What is BMOC?
BMOC Inc., (Best Management Onward Campus). BMOC's initial and continuing business goal is to assist non-profit organizations and for profit real estate investment entities in the day to day management of their student residential communities. The president of BMOC also owns real estate and understands
how a vacancy feels to your checkbook. His experience and that of his management team includes the gamut of student housing experiences including resident assistant, resident director, property manager, leasing manager, marketing manager etc. dating back to the early 1980's and before. BMOC Inc., uses the Institute for Real Estate Management (IREM) (see below) national standards bench mark at all of its properties. If you have read this far into our web site you are
looking for professionals that understand operations of managing student
housing. We are dedicated to making a difference in your
community. !
IREM Awards
1st Place for Marketing Brochures and Other Residential Projects
June 25, 1994
1st Place for Management in the Area of Videos
June 25, 1994
1st Place for Brochures and Direct Promotions of Large Properties
1998
3rd Place for Manuals of Large Properties
1998
IREM Code of Ethics
I pledge myself to comply with the principles and declarations of the
Institute of Real Estate Management as set forth in its Bylaws,
Statement of Policies, and this Code of Professional Ethics.
Article 1. Loyalty to Client, Firm, and/or Employer
A Certified Property Manager®, CPM® Candidate, Accredited Residential
Manager®, Accredited Commercial Manager, or Associate Member
(hereinafter referred to as MEMBER) shall at all times exercise loyalty
to the interests of the client and the employer or firm with whom the
MEMBER is affiliated. A MEMBER shall be diligent in the maintenance
and protection of the interests and property of the employer and of the
client. A MEMBER shall not engage in any activity that could be
reasonably construed as contrary to the interests of the client or
employer. If an activity would result in a conflict between the
interests of the firm or employer and the interests of the client, then
the interests of the client shall take precedence.
Article 2. Confidentiality
A MEMBER shall not disclose to a third party any confidential or
proprietary information which would be injurious or damaging to a
client concerning the client’s business or personal affairs without the
client’s prior written consent, unless such disclosure is required or
compelled by applicable laws and regulations.
Article 3. Accounting and Reporting
Pursuant to the terms of the management agreement, a MEMBER shall use
reasonable efforts to provide accurate, auditable financial and
business records and documentation concerning each asset managed for
the client, which records shall be available for inspection at all
reasonable times by the client. A MEMBER shall furnish to the client,
at mutually agreed upon intervals, regular reports concerning the
client’s assets under management. A MEMBER shall not exaggerate,
misrepresent, or conceal material facts concerning the client’s assets
or any related transaction.
Article 4. Protection of Funds
A MEMBER shall at all times serve as a fiduciary for the client and
shall not commingle personal or company funds with the funds of a
client or use one client’s funds for the benefit of another client, but
shall keep the client’s funds in a fiduciary account in an insured
financial institution or as otherwise directed in writing by the
client. A MEMBER shall at all times exert due diligence for the
maintenance and protection of the client’s funds against all reasonably
foreseeable contingencies and losses.
Article 5. Relations with Other Members of the Profession
A MEMBER shall not make, authorize or otherwise encourage any false or
misleading comments concerning the practices of Members of the
Institute of Real Estate Management. A MEMBER shall truthfully
represent material facts in their professional activities. A MEMBER
shall not exaggerate or misrepresent the services offered as compared
with the services offered by other real estate managers. Nothing in
this Code, however, shall restrict legal and reasonable business
competition by and among real estate managers.
Article 6. Contracts
Any written contract between a MEMBER and a client shall be in clear
and understandable terms, and shall set forth the specific terms agreed
upon between the parties, including a general description of the
services to be provided by and the responsibilities of the MEMBER.
Article 7. Conflict of Interest
A MEMBER shall not represent personal or business interests divergent
from or conflicting with those of the client or employer and shall not
accept, directly or indirectly, any rebate, fee, commission, discount,
or other benefit, monetary or otherwise, which could reasonably be seen
as a conflict with the interests of the client, employer or firm,
unless the client or employer is first notified in writing of the
activity or potential conflict of interest, and consents in writing to
such representation.
Article 8. Managing the Assets of the Client
A MEMBER shall exercise due diligence in the maintenance and management
of the client’s assets and shall make all reasonable efforts to protect
it against all reasonably foreseeable contingencies and losses.
Article 9. Duty to Former Clients and Former Firms or Employers
All obligations and duties of a MEMBER to clients, firms, and employers
as specified in this Code shall also apply to relationships with former
clients and former firms and employers. A MEMBER shall act in a
professional manner when, for whatever reason, relationships are
terminated between a MEMBER and a client and firm or employer. Nothing
in this section, however, shall be construed to cause a MEMBER to
breach obligations and duties to current clients and firm or employer.
Article 10. Compliance with Laws and Regulations
A MEMBER shall at all times conduct business and personal activities
with knowledge of and in compliance with all applicable laws and
regulations.
Article 11. Equal Opportunity
A MEMBER shall not deny equal employment opportunity or equal
professional services to any person for reasons of race, color,
religion, sex, familial status, national origin, age, sexual
orientation, or handicap and shall comply with all applicable laws and
regulations regarding equal opportunity.
Article 12. Duty to Tenants and Others
A MEMBER shall competently manage the property of the client with due
regard for the rights, responsibilities, and benefits of the tenants or
residents and others lawfully on the property. A MEMBER shall not
engage in any conduct that is in conscious disregard for the safety and
health of those persons lawfully on the premises of the client’s
property.
Article 13. Duty to Report Violations
Each MEMBER has a responsibility to provide the Institute of Real
Estate Management with any significant factual information that
reasonably suggests that another MEMBER may have violated this Code of
Professional Ethics. Such information must be presented as outlined in
the Institute of Real Estate Management’s Bylaws and Statement of
Policies.
Article 14. Enforcement
The interpretation of compliance with this Code is the responsibility
of the Ethics and Discipline Committee of the Institute of Real Estate
Management. Any violation by a MEMBER of the obligations of this Code
and any disciplinary action for violation of any portion of this Code
shall be determined and carried out in accordance with and pursuant to
the terms of the Bylaws and Statement of Policies of the Institute of
Real Estate Management. The result of such disciplinary action shall
be final and binding upon the affected MEMBER and without recourse to
the Institute, its officers, Governing Councilors, Members, employees,
or agents.
