Certified Property Manager
Encyclopedia
Certified Property Manager (CPM) is a real estate
professional designation awarded by the Institute of Real Estate Management
(IREM) and recognized by the National Association of Realtors
(NAR).
The Institute offers a comprehensive program developed exclusively for property and asset managers
working with large portfolios of all property types. The designation is considered to be among the industry's premier real estate management credentials. There are over 8,600 professional real estate managers who hold this designation worldwide. CPM members manage approximately $900 billion in real estate assets.
To attain the CPM designation, the candidate must join IREM, which costs about $500 a year, and join the local IREM chapter for the city in which the candidate lives. There is also a fee to become a CPM candidate.
To achieve the CPM designation, a candidate must pass about 10 required courses given by IREM, including marketing, human resources, asset management and ethics and complete a management plan on a subject building. Most courses can be taken in a classroom setting, on-line or via home study. IREM also examines the candidate's experience and asks for 3 professional references.
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
professional designation awarded by the Institute of Real Estate Management
Institute of Real Estate Management
The Institute of Real Estate Management is a real estate association, founded in Chicago, Illinois, United States in 1933. As of 2007, it has a membership of over 500 corporate members and over 17,400 individual members. The organisation consists of 81 national chapters and eight international...
(IREM) and recognized by the National Association of Realtors
National Association of Realtors
The National Association of Realtors , whose members are known as Realtors, is North America's largest trade association. representing over 1.2 million members , including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries...
(NAR).
The Institute offers a comprehensive program developed exclusively for property and asset managers
Property management
Property management is the operation, control of ususally on behalf of an owner, and oversight of commercial, industrial or residential real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its usable life and condition...
working with large portfolios of all property types. The designation is considered to be among the industry's premier real estate management credentials. There are over 8,600 professional real estate managers who hold this designation worldwide. CPM members manage approximately $900 billion in real estate assets.
To attain the CPM designation, the candidate must join IREM, which costs about $500 a year, and join the local IREM chapter for the city in which the candidate lives. There is also a fee to become a CPM candidate.
To achieve the CPM designation, a candidate must pass about 10 required courses given by IREM, including marketing, human resources, asset management and ethics and complete a management plan on a subject building. Most courses can be taken in a classroom setting, on-line or via home study. IREM also examines the candidate's experience and asks for 3 professional references.
See also
- Real estate professional designations