BOVAEP Property Manager TPC Practice Questions - BOVAEP Property Manager Test Of Professional Competence Exam

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Under MPMS Standard 3, which of the following is a critical requirement during the handover/taking over of property management?

The incoming manager must immediately replace all building sub-contractors The incoming manager must conduct a physical joint inspection and prepare a comprehensive handing over list and status report The outgoing manager can retain all financial accounts until their final audit is done 6 months later The handover can be completed entirely online without visiting the site

Correct Answer:

The incoming manager must conduct a physical joint inspection and prepare a comprehensive handing over list and status report

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