Montana Real Estate Broker Exam — All Questions
2 questions
Residential rentals in Montana are governed by the Residential Landlord and Tenant Act found in:
- a.Title 70, Chapter 24 MCA✓
- b.Title 37, Chapter 51 MCA
- c.The Montana Constitution only
- d.Federal fair housing regulations only
Montana's Residential Landlord and Tenant Act is codified in Title 70, Chapter 24 MCA and governs residential rental relationships, including leases, habitability, and remedies. Title 37, Chapter 51 is the real estate license law. Brokers and property managers handling rentals must comply with the Landlord and Tenant Act.
Under Montana's Residential Landlord and Tenant Act, when returning a tenant's security deposit the landlord or manager generally must:
- a.Keep the entire deposit as a management fee
- b.Return it only if the tenant sues
- c.Provide an itemized statement of any deductions✓
- d.Transfer it to the Board of Realty Regulation
The Act requires the landlord or property manager to account for a security deposit and provide an itemized statement of any deductions when returning it. The deposit cannot simply be kept as a fee, and improper handling can create liability. Deposits are held and accounted for by the manager, not transferred to the Board.