CPM candidates can quickly and efficiently complete Step 3: Test of the CPM journey by enrolling in the CPM Capstone. However, before you take the CPM Capstone, it is strongly recommended that you complete the CPM courses as outline in Step 2: Learning.
MEMBER PRICE: $1,724 NON-MEMBER PRICE: $2,183
The CPM Capstone is a two-part final assessment:
Part 1: Management Plan Skills Assessment (MPSA) – December 4th – December 5th
MPSA Prep – a two-day classroom (virtual or in-person) intensive to review concepts learned throughout your IREM education and is led by an IREM instructor.
MPSA Exam – a four-hour exam completed online with a live online proctor comprised of complex multiple choice, multi-select, and short answer questions. The MPSA Exam assesses your ability to conduct several real-world analyses and make recommendations aligned with ownership goals using a variety of scenarios and property types, including office buildings, conventional apartments, and retail strip shopping centers.
The MPSA Exam must be taken within seven days after the MPSA Prep. To pass the exam, a score of 70% or better is needed.
Upon registration, you will receive access to a wealth of resources in the IREM Learning platform, including the MPSA Prep Tutorial. The exam is open book – a hard copy or a PDF of IREM course materials may be referenced during the exam.
Part 2: CPM Certification Exam (CPMEXM)
The CPM Certification Exam is a four-hour, 150-question multiple-choice exam that tests your knowledge of property and asset management concepts based on the IREM curriculum and/or your own professional experience. The exam is open book – a hard copy or a PDF of IREM course materials may be referenced during the exam.
The CPM Exam must be taken within 30 days after the MPSA Prep. To pass the exam, a score of 70% or better is needed.
Upon registration, you will receive access to resources in the IREM Learning platform, including the CPM Exam Prep Tutorial. This tutorial reviews all major concepts tested and includes sample test questions to help you gauge your readiness.
Cell phones and tablets are not permitted during exam time.