Certified Professional Property Specialist

Unit 1 2 3 4 5 Professional Property Management Questions and answers latest update 2024

Property Management is not considered a core business function; but rather a key component of the business process. ( 1-1) TRUE or FALSE correct answers FALSE Establishing and maintaining of a property control system is also the responsiblity of the: (1-2) ____ OPMO ____ PMO ____ PA ____ PMF correct answers PMO Which three of the following are key elements of property accountability? (1-2) ____ Provider _____ Records Management _____ Recipient _____ Specific penalties ...

- Maximize return of Investment - Facilitate Compliance - Maximize reutilization - Depreciation expense correct answers Benefits of an Effective Property Function Other names of Property Accounting correct answers - Fixed asset accounting - Inventory Control - Material/Property Control Three key concepts of Property Management correct answers - Ownership - Accountability - Responsibility Records correct answers - Crucial element of Property Control Management Begin...