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| 1. If you, a property manager, move to a new business address, you have five days to notify the Montana Board Office. |
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| 2. If you, a property manager, have a claim filed against you with the state, your license is automatically canceled. |
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| False Code: 37-1-312-1a-j **Board can file a civil suit against UNLICENSED people |
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| 3. The Board of Realty Regulation can file civil action against licensed property managers. |
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| 4. Revoking a state property management license is not the job for the Board of Realty Regulation. |
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5. The Board of Realty Regulation has the authority to revoke a license without an investigation of the
property manager. |
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6. If licensing law is not strictly adhered to by a property manager, the Board of Realty Regulation may
levy a monetary fine against the licensee. |
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| 7. It is typical for licensed property managers to sell property as well as to do leasing and management. |
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8. If the Board of Realty Regulation has an unsatisfied judgment filed against a property manager
involving licensing activity, payment is made from the real estate recovery account. |
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9. The real estate recovery account is subject to payment for an unsatisfied judgment against a licensed
property manager involving licensed activity. |
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| 10. Typical duties of a licensed real estate property manager include the conveying or transfer of title. |
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| 11. The Board of Realty Regulation may fine a licensee, collect licensing and renewal fees, suspend a licensee, and file a civil suit. |
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