Montana Property Management Exam Prep
UPDATED ACTUAL Exam Questions and
CORRECT Answers
When is a new Property Manager required to complete their required CE hours by? - CORRECT
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 ? - CORRECT ANSWER - Redlining
Management personnel who reside at the property are called ? - CORRECT ANSWER -
Site Managers
When is the move-in condition report NOT required ? - CORRECT 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? -
CORRECT ANSWER - 24 hours
law 70-25-201
A tenant upon written request, must be provided what info? - CORRECT 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? - CORRECT ANSWER -
earned interest
law 24-210-805
,what is the maximum amount of personal funds allowed to be kept in a trust fund? - CORRECT
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? - CORRECT 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? - CORRECT 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? - CORRECT 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? - CORRECT ANSWER - Protect
the public
, Fair housing agencies will do what when investigating allegations of illegal discrimination? -
CORRECT ANSWER - use testers to gather information
What is not included in a market analysis? - CORRECT ANSWER - vacancy loss or rates
What is true about guide dogs, assistant pets, or support animals? - CORRECT
ANSWER - They may be considered "reasonable accommodations" and would therefore
be exempt from a NO PET policy.
What doe's Megan's Law require? - CORRECT ANSWER -
Fair housing laws would require a landlord to make all the following reasonable
accommodations and modifications accept... - CORRECT 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
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? -
CORRECT ANSWER - 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... - CORRECT ANSWER - must refund the tenant $200
for the value of their cleaning the unit before moving in
Law
What is true regarding security deposits? - CORRECT ANSWER - NO>there is a limit to
their amount
YES>if collected, a condition report must be provided to the tenant
UPDATED ACTUAL Exam Questions and
CORRECT Answers
When is a new Property Manager required to complete their required CE hours by? - CORRECT
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 ? - CORRECT ANSWER - Redlining
Management personnel who reside at the property are called ? - CORRECT ANSWER -
Site Managers
When is the move-in condition report NOT required ? - CORRECT 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? -
CORRECT ANSWER - 24 hours
law 70-25-201
A tenant upon written request, must be provided what info? - CORRECT 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? - CORRECT ANSWER -
earned interest
law 24-210-805
,what is the maximum amount of personal funds allowed to be kept in a trust fund? - CORRECT
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? - CORRECT 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? - CORRECT 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? - CORRECT 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? - CORRECT ANSWER - Protect
the public
, Fair housing agencies will do what when investigating allegations of illegal discrimination? -
CORRECT ANSWER - use testers to gather information
What is not included in a market analysis? - CORRECT ANSWER - vacancy loss or rates
What is true about guide dogs, assistant pets, or support animals? - CORRECT
ANSWER - They may be considered "reasonable accommodations" and would therefore
be exempt from a NO PET policy.
What doe's Megan's Law require? - CORRECT ANSWER -
Fair housing laws would require a landlord to make all the following reasonable
accommodations and modifications accept... - CORRECT 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
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? -
CORRECT ANSWER - 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... - CORRECT ANSWER - must refund the tenant $200
for the value of their cleaning the unit before moving in
Law
What is true regarding security deposits? - CORRECT ANSWER - NO>there is a limit to
their amount
YES>if collected, a condition report must be provided to the tenant
