CPM Practice Questions - Certified Property Manager (CPM) Exam - CPM Practice Questions

Question 1

A property manager discovers that a vendor has been submitting inflated invoices for maintenance work. According to IREM ethical standards, what is the property manager's FIRST responsibility?

Report the vendor to local law enforcement Notify the property owner and take appropriate corrective action Confront the vendor privately and request a refund Document the findings but wait for owner direction

Correct Answer:

Notify the property owner and take appropriate corrective action

Question 2

The IREM "Five Question Method" for ethical decision-making includes all of the following EXCEPT:

Is it legal? Is it profitable? Does it comply with company policy? How would it look if made public?

Correct Answer:

Is it profitable?

Question 3

A CPM candidate is offered a gift valued at $500 from a contractor seeking a long-term service agreement with the property. According to IREM ethical guidelines, the candidate should:

Accept the gift graciously to maintain the business relationship Accept the gift but disclose it to the property owner Decline the gift to avoid any appearance of impropriety Accept the gift and share it equally with the property management team

Correct Answer:

Decline the gift to avoid any appearance of impropriety

Question 4

When resolving an ethics violation allegation within a property management firm, which approach best aligns with IREM standards?

Immediate termination of the accused employee Internal investigation with due process and proportionate response Public disclosure of the allegations to maintain transparency Transfer of the employee to a different property

Correct Answer:

Internal investigation with due process and proportionate response

Question 5

Under the National Association of REALTORS® Code of Ethics, Article 1 requires that REALTORS®:

Cooperate with other brokers except when it is not in the client's interest Place the interests of their clients above their own interests Disclose all known defects in a property to potential buyers Maintain errors and omissions insurance at all times

Correct Answer:

Place the interests of their clients above their own interests

Exam overview

About this Exam

Prepare with the CPM Practice Questions - Certified Property Manager (CPM) Exam practice quiz. This question bank includes 100 questions covering property, manager, marketing, irem, and ethical. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CPM Practice Questions - Certified Property Manager (CPM) Exam

This practice set contains 100 questions from the matching question bank and focuses on property, manager, marketing, irem, and ethical. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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About this Exam

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CPM Practice Questions - Certified Property Manager (CPM) Exam

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