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Dolores Bannon is a sales agent with experience in residential sales and leasing. She would like to become competent in property management. Which of the following designations would be an indication that she has gained competency to do property management?

a) CRS (Certified Residential Specialist)
b) CPM (Certified Property Manager)
c) CRE (Certified Real Estate Executive)
d) GRI (Graduate, Realtor Institute)

User Karishma
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Final answer:

The CPM (Certified Property Manager) designation is the specific certification that indicates competency in property management for a sales agent like Dolores Bannon.

Step-by-step explanation:

Dolores Bannon, as a sales agent with experience in residential sales and leasing looking to become competent in property management, would find that the designation of CPM (Certified Property Manager) indicates the specific competency sought. The CPM is a recognized certification given by the Institute of Real Estate Management (IREM) and is specifically designed for professionals in property management. It focuses on all aspects of managing residential, commercial, and industrial properties and ensures that a person has the skills and knowledge to effectively manage property assets.

Other designations such as CRS (Certified Residential Specialist) focus on residential sales, CRE (Certified Real Estate Executive) typically indicates a higher level of experience and leadership in real estate, and GRI (Graduate, Realtor Institute) refers to a general real estate education program. None of these are as specifically tailored to property management as the CPM designation.

User LCFactorization
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