8/5/25, 12:45 PM Montana Property Management Exam Study Guide Flashcards | Quizlet
Montana Property Management Exam Study
Guide
Save
Terms in this set (70)
What should be specified B. If the premises have never previously been let a
on a move-in condition statement indicating a fact
report of a unit intended
to be let?
A. The number of
deductions from the prior
tenant
B. If the premises have
never previously been let
a statement indicating a
fact
C. The Contact info. of the
manager and/or landlord
D. The year the property
was built
What Montana law C. Human Rights Act
prohibits discrimination
against familial status?
A. Family Protection Act of
1974
B. Americans with
Disabilities Act
C. Human Rights Act
D. Fair Housing Act
https://quizlet.com/1063984323/montana-property-management-exam-study-guide-flash-cards/?new 1/26
,8/5/25, 12:45 PM Montana Property Management Exam Study Guide Flashcards | Quizlet
A property manager B. Blockbusting
called 50 different families
in a neighborhood, telling
them that native
Americans were moving
into the neighborhood
and asking if they were
interested in viewing other
properties around the city.
This would be considered:
A. Redlining
B. Blockbusting
C. Steering
D. Familial status
discrimination
Lead-Based paint C. 1978
disclosures are required
for buildings built PRIOR
to what year?
A. 1976
B. 1977
C. 1978
D. 1988
You lease a commercial B. $34,155
building that is 55X60ft.
The annual price per sq. ft.
is $11.50. A 5 year lease is
signed, with a disclosure
of 6 months free. The
management fee is 8%.
What is the average rent
price per year?
A. $18,975
B. $34,155
C. $37,950
D. $170,775
https://quizlet.com/1063984323/montana-property-management-exam-study-guide-flash-cards/?new 2/26
, 8/5/25, 12:45 PM Montana Property Management Exam Study Guide Flashcards | Quizlet
A property manager who D. Asset manager
manages the financials
and oversight of multiple
sites and leasing agents is
called a:
A. Comptroller
B. Capital supervisor
C. Fiduciary manager
D. Asset manager
How much is the monthly A. $843.75
rent for the office space
that measures 30ft X 45ft.,
with a yearly rent price of
$7.50/sq. ft.?
A. $843.75
B. $912.50
C. $1012.50
D. $10,125.00
Compensation for C. effective gross income
property managers is
typically based off:
A. net income
B. gross potential income
C. effective gross income
D. sales commission
Which of the following B. manager commission
need not be kept in a trust
account:
A. security deposits
B. manager commission
C. owners reserve
D. rent received
https://quizlet.com/1063984323/montana-property-management-exam-study-guide-flash-cards/?new 3/26
Montana Property Management Exam Study
Guide
Save
Terms in this set (70)
What should be specified B. If the premises have never previously been let a
on a move-in condition statement indicating a fact
report of a unit intended
to be let?
A. The number of
deductions from the prior
tenant
B. If the premises have
never previously been let
a statement indicating a
fact
C. The Contact info. of the
manager and/or landlord
D. The year the property
was built
What Montana law C. Human Rights Act
prohibits discrimination
against familial status?
A. Family Protection Act of
1974
B. Americans with
Disabilities Act
C. Human Rights Act
D. Fair Housing Act
https://quizlet.com/1063984323/montana-property-management-exam-study-guide-flash-cards/?new 1/26
,8/5/25, 12:45 PM Montana Property Management Exam Study Guide Flashcards | Quizlet
A property manager B. Blockbusting
called 50 different families
in a neighborhood, telling
them that native
Americans were moving
into the neighborhood
and asking if they were
interested in viewing other
properties around the city.
This would be considered:
A. Redlining
B. Blockbusting
C. Steering
D. Familial status
discrimination
Lead-Based paint C. 1978
disclosures are required
for buildings built PRIOR
to what year?
A. 1976
B. 1977
C. 1978
D. 1988
You lease a commercial B. $34,155
building that is 55X60ft.
The annual price per sq. ft.
is $11.50. A 5 year lease is
signed, with a disclosure
of 6 months free. The
management fee is 8%.
What is the average rent
price per year?
A. $18,975
B. $34,155
C. $37,950
D. $170,775
https://quizlet.com/1063984323/montana-property-management-exam-study-guide-flash-cards/?new 2/26
, 8/5/25, 12:45 PM Montana Property Management Exam Study Guide Flashcards | Quizlet
A property manager who D. Asset manager
manages the financials
and oversight of multiple
sites and leasing agents is
called a:
A. Comptroller
B. Capital supervisor
C. Fiduciary manager
D. Asset manager
How much is the monthly A. $843.75
rent for the office space
that measures 30ft X 45ft.,
with a yearly rent price of
$7.50/sq. ft.?
A. $843.75
B. $912.50
C. $1012.50
D. $10,125.00
Compensation for C. effective gross income
property managers is
typically based off:
A. net income
B. gross potential income
C. effective gross income
D. sales commission
Which of the following B. manager commission
need not be kept in a trust
account:
A. security deposits
B. manager commission
C. owners reserve
D. rent received
https://quizlet.com/1063984323/montana-property-management-exam-study-guide-flash-cards/?new 3/26
