Exam Prep 2026: Montana Property
Management Exam Prep Exam
comprehensive questions and verified
answers 2026
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
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,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
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, 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
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
Management Exam Prep Exam
comprehensive questions and verified
answers 2026
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
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,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
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, 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
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
