Montana Property Management Exam Prep Questions With Verified Answers
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Course
Montana property management
Institution
Montana Property Management
Montana Property Management Exam Prep
Questions With Verified Answers
When is a new Property Manager required to complete their required CE hours by? -
answerOct 31st / 2nd renewal date
When a property manager decides to not offer their services predominately in a Jewish area of
town, this ill...
Montana Property Management Exam Prep
Questions With Verified Answers
When is a new Property Manager required to complete their required CE hours by? -
answer✔Oct 31st / 2nd renewal date
When a property manager decides to not offer their services predominately in a Jewish area of
town, this illegal practice is called ? - answer✔Redlining
Management personnel who reside at the property are called ? - answer✔Site Managers
When is the move-in condition report NOT required ? - answer✔When there is no security
deposit collected
law 70-25-206
How long after having received notice does a tenant have to complete move-out cleaning? -
answer✔24 hours
law 70-25-201
A tenant upon written request, must be provided what info? - answer✔The security deposit
disposition for the prior tenant
law 70-25-206
Which of the following need to be kept in a trust account? - answer✔earned interest
law 24-210-805
what is the maximum amount of personal funds allowed to be kept in a trust fund? -
answer✔sum not to exceed $1000 (may include earned interest, bank fees, trust account
maintenance, monies when due and payable to the property managers)
law 24-210-805
If a rule is a substantial modification and fair for all tenants how many days notice should be
given for the new rule? - answer✔If a rule is adopted after a tenant enters into a rental agreement
that works a substantial modification of the tenant's bargain, it is not valid until 7 days after
written notice to the tenant in the case of a week to week tenancy or 30 days' written notice in the
case of tenancies from month to month.
law 70-24-311
When may a Landlord adopt a new rule for the building? - answer✔A rule adopted by a landlord
must be in writing and must be given to each tenant residing on the premises and to each new
tenant upon arrival.
it is reasonably related to the purpose for which it is adopted;
it applies to all occupants in the premises in a fair manner;
Law 70-24-311 ( more answers see rule for complete list)
What type of notice are landlords and tenants allowed to use? - answer✔the person has actual
knowledge of it; delivered to the place of business that the rental agreement was signed at,
mailed by certified mail or certificate of mailing to last known address or the provided new
address (notice is considered to have been made on the date 3 days after the date of mailing),
email ONLY if a receipt of read is an option with your email server or email was replied to
confirming receiving notice, received by an organization
law 70-24-108
The purpose of the Board of Realty and Regulation is? - answer✔Protect the public
Fair housing agencies will do what when investigating allegations of illegal discrimination? -
answer✔use testers to gather information
What is not included in a market analysis? - answer✔vacancy loss or rates
What is true about guide dogs, assistant pets, or support animals? - answer✔They may be
considered "reasonable accommodations" and would therefore be exempt from a NO PET policy.
What doe's Megan's Law require? - answer✔
Fair housing laws would require a landlord to make all the following reasonable
accommodations and modifications accept... - answer✔YES> install 1 ramp to the laundry room
YES>add grab bar in the bathroom
NO>Install an elevator on the 2nd floor of apartment building
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