Montana Property Management Exam Prep
2024
When is a new Property Manager required to complete their required CE hours by? - ANS Oct
31st / 2nd renewal date
When a property manager decides to not offer their services predominantly in a Jewish area of
town, this illegal practice is called ? - ANS Redlining
Management personnel who reside at the property are called ? - ANS Site Managers
When is the move-in condition report NOT required ? - ANS 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? -
ANS 24 hours
law 70-25-201
A tenant upon written request, must be provided what info? - ANS The security deposit
disposition for the prior tenant
law 70-25-206
Which of the following need to be kept in a trust account? - ANS earned interest
law 24-210-805
what is the maximum amount of personal funds allowed to be kept in a trust fund? - ANS 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? - ANS 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? - ANS 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? - ANS 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? - ANS Protect the public
Fair housing agencies will do what when investigating allegations of illegal discrimination? -
ANS use testers to gather information
What is not included in a market analysis? - ANS vacancy loss or rates
What is true about guide dogs, assistant pets, or support animals? - ANS They may be
considered "reasonable accommodations" and would therefore be exempt from a NO PET
policy.
What doe's Megan's Law require? - ANS
Fair housing laws would require a landlord to make all the following reasonable
accommodations and modifications accept... - ANS 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? -
ANS 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... - ANS must refund the tenant $200 for the value of their
cleaning the unit before moving in
2024
When is a new Property Manager required to complete their required CE hours by? - ANS Oct
31st / 2nd renewal date
When a property manager decides to not offer their services predominantly in a Jewish area of
town, this illegal practice is called ? - ANS Redlining
Management personnel who reside at the property are called ? - ANS Site Managers
When is the move-in condition report NOT required ? - ANS 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? -
ANS 24 hours
law 70-25-201
A tenant upon written request, must be provided what info? - ANS The security deposit
disposition for the prior tenant
law 70-25-206
Which of the following need to be kept in a trust account? - ANS earned interest
law 24-210-805
what is the maximum amount of personal funds allowed to be kept in a trust fund? - ANS 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? - ANS 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? - ANS 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? - ANS 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? - ANS Protect the public
Fair housing agencies will do what when investigating allegations of illegal discrimination? -
ANS use testers to gather information
What is not included in a market analysis? - ANS vacancy loss or rates
What is true about guide dogs, assistant pets, or support animals? - ANS They may be
considered "reasonable accommodations" and would therefore be exempt from a NO PET
policy.
What doe's Megan's Law require? - ANS
Fair housing laws would require a landlord to make all the following reasonable
accommodations and modifications accept... - ANS 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? -
ANS 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... - ANS must refund the tenant $200 for the value of their
cleaning the unit before moving in
