Montana Property Question and Answer
[2026] | UPDATED ACTUAL Exam | A+
Verified
• Signs are still the most effective methods of advertising the availability of
residential, office, and retail properties. -✓✓ What is still the most effective
methods of advertising residential property?
• For Rent -✓✓ Although newspaper readership is down, many prospective tenants
do, in fact, consult the _______ section in the newspaper when they are looking.
• visual -✓✓ Display ads carry greater _____ impact than classifieds.
• classified and display ads -✓✓ Newspaper advertising is divided into which
types?
• expensive -✓✓ Radio advertising is
• television -✓✓ The type of property and available budget will obviously have a
great impact on any decision regarding the use of __________.
• False. The first step is the have a well-designed advertising promotional
campaign -✓✓ The first step in any advertising campaign is to design a display ad.
• True -✓✓ One of the greatest influences on the marketing strategy is how much
money the owner has to spend on advertising.
,• False -✓✓ Tenants are rarely influenced by the reputation of the manager or the
property.
• True -✓✓ Property managers can utilize the efforts of other agents by distributing
brochures and advertising pieces emphasizing cooperation.
• True -✓✓ Before getting into financial qualifications, the manager should ask
how much space the prospect needs.
• False -✓✓ It is time and cost effective for the manager to give prospects a key
and let them look at the property alone.
• False -✓✓ Rental centers are an inexpensive method of showing property to the
best advantage.
• True -✓✓ To judge the effectiveness of an ad campaign, the manager should keep
accurate records of the number of prospects produced by the marketing.
• True -✓✓ The strongest influence when choosing a marketing campaign is the
type of property to rent.
• most of the management operations are conducted there -✓✓ The manager's
office should be on the building premises when
• Five: lease, general correspondence, work estimates, financial, and permanent -
✓✓ Into how many general categories for filing purposes do MOST property
managers divide their office records?
, • the management contract. -✓✓ The permanent property file should include
• Payroll for the management personnel at the building -✓✓ What is an example of
a direct cost?
• True -✓✓ Net operating income is total income minus operating expenses before
debt service
• True -✓✓ An employer is responsible for withholding income taxes and paying a
portion of the employee's social security taxes.
• False -✓✓ Current and expired leases should be filed together, by building.
• True -✓✓ A management pricing worksheet is useful when calculating charges
for a condominium community.
• False -✓✓ A budget forecast should be based on anticipated rental increases.
• maintain confidentiality and loyalty to the owners best interests. -✓✓ The law of
agency requires the manager to
• owes the duties of care, loyalty, obedience, accounting, and disclosure to the
principal. -✓✓ A property manager acting as an agent
• Asset management services -✓✓ The assembly, management, and disposition of
a portfolio of investment properties
[2026] | UPDATED ACTUAL Exam | A+
Verified
• Signs are still the most effective methods of advertising the availability of
residential, office, and retail properties. -✓✓ What is still the most effective
methods of advertising residential property?
• For Rent -✓✓ Although newspaper readership is down, many prospective tenants
do, in fact, consult the _______ section in the newspaper when they are looking.
• visual -✓✓ Display ads carry greater _____ impact than classifieds.
• classified and display ads -✓✓ Newspaper advertising is divided into which
types?
• expensive -✓✓ Radio advertising is
• television -✓✓ The type of property and available budget will obviously have a
great impact on any decision regarding the use of __________.
• False. The first step is the have a well-designed advertising promotional
campaign -✓✓ The first step in any advertising campaign is to design a display ad.
• True -✓✓ One of the greatest influences on the marketing strategy is how much
money the owner has to spend on advertising.
,• False -✓✓ Tenants are rarely influenced by the reputation of the manager or the
property.
• True -✓✓ Property managers can utilize the efforts of other agents by distributing
brochures and advertising pieces emphasizing cooperation.
• True -✓✓ Before getting into financial qualifications, the manager should ask
how much space the prospect needs.
• False -✓✓ It is time and cost effective for the manager to give prospects a key
and let them look at the property alone.
• False -✓✓ Rental centers are an inexpensive method of showing property to the
best advantage.
• True -✓✓ To judge the effectiveness of an ad campaign, the manager should keep
accurate records of the number of prospects produced by the marketing.
• True -✓✓ The strongest influence when choosing a marketing campaign is the
type of property to rent.
• most of the management operations are conducted there -✓✓ The manager's
office should be on the building premises when
• Five: lease, general correspondence, work estimates, financial, and permanent -
✓✓ Into how many general categories for filing purposes do MOST property
managers divide their office records?
, • the management contract. -✓✓ The permanent property file should include
• Payroll for the management personnel at the building -✓✓ What is an example of
a direct cost?
• True -✓✓ Net operating income is total income minus operating expenses before
debt service
• True -✓✓ An employer is responsible for withholding income taxes and paying a
portion of the employee's social security taxes.
• False -✓✓ Current and expired leases should be filed together, by building.
• True -✓✓ A management pricing worksheet is useful when calculating charges
for a condominium community.
• False -✓✓ A budget forecast should be based on anticipated rental increases.
• maintain confidentiality and loyalty to the owners best interests. -✓✓ The law of
agency requires the manager to
• owes the duties of care, loyalty, obedience, accounting, and disclosure to the
principal. -✓✓ A property manager acting as an agent
• Asset management services -✓✓ The assembly, management, and disposition of
a portfolio of investment properties
