IREM Certified Property Manager (CPM) Practice Test

Question: 1 / 400

What is the primary purpose of an energy audit?

To prepare financial reports

To evaluate operational performance and conserve energy

The primary purpose of an energy audit is to evaluate operational performance and conserve energy. This process involves systematically examining a property’s energy use patterns to identify areas where energy is wasted and opportunities for improvement can be made. By assessing the efficiency of systems such as heating, cooling, lighting, and appliances, an energy audit helps property managers and owners understand where changes can be implemented to reduce energy consumption and costs.

This understanding is crucial in promoting sustainability within the property and can serve to enhance the overall value of the asset through increased efficiency and lower operating costs. An effective energy audit is a foundational step for any strategies aimed at reducing energy expenses, improving environmental impact, and ensuring compliance with energy regulations.

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To assess employee satisfaction

To create renovation plans

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