standards from Building Owners and Managers Association, USA.