Step 3: Test


In this step, you’ll prove you have the knowledge that sets a CPM® apart by passing your CPM Capstone.

Download the CPM Checklist to track your progress


CPM Capstone

No matter how you took your 8 CPM certification courses (see Step 2), you must pass the CPM Capstone, a two-part final assessment. The CPM Capstone includes:

Part 1 : Management Plan Skills Assessment (MPSA) 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.

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. You’ll find a detailed description of the CPM Capstone, and how to prepare for it, in the CPM Handbook.


professionals are actively in the process of earning their IREM CPM property management designation.

Enroll today

Most candidates complete the CPM Capstone, but an independent option is available for the Management Plan.

Before moving to Step 4

View Step 4: Graduate

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