Welcome to the propertymgmt.com glossary page. This glossary is meant to serve as an aid in understanding the different terms that can be found within this web site.

The Real Estate Board of Greater Vancouver - The Real Estate Board of Greater Vancouver is an association of REALTORS® committed to providing its members with the structure and services to ensure a high standard of business practices and ethics and to effectively serve the real estate needs of the community.

British Columbia Real Estate Association - The British Columbia Real Estate Association (BCREA) represents 12 member real estate boards and their more than 18,000 REALTORS® on all provincial issues.

Institute of Real Estate Management - Professional association for managers of income-producing property.

Canadian Real Estate Association - The Canadian Real Estate Association (CREA) is one of Canada's largest single-industry trade associations, representing more than 97,000 real estate Brokers/agents and salespeople working through 100 real estate Boards and Associations.

Property Manager - The administration of rental or other property that is not owner occupied for a fee.

Owner - a person who has legal ownership of a property and has the right to use it and has full control over it unless prevented by an agreement.

Tenant - One that pays rent to use or occupy land, a building, or other property owned by another.

Property - A piece of real estate.