MONTANA PROPERTY MANAGEMENT
EXAM PREP QUESTIONS AND
ANSWERS
When is a new Property Manager required to complete their required CE hours by? -
Correct Answers -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 ? - Correct Answers -Redlining
Management personnel who reside at the property are called ? - Correct Answers -Site
Managers
When is the move-in condition report NOT required ? - Correct Answers -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? - Correct Answers -24 hours
law 70-25-201
After waiting 5 days to determined a mobile home was abandoned - when must a
Property manager send a certified letter notifying the tenant of the removal of their
property ? - Correct Answers -15 days after mailing - has 7 days to wait for reply and
removal by tenant and then can sell
After waiting 5 days to determine a mobile home was abandoned, a property manager
needs to do what with the mobile home unit? - Correct Answers -Send certified letter
that on a date not less than 15 days after receipt of the notice - the mobile home will be
removed - if they haven't answered or moved it within 20 days of sending letter and a
landlord may be entitled to payment for the removal and storage costs.
A rental agreement maybe terminated for a mobile home for nonpayment of rent after
how many days ? - Correct Answers -7 days
If a mobile home tenant violates a rule that creates immediate threat to health and
safety if the other tenants allows a landlord to give what notice ? - Correct Answers -24
hour
, A tenant upon written request, must be provided what info? - Correct Answers -The
security deposit disposition for the prior tenant
law 70-25-206
Which of the following need to be kept in a trust account? - Correct Answers -earned
interest
law 24-210-805
what is the maximum amount of personal funds allowed to be kept in a trust fund? -
Correct Answers -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? - Correct Answers -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? - Correct Answers -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? - Correct Answers -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? - Correct Answers -Protect the
public
Fair housing agencies will do what when investigating allegations of illegal
discrimination? - Correct Answers -use testers to gather information
EXAM PREP QUESTIONS AND
ANSWERS
When is a new Property Manager required to complete their required CE hours by? -
Correct Answers -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 ? - Correct Answers -Redlining
Management personnel who reside at the property are called ? - Correct Answers -Site
Managers
When is the move-in condition report NOT required ? - Correct Answers -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? - Correct Answers -24 hours
law 70-25-201
After waiting 5 days to determined a mobile home was abandoned - when must a
Property manager send a certified letter notifying the tenant of the removal of their
property ? - Correct Answers -15 days after mailing - has 7 days to wait for reply and
removal by tenant and then can sell
After waiting 5 days to determine a mobile home was abandoned, a property manager
needs to do what with the mobile home unit? - Correct Answers -Send certified letter
that on a date not less than 15 days after receipt of the notice - the mobile home will be
removed - if they haven't answered or moved it within 20 days of sending letter and a
landlord may be entitled to payment for the removal and storage costs.
A rental agreement maybe terminated for a mobile home for nonpayment of rent after
how many days ? - Correct Answers -7 days
If a mobile home tenant violates a rule that creates immediate threat to health and
safety if the other tenants allows a landlord to give what notice ? - Correct Answers -24
hour
, A tenant upon written request, must be provided what info? - Correct Answers -The
security deposit disposition for the prior tenant
law 70-25-206
Which of the following need to be kept in a trust account? - Correct Answers -earned
interest
law 24-210-805
what is the maximum amount of personal funds allowed to be kept in a trust fund? -
Correct Answers -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? - Correct Answers -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? - Correct Answers -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? - Correct Answers -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? - Correct Answers -Protect the
public
Fair housing agencies will do what when investigating allegations of illegal
discrimination? - Correct Answers -use testers to gather information
