NPMA CPPS Study guides, Class notes & Summaries

Property Management - Answer- The exercise of a retaining or governing influence over the acquisition, use, and disposition of personal property Property Control Variety of Names - Answer- Property Accounting, Fixed Asset Accounting, Inventory Control, Material, Property Control, Asset Management. Property Management Office PMO - Answer- Department within an org that is responsible for controlling or managing property Property Manager - Answer- PMO is headed by Property Manager is re...

NPMA CPPS Practice Test: Questions & Answers

The demand for professional property management that occurred in the late 1800s resulted primarily from - Reshaping The urban center by building tall buildings with elevators The traditional concentration of retail property in downtown areas became decentralized as a result of - Evolution of the suburban shopping center The growth of shopping centers has been stimulated by - Population shifts to the suburbs What is not a goal of professional property manager - Maintain 100% occupancy Which...

asset management services - The assembly, management, and disposition of a portfolio of investment properties manufactured homes - Housing built in a factory to government specifications code of ethics - A set of guidelines on good business conduct, which often requires the agent to act beyond the letter of the law special-purpose property - Hotels, resorts, nursing homes, schools, and places of worship whose specialized needs dictate the design and operation of the building office proper...

The demand for professional property management that occurred in the late 1800's resulted primarily from - Reshaping the urban center by building tall buildings with elevators The traditional concentration of retail property in downtown areas became decentralized as a result of - Evolution of the suburban shopping center The growth of shopping centers has been stimulated by - Population shifts to the suburbs All of the following should be goals of the professional property manager EXCEPT -...

Jeanetta leases an apartment from Quad City Leasing. Jeanetta has filed a complaint with the state real estate licensing division stating that Marissa, Quad City's property manager, breached her fiduciary duty of loyalty to Jeanetta. Which of these statements about this situation is true? A. As a property manager, Marissa doesn't owe fiduciary duties to clients or residents. B. As a property manager, Marissa owes fiduciary duties to her client and the apartment community. C. If Marissa di...

Property Management - The exercise of a restraining or governing influence over the acquisition , use , and disposition of personal property Property control function names - Property control, Asset Management, fixed-asset accounting, inventory control, material PMO - Property Management Office PMO responsibilities - establishing, guiding, managing, and maintaining an efficient property system, communicating effectively with other departments and functions, and developing and presenting t...

Property Management - The exercise of a retaining or governing influence over the acquisition, use, and disposition of personal property Property Control Variety of Names - Property Accounting, Fixed Asset Accounting, Inventory Control, Material, Property Control, Asset Management. Property Management Office PMO - Department within an org that is responsible for controlling or managing property Property Manager - PMO is headed by Property Manager is responsible for: - establishing, guidin...

What is the document most organizations use that describes and conveys the process steps taken to produce a desired result? - Procedure Which of the following terms means "to possess and have use of property of another with delegated responsibilities"? - Accountability What element is crucial to the entire process of the property control system? - Records When does the Acquisition begin? - Needs have been defined What is the first step of the approval process when making a purchase? - Ob...

NABU, APF and FANF - MasterCard implemented a new fee, the Network Access and Brand Usage fee (NABU). And following right on the heels of the MasterCard announcement, on July 1, 2009 Visa implemented their U.S. Acquirer Processing Fee (APF). Card brand dues and assessments - In addition to Interchange, each card brand includes additional fees based on the transaction amount and per transaction. These fees are called dues and assessments and typically range from 0.105% - 0.45% on the transac...

what is a career plan? , when will you complete you career plan? - Pathway overview, CPP How often will you update your E-Par - Every Panel Name the (5) phases of CDSS - OA, CPP, CDP, CTP, CAREER What does the acronym TABE stand for? - Test of Adult Basic Education What does the acronym ESP stand for? - Evaluation of Student Progress Panel What are the the (5) C's - Commitment, Communication, Collaboration, Consistency, and Constant Awareness (6) Keys to Success - Commitment Make good c...

Maximize return of Investment - Facilitate Compliance - Maximize reutilization - Depreciation expense - Benefits of an Effective Property Function Other names of Property Accounting - - Fixed asset accounting - Inventory Control - Material/Property Control Three key concepts of Property Management - - Ownership - Accountability - Responsibility Records - - Crucial element of Property Control Management Begin during acqusition process, continues through every related transaction to inc...