ALL CORRECT & 100% VERIFIED ANSWERS|LATEST
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When is a CIC created? ✔Correct Answer-A CIC is created when the declaration (CC&Rs) is
recorded with the county. No later than the date the first unit is conveyed
How many elected board members are required under NRS 116B, once the declarant's control of a
condominium hotel terminates? ✔Correct Answer-3
A common interest community is? ✔Correct Answer-Real estate described in a declaration in
which individual unit owners are required to pay a portion of the expenses related to the common
elements.
in addition to the Declarations Provisions regarding Towing of improperly parked cars, the association
must comply with NRS? ✔Correct Answer-NRS 487
according to NRS 116, the HOA must be Incorporated before? ✔Correct Answer-the first unit is
conveyed
the rules of the association can overrule the Declaration if? ✔Correct Answer-the rules cannot
overrule the Declaration
HOPA requires: ✔Correct Answer-at least 80% of residents must be 55 years of age or older
NRS 40 deals with? ✔Correct Answer-construction defects
Community managers need not have a management contract if: ✔Correct Answer-managers are
required to have a written contract
the Americans with Disabilities Act includes which life activities? ✔Correct Answer-seeing and
hearing
NRS 118 is often referred to as? ✔Correct Answer-Nevada fair housing law
a complaint against a community manager or Reserve study specialist is reported on? ✔Correct
Answer-form 514 a / B - statement of fact
which of the following is governed by federal (FCC) regulations ✔Correct Answer-satellite dishes
a common and potentially dangerous gas found in the soil is? ✔Correct Answer-radon
allowing a service animal in an otherwise pet-free cic is? ✔Correct Answer-required under NRS 118
ADA title 3 deals with ✔Correct Answer-public accommodation
the Nevada real estate division (NRED) is part of ✔Correct Answer-the Department of Business and
Industry
, NRS 116A. 630 requires that Community manager to ✔Correct Answer-act as a fiduciary, exercise
ordinary and reasonable care, and comply with applicable state and federal laws
NRS 116a.620 requires the management agreement to include ✔Correct Answer-the physical
location of the clients records
grounds for disciplinary action include ✔Correct Answer-unprofessional conduct, professional
incompetence, and negligence
official records of the cic must be ✔Correct Answer-kept for not less than 10 years
the first law of the hierarchy laws is? ✔Correct Answer-the US Constitution
when a new Executive Board member is elected, the community manager within 30 days must do
what? ✔Correct Answer-send the new member a copy of the management contract
when a new manager is hired, the current manager must do what? ✔Correct Answer-turn over
Association records within 30 days even if the association still owes money to the current manager
NRS 116a. 610 requires the manager to disclose to potential clients, what? ✔Correct Answer-any
Financial relationship with a homeowner or board member
the Virginia Graham Baker Act covers what? ✔Correct Answer-Pools and Spas
there is a conflict, which statute prevails? ✔Correct Answer-NRS 116
ADA modifications may include ✔Correct Answer-wider doorways, grab bars in bathrooms, and
lower counters and sinks to accommodate wheelchairs
the management contract must not include ✔Correct Answer-incentives based on the number of
governing document violations
bribery of a community manager is? ✔Correct Answer-a category D Felony
what would constitute a major health and safety concern for an HOA? ✔Correct Answer-mold
behind walls
collection companies must be licensed under? ✔Correct Answer-NRS 649
collection companies are regulated by? ✔Correct Answer-the financial institutions division
bankruptcy may be filed under which chapters? ✔Correct Answer-7, 11, and 13
nonfeasance means? ✔Correct Answer-a failure to act
NRS 116. 1113 imposes ✔Correct Answer-an obligation of good faith
negligence means? ✔Correct Answer-failure to exercise a reasonable standard of care