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Montana Property Management Exam Prep Questions and Answers (100% Pass) $10.49   Add to cart

Exam (elaborations)

Montana Property Management Exam Prep Questions and Answers (100% Pass)

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  • Course
  • Montana Property Management
  • Institution
  • Montana Property Management

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...

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  • September 25, 2024
  • 30
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Montana Property Management
  • Montana Property Management
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MASTER01
1 | P a g e | © copyright 2024/2025 | Grade A+



Montana Property Management
Exam Prep Questions and Answers
(100% Pass)
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




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+


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


Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+




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)




Master01 | September, 2024/2025 | Latest update

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