NPMA CPPS Exam 2025 – Certified Professional Property Specialist Study Guide
Property Management - (ANSWER)The exercise of a restraining or governing influence over the
acquisition , use , and disposition of personal property
Property control function names - (ANSWER)Property control, Asset Management, fixed-asset
accounting, inventory control, material
PMO - (ANSWER)Property Management Office
PMO responsibilities - (ANSWER)establishing, guiding, managing, and maintaining an efficient property
system, communicating effectively with other departments and functions, and developing and
presenting training in subjects relating to property.
PMO responsibilities - (ANSWER)The establishment and maintenance of a property control system
Property Control System - (ANSWER)comprised of
Primary difference between accountability and responsibility - (ANSWER)A
Who is accountable for the property - (ANSWER)To whom are you accountable for the property
Transfer of Accountability - (ANSWER)
Transfers - (ANSWER)not always physical, require approval, approval record is part of historical file and
audit trail
Transfer between contracts - (ANSWER)both releasing and gaining agency verify accuracy
Responsibility - (ANSWER)Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable to you. (Gas, accident, etc).
So it is a trust, and they are answerable.
It is possible to be responsible for the property
Property Management - (ANSWER)The exercise of a restraining or governing influence over the
acquisition , use , and disposition of personal property
Property control function names - (ANSWER)Property control, Asset Management, fixed-asset
accounting, inventory control, material
PMO - (ANSWER)Property Management Office
PMO responsibilities - (ANSWER)establishing, guiding, managing, and maintaining an efficient property
system, communicating effectively with other departments and functions, and developing and
presenting training in subjects relating to property.
PMO responsibilities - (ANSWER)The establishment and maintenance of a property control system
Property Control System - (ANSWER)comprised of
Primary difference between accountability and responsibility - (ANSWER)A
Who is accountable for the property - (ANSWER)To whom are you accountable for the property
Transfer of Accountability - (ANSWER)
Transfers - (ANSWER)not always physical, require approval, approval record is part of historical file and
audit trail
Transfer between contracts - (ANSWER)both releasing and gaining agency verify accuracy
Responsibility - (ANSWER)Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable to you. (Gas, accident, etc).
So it is a trust, and they are answerable.
It is possible to be responsible for the property
