Certified Property Manager is a designation offered by the Institute for Real Estate Management (IREM), which is an affiliate of the National Association of Realtors (NAR).
The CPM designation is built upon a foundation of knowledge and education. To achieve the CPM designation, you must complete the education requirement through one of three options: 1.You take seven required courses teaching Marketing, Leasing, Human Resouces, Maintenance, Risk Management, Investment Analysis and Evaluation.These courses refer to Office, Retail and Multi-family properties.
2. You can have an undergraduate or graduate degree in real estate or property management from a regionally accredited college or university.
3. You can already hold one of four other accepted designations.(CCIM, RPA, CSM, PCAM).
Then you must prepare and receive a passing evaluation on a management plan on an actual property of your own choice following detailed guidelines provided by IREM. Or Complete and receive a passing score on a management plan skills assessment (MPSA). The MPSA is an on-site written evaluation that requires written responses to management scenarios based on a property type of your choosing.
You also have to attend and pass the exam for Ethics for the Real Estate Manager (ETH800) and continue to adhere to the IREM Code of Professional Ethics.
CPM's must also pass the CPM Certification Exam (CPMEXM), which covers these competency areas: financial operations and asset management, human resource management, legal and risk management, maintenance and operations, marketing and leasing.
They also must submit 3 Confidential Letters of Recommendation.
They must prove 3 years (36 months) of qualifying real estate management experience as defined by IREM.
They must be a Candidate for a minimum one year.
They must hold a real estate license or verify that you are not required to have one for your current position and be affiliated with the NATIONAL ASSOCIATION OF R