Montana Property Management Exam
Prep 2025 |114 Q’s and A’s
When is a new Property Manager required to complete their required CE
hours by? - -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 ? - -Redlining
- Management personnel who reside at the property are called ? - -Site
Managers
- When is the move-in condition report NOT required ? - -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? - -24 hours
law 70-25-201
- A tenant upon written request, must be provided what info? - -The security
deposit disposition for the prior tenant
law 70-25-206
- Which of the following need to be kept in a trust account? - -earned
interest
law 24-210-805
- what is the maximum amount of personal funds allowed to be kept in a
trust fund? - -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? - -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? - -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? - -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? - -Protect the public
- Fair housing agencies will do what when investigating allegations of illegal
discrimination? - -use testers to gather information
- What is not included in a market analysis? - -vacancy loss or rates
- What is true about guide dogs, assistant pets, or support animals? - -They
may be considered "reasonable accommodations" and would therefore be
exempt from a NO PET policy.
- What doe's Megan's Law require? - -
- Fair housing laws would require a landlord to make all the following
reasonable accommodations and modifications accept... - -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
YES>Accommodate an overnight caretaker even if the guest policy doesn't
allow more than say 2 nights of overnight company
- When can a landlord deduct normal wear and tear without giving a tenant
24 hour notice? - -never> not allowed to deduct normal wear and tear
- In lieu of a $200 deposit, the landlord allows the tenant to clean the dirty
unit upon arrival. Upon moving out the tenant leaves the unit clean, owes no
back rent or fees, and left no damages in need of repair. The landlord does...
Prep 2025 |114 Q’s and A’s
When is a new Property Manager required to complete their required CE
hours by? - -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 ? - -Redlining
- Management personnel who reside at the property are called ? - -Site
Managers
- When is the move-in condition report NOT required ? - -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? - -24 hours
law 70-25-201
- A tenant upon written request, must be provided what info? - -The security
deposit disposition for the prior tenant
law 70-25-206
- Which of the following need to be kept in a trust account? - -earned
interest
law 24-210-805
- what is the maximum amount of personal funds allowed to be kept in a
trust fund? - -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? - -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? - -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? - -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? - -Protect the public
- Fair housing agencies will do what when investigating allegations of illegal
discrimination? - -use testers to gather information
- What is not included in a market analysis? - -vacancy loss or rates
- What is true about guide dogs, assistant pets, or support animals? - -They
may be considered "reasonable accommodations" and would therefore be
exempt from a NO PET policy.
- What doe's Megan's Law require? - -
- Fair housing laws would require a landlord to make all the following
reasonable accommodations and modifications accept... - -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
YES>Accommodate an overnight caretaker even if the guest policy doesn't
allow more than say 2 nights of overnight company
- When can a landlord deduct normal wear and tear without giving a tenant
24 hour notice? - -never> not allowed to deduct normal wear and tear
- In lieu of a $200 deposit, the landlord allows the tenant to clean the dirty
unit upon arrival. Upon moving out the tenant leaves the unit clean, owes no
back rent or fees, and left no damages in need of repair. The landlord does...
