IREM Certified Property Manager (CPM) Practice Test 2025 – All-in-One Guide to Exam Success!

A Letter of Censure is a formal disciplinary action that serves to officially indicate a violation of the Code of Ethics. This letter is used to document the breach and communicates the seriousness of the violation without resorting to more severe penalties like suspension or termination of membership. It functions as an official record that a member has violated ethical standards, but provides an opportunity for the member to correct their behavior. This acknowledges the issue while also allowing for the possibility of continued membership and the chance to demonstrate improved compliance with ethical standards in the future.

Other options, like termination or suspension, imply a more severe consequence that prevents the member from participating in the organization, whereas a Letter of Censure allows for correction without immediate expulsion. A warning notice usually signifies a less formal approach and may not hold the same weight in terms of publicly acknowledging a serious breach of ethics.