Study guides, Class notes & Summaries

Community Association Manager Licensing Exam 2023/2024

Community Association (Definition) a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condominium, cooperative, or other residential unit which is part of a residential development scheme and which is authorized to impose a fee (assessment) which may become a lien on the parcel. Assessment The amount of money a unit or parcel owner p...

Community Association Manager Licensing Questions And Answers Well Illustrated. Community Association (Definition) - correct answer. a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condominium, cooperative, or other residential unit which is part of a residential development scheme and which is authorized to impose a fee (...

Community Association Manager Licensing Exam Questions and Answers 100% AccurateCommunity Association Manager Licensing Exam Questions and Answers 100% AccurateCommunity Association Manager Licensing Exam Questions and Answers 100% Accurate Community Association (Definition) - ANSWER-a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condomi...

Community Association (Definition) - ANSWER-a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condominium, cooperative, or other residential unit which is part of a residential development scheme and which is authorized to impose a fee (assessment) which may become a lien on the parcel. Assessment - ANSWER-The amount of money a unit or p...

Community Association Manager Licensing Exam 2023/2024

Community Association (Definition)a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condominium, cooperative, or other residential unit which is part of a residential development scheme and which is authorized to impose a fee (assessment) which may become a lien on the parcel. AssessmentThe amount of money a unit or parcel owner pays fo...

When is a CIC created?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?3 A common interest community is?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 Provision...

Community Association Manager Licensing Exam 2023/2024

Community Association (Definition)a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condominium, cooperative, or other residential unit which is part of a residential development scheme and which is authorized to impose a fee (assessment) which may become a lien on the parcel. AssessmentThe amount of money a unit or parcel owner pays fo...