Certified Government Financial Manager (CGFM) Practice Exam 2026 – Your All-in-One Guide to Exam Success!

The primary activities of property management typically encompass a range of responsibilities aimed at ensuring the effective operation and maximization of property value. Among these activities are recordkeeping and asset management, which involves maintaining accurate documentation of property transactions, finances, and condition.

Maximizing utility of assets is also crucial, as property managers strive to enhance the value and functionality of the properties they oversee. Safeguarding valuable items can be interpreted as a part of property management, as it relates to maintenance and security to protect both the property and its contents.

However, property leasing and rental management stands out as a central activity of property management, encompassing tasks such as tenant acquisition, lease negotiations, and rent collection. This involves direct interaction with tenants and is a fundamental responsibility in maintaining a rental property’s income stream. Since property leasing and rental management is one of the core activities, it cannot be considered as something that falls outside the primary duties of property management. Therefore, the correct identification of an option that does not align with the primary activities of property management is necessary to clarify the core roles involved.