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Montana Property Management ||Verified Exam!! Exam
Study Guide 2026 Actual Comprehensive Exam
Questions & Correct Answers (Verified Answers) |
Already Graded A+ | Newest Exam!!!
Compensation for property managers is typically based
off:
A. net income
B. gross potential income
C. effective gross income
D. sales commission - Answer-C. effective gross income
Which of the following need not be kept in a trust account:
A. security deposits
B. manager commission
C. owners reserve
D. rent received - Answer-B. manager commission
How many year must all doc. relating to a real estate
transaction be kept for?
A. 3
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B. 7
C. 8
D. 10 - Answer-C. 8
When a property management company decided that they
will not offer their services in an area of town that is
predominately jewish that are conducting an illegal
practice called:
A. Steering
B. Redlining
C. Neighborhood Discrimination
D. Discrimination of familial status - Answer-B. Redlining
If a tenant is found to have a pet dog twice in 6 months at
a property that doesn't allow pets, the landlord can give
written notice to:
A. Vacate within 24 hrs
B. Correct or Vacate within 48 hrs
C. Vacate within 3 days
D. Vacate within 5 days - Answer-D. Vacate within 5 days
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If no length is specified, the default lease length for
commercial properties is:
A. 30 days
B. 6 months
C. 1 year
D. 3 years - Answer-C. 1 year
What should be specified on a move-in condition 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 - Answer-B. If the
premises have never previously been let a statement
indicating a fact
What Montana law prohibits discrimination against familial
status?
A. Family Protection Act of 1974
B. Americans with Disabilities Act
C. Human Rights Act
D. Fair Housing Act - Answer-C. Human Rights Act
Montana Property Management ||Verified Exam!! Exam
Study Guide 2026 Actual Comprehensive Exam
Questions & Correct Answers (Verified Answers) |
Already Graded A+ | Newest Exam!!!
Compensation for property managers is typically based
off:
A. net income
B. gross potential income
C. effective gross income
D. sales commission - Answer-C. effective gross income
Which of the following need not be kept in a trust account:
A. security deposits
B. manager commission
C. owners reserve
D. rent received - Answer-B. manager commission
How many year must all doc. relating to a real estate
transaction be kept for?
A. 3
,2|Page
B. 7
C. 8
D. 10 - Answer-C. 8
When a property management company decided that they
will not offer their services in an area of town that is
predominately jewish that are conducting an illegal
practice called:
A. Steering
B. Redlining
C. Neighborhood Discrimination
D. Discrimination of familial status - Answer-B. Redlining
If a tenant is found to have a pet dog twice in 6 months at
a property that doesn't allow pets, the landlord can give
written notice to:
A. Vacate within 24 hrs
B. Correct or Vacate within 48 hrs
C. Vacate within 3 days
D. Vacate within 5 days - Answer-D. Vacate within 5 days
, 3|Page
If no length is specified, the default lease length for
commercial properties is:
A. 30 days
B. 6 months
C. 1 year
D. 3 years - Answer-C. 1 year
What should be specified on a move-in condition 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 - Answer-B. If the
premises have never previously been let a statement
indicating a fact
What Montana law prohibits discrimination against familial
status?
A. Family Protection Act of 1974
B. Americans with Disabilities Act
C. Human Rights Act
D. Fair Housing Act - Answer-C. Human Rights Act
