What does CPIS stand for in real estate?

The correct answer is that CPIS stands for Cooperative Property Information System. This term is significant in real estate, particularly in contexts involving cooperative housing. The Cooperative Property Information System refers to a database or platform that provides essential information about cooperative properties, including ownership details, financial assessments, and building policies. This information is crucial for potential buyers, current owners, and real estate professionals who need to evaluate and manage these types of properties effectively.

Engagement with a Cooperative Property Information System allows for better transparency and access to reliable information, fostering informed decision-making in the housing market. Understanding this system is particularly important for navigating the unique aspects of cooperative living, where shared ownership and responsibilities play a key role in property management and tenant relations.