PMC 7: Selling Apartment Buildings

This course will provide licensees with a thorough understanding of the process involved in the physical and financial evaluation of an income property, with the emphasis on apartment buildings.

How you will benefit from taking this course:

• Establish pre-listing strategies for achieving a reasonable or target selling price
• Identify and select an appropriate income property for a buyer based on his or her criteria and capacity
• Perform a physical inspection of the property utilizing a detailed checklist and step-by-step procedure as the first step in the financial analysis
• Perform the financial analysis, evaluating and validating income and expenses to determine they appear reasonable based on the property's characteristics
• Identify those major components of the property likely to fail during the anticipated holder term, establish a corresponding "reserves for replacements" budget and a plan for its execution
• Understand, employ and explain lender's guidelines and the evaluation process for determining the most appropriate financing available for the property
• Provide an overview of various rates of return based on the results of the analysis that are likely to be discussed by the seller's and buyer's accountant or financial advisor
• Provide the highest level of buyer and/or seller representation

About The Designation

The Property Management Certification (PMC) is a program for all Licensed Real Estate Professionals who want to learn how to manage residential and commercial rental property.

After all requirements have been met, students may apply for an official certificate. Once certified, students may add the certification to business cards, websites, email signatures, blogs, promotional materials, and more. There are no annual renewal requirements.

ATTENTION CAR MEMBERS: You can receive this course for 50% off its regular price by using your membership benefits at the California Association of REALTORS® website! Visit this course at the CAR Education Online Store for more details.