VIP Exclusive
CPM Certified Property Manager VIP Practice Exam
CPM — The Certified Property Manager (CPM) designation is issued by IREM (Institute of Real Estate Management). Candidates must complete required IREM courses, demonstrate 3 years of qualifying management experience, submit a Management Plan, and pass the CPM Capstone Exam — a proctored, multiple-choice assessment covering financial operations, human resources, maintenance, risk management, marketing, leasing, ethics, and owner/client relations.
30
Questions
120m
Time Limit
75.00%
To Pass
Question 1 of 30👑 VIP
You manage a 200-unit Class B apartment community. Last year's gross potential rent (GPR) was $2,400,000. Physical vacancy was 7%, economic vacancy (concessions and bad debt) was 3%, and other income (late fees, pet fees, laundry) totaled $48,000. What is the Effective Gross Income (EGI) for the property?
Questions 2–30 and full explanations are VIP-exclusive.