NEVADA COMMUNITY MANAGER QUESTIONS AND
ANSWERS GUARANTEE A+ 2025/2026
✔✔If arbitration is nonbinding, the parties may:
Choose only ONE best answer.
A) Not file in court
B) Skip mediation
C) Still pursue civil litigation
D) Appeal to the HOA - ✔✔C) Still pursue civil litigation
✔✔What action triggers the 45-day deadline to serve the written claim and statement?
Choose only ONE best answer.
A) Filing the complaint in court
B) Filing the claim with the Division
C) Receiving a mediation date
D) Notifying the HOA - ✔✔B) Filing the claim with the Division
✔✔What happens if a party is served but does not show up at the arbitration hearing?
Choose only ONE best answer.
A) The arbitrator can still proceed and the Division may certify the process
B) The case is dismissed
C) A new hearing must be scheduled
D) Mediation is mandated - ✔✔A) The arbitrator can still proceed and the Division may
certify the process
✔✔NAC 38.350 was added to the Nevada Administrative Code by:Choose only ONE
best answer.
A) The State Supreme Court
B) The Legislature
C) The Secretary of State
D) The Real Estate Division - ✔✔D) The Real Estate Division
✔✔What is the required filing fee when submitting a written claim to the Division under
NRS 38.320?Choose only ONE best answer.
A) $25
B) $50
C) $100
D) There is no fee - ✔✔B) $50
✔✔What happens if a civil action is filed in court without going through mediation or a
program?Choose only ONE best answer.
A) It proceeds as normal
B) The judge may postpone the case
C) A warning is issued to the claimant
, D) The court must dismiss it - ✔✔D) The court must dismiss it
✔✔What kind of property is excluded from the definition of "Residential property"?
Choose only ONE best answer.
A) Single-family homes
B) Property in a planned community
C) Commercial property not used for residential purposes
D) Condominium hotels - ✔✔C) Commercial property not used for residential purposes
✔✔Before filing a civil action related to assessments or association rules, what must
happen first?Choose only ONE best answer.
A) The claim must be submitted to mediation or a dispute resolution program
B) The claim must be approved by a judge
C) A police report must be filed
D) The case must be reviewed by the city council - ✔✔A) The claim must be submitted
to mediation or a dispute resolution program
✔✔How long is a reserve study specialist registration valid?
Choose only ONE best answer.
A) 1 year
B) 2 years
C) 3 years
D) 5 years - ✔✔B) 2 years
✔✔Which of the following is not required for initial registration?
Choose only ONE best answer.
A) Completed application
B) Proof of insurance
C) Registration fee
D) Business address - ✔✔B) Proof of insurance
✔✔What topics must continuing education cover for renewal?
Choose only ONE best answer.
A) HOA management only
B) Financial matters and applicable NRS chapters
C) Marketing
D) Legal ethics - ✔✔B) Financial matters and applicable NRS chapters
✔✔What is the minimum amount of liability insurance or bond coverage required for a
reserve study specialist?
Choose only ONE best answer.
A) $1,000,000
B) $250,000
C) $500,000
ANSWERS GUARANTEE A+ 2025/2026
✔✔If arbitration is nonbinding, the parties may:
Choose only ONE best answer.
A) Not file in court
B) Skip mediation
C) Still pursue civil litigation
D) Appeal to the HOA - ✔✔C) Still pursue civil litigation
✔✔What action triggers the 45-day deadline to serve the written claim and statement?
Choose only ONE best answer.
A) Filing the complaint in court
B) Filing the claim with the Division
C) Receiving a mediation date
D) Notifying the HOA - ✔✔B) Filing the claim with the Division
✔✔What happens if a party is served but does not show up at the arbitration hearing?
Choose only ONE best answer.
A) The arbitrator can still proceed and the Division may certify the process
B) The case is dismissed
C) A new hearing must be scheduled
D) Mediation is mandated - ✔✔A) The arbitrator can still proceed and the Division may
certify the process
✔✔NAC 38.350 was added to the Nevada Administrative Code by:Choose only ONE
best answer.
A) The State Supreme Court
B) The Legislature
C) The Secretary of State
D) The Real Estate Division - ✔✔D) The Real Estate Division
✔✔What is the required filing fee when submitting a written claim to the Division under
NRS 38.320?Choose only ONE best answer.
A) $25
B) $50
C) $100
D) There is no fee - ✔✔B) $50
✔✔What happens if a civil action is filed in court without going through mediation or a
program?Choose only ONE best answer.
A) It proceeds as normal
B) The judge may postpone the case
C) A warning is issued to the claimant
, D) The court must dismiss it - ✔✔D) The court must dismiss it
✔✔What kind of property is excluded from the definition of "Residential property"?
Choose only ONE best answer.
A) Single-family homes
B) Property in a planned community
C) Commercial property not used for residential purposes
D) Condominium hotels - ✔✔C) Commercial property not used for residential purposes
✔✔Before filing a civil action related to assessments or association rules, what must
happen first?Choose only ONE best answer.
A) The claim must be submitted to mediation or a dispute resolution program
B) The claim must be approved by a judge
C) A police report must be filed
D) The case must be reviewed by the city council - ✔✔A) The claim must be submitted
to mediation or a dispute resolution program
✔✔How long is a reserve study specialist registration valid?
Choose only ONE best answer.
A) 1 year
B) 2 years
C) 3 years
D) 5 years - ✔✔B) 2 years
✔✔Which of the following is not required for initial registration?
Choose only ONE best answer.
A) Completed application
B) Proof of insurance
C) Registration fee
D) Business address - ✔✔B) Proof of insurance
✔✔What topics must continuing education cover for renewal?
Choose only ONE best answer.
A) HOA management only
B) Financial matters and applicable NRS chapters
C) Marketing
D) Legal ethics - ✔✔B) Financial matters and applicable NRS chapters
✔✔What is the minimum amount of liability insurance or bond coverage required for a
reserve study specialist?
Choose only ONE best answer.
A) $1,000,000
B) $250,000
C) $500,000
