Nevada Cam License Class

If you were looking for maintenance easements for a community, where would you most likely find those provisions?

Board members must do all of the following except:

A. Follow the Business Judgment Rule.

B. Receive a Salary for serving on the Board.

C. Read NRS 116, NAC 116, their governing documents and understand to the best of their ability. D. Read their community’s Governing Documents.

Which of the following would normally correctly describe a condominium in any State?

A. The owner owns stock in a corporation

B. The owner owns air space.

C. The owner has a divided interest in the common elements.

D. The owner owns his unit from the sky to the ground.

How many days do you have to notify the division of any changes in your address after you receive your license regardless of the type of license you hold? NAC 116A.340

How many days does each member of the Executive Board have after his appointment or election to certify in writing that he has read and understands the governing documents of the Association, the provisions of NRS 116 and NAC 116 – NRS 116.31034 Section 19?

National Night Out is which of the following:

A. A waste of time as this is a national organization with their own agenda.

B. Is not an activity that should be considered by the Board since it does not affect their individual corporation in Nevada.

C. It is a new concept that has not been proven to help with safety issues or building communities.

D. It is a good time to help your common-interest communities “Build a Sense of Community and promote safety.”

In which document would you normally find lender provisions?

What would you normally find in the Articles of Incorporation?

A. Talking among themselves in Executive Session is the best way for a Board to stay inSafe Harbor as owners won’t know what is discussed or why the decision was made.

B. Relying on the manager for legal advice will keep the board in “Safe Harbor”.

C. The members of the Board will fall into “Safe Harbor” if they rely on qualified individualsto give advice and who are qualified in each specific area as required by law.

D. Relying on a CPA to do the reserve study who is not “registered” will keep the Board inSafe Harbor since there are no other qualifications necessary other than shifting theauthority and liability to someone else.

A. A Converted Building

B. An Apartment

C. A Planned Community

D. A Commercial building

How would you define a limited common element?

If you live in a condominium, what type of interest do you have in the common elements and common expenses?

Welcome Letters are good forms of which type of communication?

A. Verbal

B. Written

C. Physical

D. Combative

What role does the sales agent play in a new project or development?

A. The sales agent in the developer’s office does not play a role.

B. The sales agent in the developer’s office plays a critical role in building a “Healthy Community” in a new common-interest community.

C. The sales agent plays a very important part of insuring that the construction is completed properly on the homes.

D. The sales agent plays an important part in making sure that the transition of control of the association is smooth.

A Board Member can be held personally liable for all of the following except:

A. Failing to keep the common area in a state of good repair.

B. Failing to follow the Business Judgment Rule

C. Failure to retain the services of experts to advise the nature, extent and cost of repair of defects at the project.

D. Failing to go along with decisions made by a majority of the Board that are also against the law.

Which of the key components of Verbal Communication is all that is “required” at an owner’s hearing?

Ensuring that the Secretary of State Corporate filing is completed and mailed annually will ensure all but which one of the following:

A. The Association will not lose the corporate name.

B. The Association will not lose the corporate protections.

C. The State of Nevada will have updated Officer information.

D. The Association will have total protection against lawsuits.

A Community Manager is considered to be an employee of the common interest community if:

In Nevada, an employee can be fired at any time without cause?

A. True

B. False

Which of the following describes what a manager can “take” as incentives annually from all vendors? NAC 116.482

A. $5,000.00 - Total of all vendors put together.

B. $10,000.00 - Total of all vendors put together.

C. $1,000.00 - Total of all vendors put together.

D. $500.00 - Total of all vendors put together.

What amount needs to be reported with the renewal of the license when you have received any“ gratuities” from vendors?

What amount does a member of the board need to report with the budget annually when he or she has received a “gratuity” from a vendor? NAC 116.480

If a director is given a ticket for a function that costs $125.00 to attend from a vendor, what does the director need to do with the ticket? NAC 116.480

What law(s) are condo hotels subject to in Nevada?

Which of the below is the most correct statement? NRS 116.3101

A. All new Associations must be incorporated and have specific terms in their corporate name.

B. Must be formed under NRS 81

C. Only needs to have one officer position identified according to NRS 82.

D. Will only be required to pay Ombudsman’s fees after the transition to owners has occurred.

If there is a conflict between the common-interest community’s CC&R’s and Nevada State Law, which one prevails?

If there is a conflict between a Federal law and the CC&R’s, which one prevails?

If there is a conflict within the common-interest community’s documents, where do you look first to see which prevails?

One of the main reasons the Board of Directors is required by NRS 116 to meet on a 100 Day Basis is to?

Which of the following might you most likely not find in a Public Offering Statement?

A. That the home is in a flood plain

B. That the home is on an earthquake fault.

C. That the owner will need to pay a special capital improvement fee on purchase of the home.

D. Lender Provisions

What would you most likely not expect to see in a Community Management Contract?

For which of the following reasons would a Board of Directors not be allowed to adopt rules and regulations?

A. To clarify and further define the CC&R’s.

B. To change the CC&R Provisions

C. To help with buyer awareness

D. To provide owners with knowledge of what disciplinary actions may be taken.

When must the open session Board of Directors meeting allow comments from the Owners?

A common-interest community must always have a collection policy regardless of any provisions in the CC&R’s to:

Annexation agreements play what part in a common-interest community?

Which of the following is a correct statement?A. All State Laws take priority over all Federal Laws.

B. The State Constitution always take priority over the Federal Constitution.

C. The County and City Laws always take priority over State laws since they are closer to home and apply to a particular localities’ interests.

D. All common-interest community documents must conform with State, Federal and Local laws.

Board Members serving on a Condo Hotel Board of Directors do not follow the same laws as a board member of board who is a director of a regular condominium in Nevada. True or False.

A. True

B. False

How much can the CICCH (Commission) fine a community manager for disciplinary Actions? NRS 116A.900 & NAC 116A.360

How many positive votes do you need to have to terminate an association unless the documents state otherwise? NRS 116.2118

What are the qualifications to become a Supervisory Community Manager? NAC116A.165

What is the maximum amount that a community manager (Provisional or Supervisory as well) can accept in any one year from any one vendor? NRS 116.31185 –

If a member of the board of directors has committed a violation of Nevada Law, what actions can the CICCH (Commission) order? NRS 116.785

What is the composition of the board in a condo hotel after the end of the declarant control period? NRS 116B.440 – (Not in Books)

Unless the documents provide otherwise, how often does the board of directs have to meet for a condo hotel association? NRS 116B.525

The Board of Directors in a common interest community has the responsibility for which of the following:

A. The financial operations and maintenance of the association.

B. To amend all of the documents without a vote of the owners.

C. Total enforcement of NRS 116 throughout the community

D. Limit the number of foreign-born residents who can live in the community if requiredin the documents.

NRS 116.3106 states that the Bylaws must contain which of the following?

A. A Copy of any use restrictions or maintenance requirements.

B. A Copy of all deeds to the common areas that the association will own.

C. Must contain the exact number of units that will be created in the association and how the association acts to change this number.

D. Specify the powers that the executive board or the officers of the association may delegate to other persons or to a community manager

NRS 116.31175 requires the board or their authorized agent to provide copies of any records described in this section to a unit’s owner or the Ombudsman’s office with in how many days?

If the Common Interest Commission finds that a member of the board has committed a violation of the law or their governing documents, they can take all of the following actions except: NRS 116.790

A. Order an audit

B. Apply for appointment of a receiver

C. Require the employment of properly licensed Community Manager

D. Fine the Association up to $20,000.

A Community Management Company Office as detailed in NAC 116A.335 must follow all ofthe following provisions except:

A. Must be located in Nevada

B. Must comply with all City and County zoning requirements

C. Must be located in the same County as the common interest community.

D. If in a home, must be in a separate room which is set aside for the conduct of the manager’s specific duties as a community manager.

The Community Manager’s certificate must be displayed in which of the following locations: NAC 116A.335

A. Must be displayed in the lobby of the management company’s office.

B. It must be displayed conspicuously in the community manager’s office.

C. Must be displayed in a conspicuous place in the community association club house.

D. Must be displayed in the Broker’s Office

Which of the following is a requirement to qualify a person as a supervising community manager? NAC 116A.165

A. Must be a Broker in a real estate company. B. Must be a Professional Community Association Manager through a national organization.

C. Must have been engaged in the full-time management of a common interest community for at least 4 years, 2 of which must be in the state of Nevada.

D. Must be the owner of the community association management company and have been an owner for 2 or more years in Nevada.

What best describes a Provisional Community Manager? NAC 116A.155

A. Has fulfilled the educational and examination requirements for certification but has not fulfilled the 3,120 hours of supervised experience during a 2-year period.

B. Has fulfilled the experience requirements for certification but has not fulfilled the education and examination requirements.

C. Has no responsibility to anyone other than the Board for a period of 2 years.

D. Has no responsibility to anyone other than the owner of the Management Company for a period of 2 years.

What is the maximum number of Provisional Community Managers that a Supervising Community Manager can simultaneously supervise according to NAC 116A.165, Section 2?

If the Association is planning on a Capital Improvement, what is the community manager’s responsibility?

Where would you find the authority of tasks required of the Community Manager by the common interest community?

Which statement is most correct regarding the laws regarding common interest communities (CIC) in Nevada?

A. The only statute that concerns the CIC is NRS 116.

B. NRS 117, the condominium statute, takes priority over NRS 116 for condominiums in Nevada.

C. There are many laws that apply to CICs, but if there are any conflicts between the two NRS116 applies.

D. NRS 38, the mediation/arbitration law, only applies to CIC’s who are willing to pay the witness fees.

Which statement is the most correct when an owner in a common-interest community asks tomake alterations to his unit?

A. He or she must always go through the Architectural Committee and can be refused approval whennot conforming to published guidelines even if he is asking for an accommodation fordisabilities.

B. The Association must allow and pay for all improvements that an owner requests to accommodate his disabilities.

C. The Association must give an owner asking for accommodations a specific requested parking space even if the Association does not own the spot.

D. The Association must make a reasonable accommodation and must be able to prove that they tried to work with other owners to try to accommodate an owner’s request.

Why is it important for a Board to meet every 100 days?

Which statement is the most accurate regarding the management contract?

A. A Management Contract should not detail how many inspections of the property will be completed every month as it might take up to much of the Community Manager’s time.

B. It is a good idea to make sure that the Board is required in the Management Contract to provide the Manager with all past rules and regulations, maps, plans and legal documents.

C. There are no provision in NAC 116, NRS 116A or NRS 116 that require any specific items be placed in the management contract as these are private contracts between two organizations.

D. A Management Contract does not need to be reviewed by the Association’s attorney prior to the signing as it might substantially put additional liabilities on the Board.

Which of the following is the most correct statement?

A. The Community Manager has no responsibility to ensure that all of the documents are in the pile of boxes dropped of from the prior company as they should be able to take their word on what is included.

B. Completing and signing an inventory of records and an acceptance when receiving a new client helps to protect the old community manager, the new community manager and the Board.

C. Since the Secretary is responsible for all records for the association, the Community Managershouldn’t keep an inventory of records.

D. Since all documents but the minutes can be destroyed, there are no provisions requiringanyone to keep an inventory of records or any of the other records.

Which of the following is correct in accordance with NAC 116 and the continuing education requirements for Community Managers (both provisional and full community managers)?

A. A Community Manager must verify 18 hours of continuing education over each 2 year renewal period, three of which must be Nevada law specific class on the CE number. NRS 116 & NAC116 law.

B. A Community Manager must satisfy 3, 120 hours of continuing education within each 2 yearrenewal period.

C. A Community Manager must take 8 hours of law and 10 hours of general communitymanagement continuing education within each 2 year renewal period.

D. A Community manager does not need to take any law classes during the 2 year renewal period,just 18 hours of general credits.

Which of the following is not a qualification to serve on the Commission for Common Interest Communities? NRS 116.600, Section 4

A. A member must have been actively engaged in a business or profession related to common-interest communities for not less than 5 years immediately preceding the date of the member’s appointment.

B. A member must have been actively engaged in a business or profession related to common-interest communities for not less than 3 years immediately preceding the date of the member’s appointment, or

C. Must not serve more than two consecutive full terms.

D. Must be a resident of the State of Nevada.

What is the maximum amount that can be charge in the foreclosure process in Nevada to a delinquent owner? NAC 116.470, Section 1

Which is the most correct statement NRS 116A.410?

A. When obtaining the temporary license, the applicant needs to pass the test, be offered a job and take the 60 hours of pre-licensing classes.

B. When obtaining the temporary license, the applicant needs to be offered a job, within one year complete 18 hours of law classes, and take the pre-licensing test like everyone else.

C. When obtaining the temporary license, the applicant needs to be offered a job and take60 hours of pre-licensing classes.

D. When obtaining the temporary license, the applicant needs to take the M-100, two of the advanced classes through CAI, and pass the state of Nevada community manager test.

What best describes an action without a meeting:

A. An action where the President delegates his authority to the Vice President.

B. An action where the Secretary certifies in writing that all of the parties agree on an action.

C. An action that takes place in a workshop.

D. An Action where an act may be taken by written consent of Directors in lieu of a meeting.

Which of the following is not a violation of Nevada Revised Statute 118.110 and does not discriminate under the housing, landlord and tenant law?

A. When an apartment does not qualify for an adult community and is advertised prohibiting families

B. When an apartment is advertised and states the number of rooms, monthly rental fee and when available.

C. When an apartment advertisement specifically restricts a particular race.

D. When an apartment advertisement specifically restricts a sex.

Which Nevada law governs parking, streets and vehicles?

Which Nevada law governs arbitration and mediation?

Which Nevada law governs Condominium Hotels?

The Board of a Condo Hotel must meet how often unless the documents state otherwise.

The Nevada law that surrounds the use of pools, lifeguards and the safety is which of the following:

A. NRS 116

B. NRS 119

C. NRS 121

D. NRS 444

Are the specifications in the RFP considered part of the contract?

A. Yes

B. No

What are some of the problems with contracts?

A. _______________________

B. _______________________

C. _______________________

D. _______________________

What can you do to help owners protect themselves on a day today basis?

Is there a law in Nevada about practicing law without a license?

A. Yes

B. No

Who should be reviewing all contracts?

Who should be signing all contracts? Which is the best answer?

A. It depends on what the documents require.

B. Always the President

C. Always the Secretary

D. Any Officer

Should the Manager EVER sign a contract or application?

A. Yes

B. No

Are insurance applications contracts?

A. Yes

B. No

Which of the following is the most correct answer regarding the installation of a satellite dish on his lot that is 1-meter or less.

A. If the Association has a satellite policy in place, the owner must put it in the approved spot, or the association must prove that the requested spot does not substantially affect the cost to the owner or reduction in the signal.

B. If the Owner installs a satellite dish on the common area and the Association does not haveany other way to accommodate the dish, the Association must allow him or her to place it onthe common area.

C. The only requirements that need to be considered by the Association in approving a satellitedish is the size.

D. The Owner must seek approval before installing any satellite dish.

When a common-interest development has modifications and upgrades performed by a licensed contractor, those modifications need to?

Which of the following is the most correct statement?

A. When the CC&R’s state that an action shall be taken, it means that the provision must be followed unless it violates a State, Federal or Local law.

B. When the Bylaws state that there must be 5 Directors, the Board can ignore this requirement when they can’t get volunteers.

C. When the CC&R’s are in conflict with NRS 116, but NRS 116 states that “Not withstanding” what is in your documents, this means you can ignore the law, but abide by theCC&R provision.

D. When the Bylaws are in conflict with the CC&R’s, they normally take precedence over theCC&R’s.

When a Community Manager performs collection acts he or she needs to be concerned about complying with which of the following:

A. The Fair Debt Collection Act

B. The Fair Housing Act.

C. The Over the Air Reception Act

D. The Solar Device both Federal and State Acts

When dealing with a situation that involves the Federal Fair Housing Act and the Americans With Disabilities act, what must you keep in mind and which is the best answer?

A. You need to be able to identify when someone is asking for an accommodation.

B. You don’t need to worry about either law as they don’t apply to private corporations.

C. You need to know that Fair Housing applies to association, but even if your association isopen to the public, you don’t need to worry about the ADA.

D. You never worry about the Fair Housing Act as we are not providers of housing.

Which statement identifies what is not a good idea for a Board to consider for proper use of their committees?

A. The use of Charters or Job Descriptions is a good idea for every Committee in a Common interest community.

B. Committees are a good way to help train future members of the Board of Directors.

C. Committees can be given the Board’s ultimate responsibility when they sign a statement stating they will assume that responsibility.

D. Committee can be relied on by the

Which statement is the most correct statement?

A. A Community Manager should never take the minutes for the association as the Secretary isresponsible for all minutes.

B. A Community Manager should always sit at the far end of the Board meeting table to show aclear distinction between the Board and Management.

C. A Community Manager plays a very important part in the “Management Team” of a common interest community.

D. A Community Manager should delegate his or her wish to keep an inventory ofrecords to the Secretary of the Association.

Using a proper licensed and experienced CPA to prepare an audit is an example of utilizing an expert as required by the laws of Nevada.

True or false?

What are the 5 Types of Maintenance in a Common Interest Community?

List in alphabetical order. C.E.P.R.S.

Who is responsible for everything in a Common Interest Community?

What responsibilities does the Manager have in regard to Maintenance in the CIC?

What is Preventive Maintenance?

How does the reserve study fit into the maintenance plan of a CIC?

Robert’s Rules allows which of the following except:

A. Allows the Body to make their own rules.

B. Allows a motion to be passed by a majority of the Members of the Board without a Secondon a motion, unfortunately.

C. Allows each Director to have his opinion heard once before additional comments are taken.

D. All of the above are correct.

Which of the following is the most correct statement?

A. Robert’s rules requires that vote be taken immediately after a motion is made.

B. Robert’s Rules allows the body to adopt their own rules.

C. The President can never make a motion.

D. The President can never vote unless he or she steps aside and give control to another person.

What is the most current version of Roberts Rules of Order as of 1/1/2015?

Nevada law requires that the Board use the most recent version of Robert’s Rules of orderor adopts a rule for some form of parliamentary procedure. True or False.

A. True B. False

If the board wants to stop this properly noticed board meeting and resume at another date what does the board need to do?

Minutes of the Association meetings should be taken at the following meetings except for:

A. Management Company Executive Meetings

B. Board of Directors

C. Executive Session Board of Directors

D. Annual Meeting of Owners

Who is normally required to sign the official minutes of the common interest community to make them legal?

What is true about the minutes of an annual meeting of the members?

A. Must be approved by a quorum of owners who are in attendance at the meeting.

B. Can be approved by the Board at a Board meeting.

C. Can be approved by the members at the next members’ meeting with or without a quorum.

D. There is no longer a need for approval of the minutes of the annual meetings since normally nobusiness is conducted since elections are separate actions.

Decisions can be made at Board of Directors meetings on items not on the agenda when:

At what meetings do the owners have a right to speak, by law?

At which meetings does the board need to give advance notice to the owners? Which isthe most correct answer?

A. All meetings in the CIC

B. All Board Meetings whether open or executive session.

C. Only Committee Meetings

D. Members meetings & Open Session Board Meetings.

Who can vote for the board of directors and how? Which is the most correct depending on what the documents say.

A. Only members who are in good standing as defined in the documents and/or NRS 116on a secret written ballot.

B. Only members who live in the community on a secret written ballot.

C. Only members who live in the community and the tenants who reside in the property for a non-resident owner on a secret written ballot.9-202123

D. All owners are entitled to vote by a written ballot and proxy unless their documents declare that only members in good standing can vote and a hearing has been held for owners not in good standing taking away their voting ability.

How many days does a director have to sign the Division’s form stating that they have read and understand to the best of their ability NRS 116, NAC 116 and the governing documents?

Does an owner wishing to force an election for the removal of a director or more needto show “cause” to start the process to remove a director from the Board?

A. Yes B. No

Can your family member serve on the board where you have a contract to manage?116.31034

A. Yes B. No

Must a candidate running for the board disclose any potential conflicts of interest inwriting to the other owners?

A. Yes B. No

Does the NRED have a preferred form for a candidate to use when running for the board in disclosing any conflicts?

A. Yes B. No.

What are the requirements to remove a member of the board? NRS 116.31036

A. The Board can remove a member of the board by a majority vote.

B. The owners who attend a meeting can remove a member of the board with no quorum. It is a majority of any who show up just like the Budget ratification meeting.

C. The laws don’t address removal of a member of the board as it refers you to the governing documents only.

D. There is no correct answer shown above.

How do you define a member in good standing? NRS 116.31034

Under what circumstances can someone be appointed to the board of directors? Which is thebest answer shown below? NRS 116.3103 Sect. 2

A. The Board may appoint an owner to fill a vacancy in its membership for the remainder of theunexpired portion of any term unless the governing documents provide that a vacancy must befilled by a vote of the owners.

B. The Board may appoint an owner or a tenant to fill a vacancy in its membership for theunexpired portion of any term unless the governing documents provide that a vacancy must befilled by a vote of the owners.

C. The Board may not appoint an owner to fill a vacancy in its membership unless the documentsstate otherwise.

D. The Board may fill vacancies in its membership for the unexpired portion of any term or untilthe next regularly scheduled election of the board, unless the documents require or stateotherwise.

How long must the association keep the minutes of the association? NRS 116.3108 Section 8

What are the ways that an emergency meeting can be noticed? Which is the best answer? NRS 116.31083, Sect ion 3 & 5 and NRS 116.31068, Section 1

A. The Secretary or other officer specified in the bylaws shall cause notice of the meeting to be sent prepaid by US mail unless impracticable and then shall be hand-delivered to each unit orposted in a prominent place or places within the common area.

B. The Manager or one of the officers must hand deliver to each unit owner and mail to off site owners a copy of the notice.

C. The Secretary or other officer has no choice but to send by prepaid US mail the notice of the meeting, which must satisfy all of the provisions in NRS 116.31083, section 2.

D. None of the above answers are correct.

If a candidate wants to put signs in his yard regarding his election to the board of directors in his association, how many days before the ballots are required to be returned can the candidate put the sign in his yard regardless of what any rules state?

A husband and wife can both serve on the board of directors regardless if there are candidates who entered their names for more than the open spots available.

A. True B. False

If a candidate wants to communicate campaign material directly to the units’ owners, and asks the association to provide the owners’ information in the format of a compact disc, what is the maximum the association can charge the requesting owner for that disc? NRS116.31034, Section 17.

A Hearing should not be which of the following:

A. An opportunity to resolve problems.

B. An opportunity to listen

C. Confrontational

D. An opportunity to determine if the owner is a member in good standing.

NRS 116.320 protects the rights of owners to fly the United States Flag within the portion of the CIC that the owner has the exclusive right to occupy, but this right does not extend to a flag display which:

When should the Board obtain an injunction?

Assessment of a fine may be enforced if the person alleged to have violated the rule has receivednotice of the alleged violation informing him of which of the following (NRS 116.31031,Section 4 & 5):

A. A notice advising him or her of their opportunity to request a hearing.

B. A notice of the date, time and location of the hearing.

C. A notice advising him of his opportunity to attend and debate with the Board.

D. A notice advising them of an immediate fine.

Rules adopted by a common-interest community require which of the following except:

A. Be reasonably related to the purpose for which they are adopted.

B. Must be sufficiently explicit to inform a unit’s owner, tenant or guest of any action oromission required for compliance.

C. Be given to all owners at least 30 days before implementation.

D. Give the Board preferential treatment because of all of the time they volunteer.

Any owner who is the subject of a hearing in an executive session of a Board meeting, must?

There are no limits on fines levied by the Board for?

Executive Session Meeting of the Board of Directors in Nevada can be held to discuss thefollowing issues except for which of the following:

A. Consult with the attorney for the association on matters relating to proposed or pendinglitigation.

B. Discuss matters relating to personnel.

C. Discuss violation of the governing documents alleged to have been committed by a UnitOwner or his tenant.

D. Consult with the landscaper and approve the landscape contract

A nomination form or notice of an owner’s right to run for the Board of Director’s must be sent:

The following individuals can vote a proxy except:

A. Only a member of the owner’s immediate family

B. A tenant of the owner’s unit who resides in the common-interest community

C. The Board of Directors by majority vote

D. Another unit’s owner who resides at the property.

What is the best approach to enforcement in a common-interest community?

When a hearing is held, the first thing the board should determine is:

Which statement is most correct about a unit’s owner right in the Association to enforce anyprovision in any governing document?

A. Owners must file small claims actions if they wish to enforce any action.

B. Owners never have the right to enforce contracts as the Association is the only entity that canenforce the documents.

C. Owners normally have the right to enforce any of the provisions in any of the governingdocuments if the Board fails to or refuses to do so.

D. Owners do not need to be concerned about enforcing any of the provisions in any of thedocuments as the Board has the ultimate authority.

Does NRS 116 protect the right of an owner to display the flag of the US within theportion of the CIC that the owner has the exclusive right to occupy?

A. Yes

B. No.

If the documents allow it, under what circumstances may the association of the CIClevy a fine against a tenant as defined in NRS 116.31031?

Under the Fair Debt Practices Act, how many days does the owner have to dispute the debt before the association may take any further action to collect?

Can association liens for violations be foreclosed on in the CIC and if so for what reasons?

What is the best type of enforcement?

19. Are there any limitations on fines for health and safety issues?

A. Yes

B. No

Are there any limitation on fines for non-health and safety issues?

A. Yes

B. No.

Must the owner of a property, in which he has a tenant, be required to follow the samerules as the other owners when dealing with architectural issues?

A. Yes

B. No.

How often can a board continue to fine an owner in violation of the governingdocuments NRS 116.31031 Section 7. Which is the most correct answer?

A. There is no limit on continuing fines in Nevada law.

B. The board is limited to a $1,000 maximum on continuing fines.

C. The board is limited on continuing fines by Nevada law up to $20,000 and then it must goto Arbitration.

D. The board is limited on continuing fines by Nevada law up to $10,000 and then it must goto arbitration.

The association can’t prohibit drought tolerant landscaping unless the home owner doesn’t make an attempt to do what? NRS 116.330

What is the most the board can fine for each violation of the governing documents?NRS 116.31031 Section 1 – Which is the best answer for the initial fine amount underconsideration by the board?

A. $10.00 for each violation or a total amount of $100, whichever is less.

B. $1,000 for each violation or a total amount of $5,000, whichever is less.

C. $75 for the first violation, $100 for the second or a total amount of $500, whichever is less.

D. $100.00 for each violation or a total amount of $1,000, whichever is less. This does notinclude continuing fines, however.

Who can receive a violation letter in the association and other important association documentation as stated in the law if proper notice was given to all parties prior to the violation and the documents so provide? NRS 116.31031, Section 1& 3 - Which is the best answer of the 4 choices?

A. The unit’s owner, a tenant, an invitee of a unit’s owner or a tenant.

B. The unit’s owner is the only one who can receive a violation on his property or the common elements.

C. There are no restrictions on who can be sent violation notices or receive other important association documentation.

D. The unit’s owner, a tenant, his attorney and the property manager for the owner.

The board may not fine a unit owner for the actions of a tenant or invitee unless they take what action first. NRS 116.31031 Section 2 - Which is the most correct answer?

A. Unless they send him or her a certified letter telling them that the fine has been levied giving them 30 days notice to pay.

B. Unless the unit’s owner had prior notice of the violation.9-2021 30

C. Unless the unit’s owner participated in or authorized the violation, had prior notice of the violation or had an opportunity to stop the violation and failed to do so.

D. Unless they send him or her a certified letter telling them that they had prior notice of the violation when they bought their property.

Even though we have to allow the United States Flag to be flown by the owners, we do not haveto let the unit owners fly the State of Nevada flag?

A. True

B. False

The limitations on the amount of the fine do not apply to any charges or costs that may becollected by the association pursuant to NRS 116.31031, Section 1 (b) (2) - if the fine becomespast due. True or False.

A. True

B. False.

When a hearing is held, it is always a good idea for the board to determine which of the following... besides whether there has been a violation and whether they will levy a fine or not.

Do you need to take a picture of a violation weekly if you are going to fine weekly to have arecord of the continued violation for the file?

A. Yes

B. No

Which of the following definitions best fits the definition of Mediation:

A. Both parties help in reaching an agreement.

B. A judge or arbitrator reaches a decision for both parties.

C. The decision is binding on both parties and cannot be appealed to the courts.

D. The decision reached cannot be used in court.

What difference, if any, is there in the Ombudsman’s Intervention Program from theChapter 38 program? Which is the best answer?

A. There is not difference

B. The Ombudsman’s Intervention Program is a facilitation where the division employees justtry to get an agreement between the parties vs. a mediator helping the parties to reach anagreement.

C. The Ombudsman’s Intervention Program is a mandatory meeting where the parties don’twork with a mediator or arbitrator to reach an agreement.

D. The Ombudsman’s Intervention Program is a mandatory meeting where the parties don’twork with a mediator or arbitrator to reach an agreement and the agreement is binding.

There is no definition in NRS Chapter 38 defining assessments? True or False.

A. True

B. False

No civil action based upon a claim relating to the interpretation, application orenforcement of any CC&R’s applicable to any residential property can be taken until alladministrative procedures specifies in any CC&R’s applicable to the property or in anybylaws, rules or regulation of an association have been exhausted. True or False – NRS38.310

A. True

B. False

Which signatures are required on the reserve accounts?

If an annual budget of an Association is $150,000 or over, when must an audit be conducted? NRS 116.31144

Which one of the reasons should a common interest community not consider when establishing a Collection Policy?

A. A method to treat owners fairly and equally.

B. A method of ensuring that owners understand the costs involved in non-payment of assessments.

C. A method detailing how the budget that has been ratified will be enforced with all collections.

D. A method used to solely show the owners that the Association means business.

If an association has an annual budget that exceeds $75,000, but is less than $150,000, a review must be conducted by a certified public accountant every: NRS 116.31144

According to BPC Accounting Guide for Common Interest Communities, which of the following items does not need to be provided to the board every 100 days, but the CPA recommends it anyway?

Which of the following are reports you would expect to review with your Board on a 100 Daybasis NRS 116.31083, Section 6:

A. Income Statement & Balance Sheet

B. Revenue and Expenses for Reserve & Operating Accounts

C. Current Status of any Civil Action

D. All of the above

What method of accounting must be used since October 2005 to prepare the financial statements?

Asking members of the Board to address any financial questions to the Community Manager before a Board of Director’s meeting will do all of the following except:

A common-interest community should always have a collection policy regardless of any provisions in the CC&R’s to:

If the annual budget of an association is $150,000 or more, an audit must be conducted by a certified public accountant AT LEAST every: NRS 116.31144

Common-interest community reserve bank accounts must be:

A. Co-mingled with the Management Company accounts

B. Reconciled and reviewed on an annual basis.

C. Used for the intended purposes of repairing, replacing or restoring those items identified in thereserve study.

D. Kept on a Cash only basis to satisfy the law.

Which of the following does not apply to a regular Audit?

A. Provides for more assurances than a review.

B. Is the highest level of assurance that the financial statements are presented fairly in conformance with generally accepted accounting principles.

C. Requires a review of the common-interest community’s minutes.

D. It is established to look for fraud.

Which of the following statements is a true statement?

A. A Collection Company or Trustee Company does not need to be licensed in the State of Nevada to collect for community associations.

B. A Manager does not need a license to collect assessments past the lien point as long as the Board approves the action in their contract.

C. A law firm or title company must have a collection license to collect assessments in Nevada.

D. A Manager or Management Company does not need to have a collection license if they proceed with collections up to and including the placing the lien status.

Does a copy of the Collection Policy need to go out with the Budget annually?

A. Yes

B. No

Does a copy of the Investment Policy need to go out with the Budget annually, by Nevada law?

A. Yes

B. No

Funds in either type of account in a common interest community must be:

If you receive a payment that is not labeled as to how it is to be applied, what must it be applied to on an outstanding balance?

Assistants can sign checks as long as the board puts it in the minutes and gives them thatauthority. True or False.

A. True

B. False

If the budget is more than $45,000, but less than $75,000 a review needs to be conducted when?

If an association has a budget that is under $45,000 they do not need to have an audit orreview regardless of what the documents say.

A. True

B. False

NRS 116.31175 requires the board or authorized agent to provide copies of any records described in this section to an owner or the Ombudsman within how many days?

In accordance with NRS 116, the reserve study should do which of the following:

A. Allocate funds for monthly operating costs over the next 24 months

B. Allocate funds for repairs, replacement, and restoration of the major components over a periodof the next 30 years.

C. Detail exactly how much should be given back to the owners when under funded on the cashbasis.

D. Detail the amount that should be in the annual budget for maintenance for the normal poolservice.

According to Nevada Law a Budget adopted by the Board is considered “passed” unless:

A. A large number of the owners send in a proxy voting “no”, but do not constitute a majority.

B. 50% plus 1 of the owners shows up at a meeting to vote against the budget.

C. If the Owners don’t pay their assessments.D. A majority of the owners who are in attendance (not a majority of the entire membership),vote to disapprove the budget.

Major components of the common elements can include all of the following except:

A. Pool Pumps

B. Carpet Cleaning

C. Exterior Painting

D. Pool Heater

There are no requirements in the budget to have the reserve components, who prepared thestudy, the preparer’s qualifications or the type of funding. True or False.A. TrueB. False

Who has the ultimate decision making authority to determine if an individual is qualified toprepare a reserve study?

A. The Board

B. The Real Estate Division

C. The Ombudsman’s Office since studies are required to be filed with them.

D. The owners in the community

A reserve study provider has to take pre-licensing education and post licensing education sinceR050-13 was adopted? True or False

A. TrueB. False

What are the three types of funding methods that associations’ can use when funding for theirreserves? Which is the most correct answer?

A. Full Funding, Threshold Funding and Baseline Funding

B. Cash flow Funding, Full Funding & Threshold Funding

C. Threshold Funding, Complete Funding & Estimated Funding

D. Cash flow Funding, Complete Funding & Baseline Funding

What happens if the budget is not ratified by the owners at a meeting called for that purpose?NRS 116 31151, Section 3 - Which is the best answer?

A. The board can raise the assessments by 20% regardless of what the documents may state asNevada law allows the increase.

B. The board has to call another meeting for the owners to show up and ratify the budget as theycan’t collect assessments until they have a ratified budget.

C. The board is required to use the current ratified budget until the board makes a decision onwhether to try again or not.

D. There are no requirements in Nevada law regarding the budget as the board needs to raise theassessments as needed to maintain the property and pay their bills.

The association must have a collection policy to do what?

How often does the new reserve study have to be performed by a person registered as a reservespecialist with the Division?

Which is the most risky type of funding plan to use ultimately for the owners?

A. Full funding

B. Base Line funding

C. Threshold funding

D. Composite funding

Out of the following people, which is the most correct answer on who can perform the tasksrequired to prepare a reserve study?

A. Community Manager under his Community Manager license.

B. A reserves study specialist registered with the Nevada Real Estate Division in this State and meetthe NRS 116 qualifications.

C. A reserves study specialist from any State in the nation as long as they are registered with theirReal Estate Division and meet the NRS 116 qualifications.

D. Any homeowner who has a Nevada contractor’s license and lives in the association.

The three types of studies that can be prepared by the reserves study specialist are:

A Fullstudy, An Update without a site inspection, and an Update with a site inspection. True orFalse?

A. True B. False

Who has the ultimate responsibility for verifying the major component list?

All Landscaping is typically not a reserve component since it cannot be quantified. True or False?A. TrueB. False

A reserve component must have a life of more than 1 year and less than 30. True or False?

A. TrueB. False

Which of the below satisfies the requirements of a 5-year study?

A. An Update without a site visit

B. An Update with an inspection of only new components

C. An Update with an inspection of all components

D. None of the above.

How often does the board need to review and make any adjustments to the reserve study’sfunding plan?

Where does a copy of the annual Association Registration Form 562 need to be sent?

In Nevada, anyone can perform reserve studies if they do which of the following:

A. Just take 3 hours of Nevada law.

B. Take 3 Hours of Financial Class after they get their license.

C. Swear that they are qualified.

D. All of the above.

One of the reasons that Nevada requires reserve studies is to eliminate the need for specialassessments. True or false.

A. TrueB. False

A reserve study is based upon which of the following?

A. Assumptions and Estimates

B. Only hard bids from contractors servicing the community.

C. A Budget worksheet created in the NRED

What are the two main parts of a reserve study?

A good source for a reserve specialist to use for costing and historical information about thecommon areas are:

A. The Board

B. The Manager

C. Other Experts providing services to the CIC

D. All of the Above.

Which of the following is not a type of insurance coverage that you would expect your agent torecommend to the common-interest community to purchase that are not normally required bythe documents or Nevada Law:

A. Non-owned auto and loss assessment coverage

B. Boiler and Machinery

C. Earthquake and Flood

D. Personal auto liability coverage.

Typical exclusions from common-interest liability policies might include which of the followingexcept:

A. Building ordinance or law.

B. Nuclear hazard

C. Increased cost of construction

D. Liability Coverage

Which of the following type(s) of insurance would you request to cover the wiring in acondominium project, but may not be covered by all companies for this coverage?

A. Workers Compensation

B. Boiler (Machinery & Equipment)

C. Loss Assessment

D. Directors and Officers Coverage

The common-interest community industry recommends (and in some cases dictates by law) thefollowing type(s) of insurance regardless of whether the association has or does not haveemployees:

A. Worker’s Compensation Insurance

B. Liability Insurance

C. Property Insurance

D. All of the above

What Purpose does Insurance Endorsements Provide?

How much Fidelity/Crime Insurance coverage must an association have? NRS 116.3113

If an insurance agent works for just one company and can only recommend what thatone company has to offer, that agent is known as a what?

When talking about Cybercrime and Fidelity Insurance coverage, what is the best answer?A. They are the same coverage and we don’t need separate policies?

B. They are two separate coverages and we need to talk with the agent about coverage forboth.

C. Cyber Crime is always part of the Fidelity Insurance coverage policy.

D. The Associations Fidelity and Crime insurance, both, will always cover the managementcompany as well.

NRS 116.31038 defines exactly what the developer is required to give the common interestcommunity at transition, which includes all of the following except:

A. Plans and Maps

B. Insurance Policies

C. Developer Company Financial Statements

D. Property of the Association

Can the Developer transition early if they wish before the required percentage? NRS 116.31032Section 1

A. YesB. No

At what percent of the units sold and closed escrow must the Developer give up control of theBoard if the units are under 1,000 after 10-1-15?

At what percent of the units sold and closed escrow must the Developer give up control of theBoard if the units are over 1,000 after 10-1-15?

What does transition to the owners from Developer mean?

When is the declarant required to step down off the board to give up the majority vote? NRS116.31032, Section 1

If the declarant has not paid his or her share of the reserves, how long does he have to pay theassociation? NRS 116.31038 Section 3 (a)

How long does the declarant of a converted building have to pay the reserve deficit that may existon a unit he is selling? Which is the best answer. NRS 116.310395

A. At the time of close of escrow of a unit in a converted building, the declarant shall deliver to theassociation the amount of the converted building reserve deficit allocated to all units that may sellwithin 1 year.

B. There is no requirement for the developer to pay for any reserve deficit that may exist as he can optout of it in the Public Offering statement.

C. At the time of close of escrow of a 60% of all units in a converted building, the declarant shalldeliver to the association the amount of the converted building reserve deficit due for those unitsincluded at that time.

D. At the time of close of escrow of a unit in a converted building, the declarant shall deliver to theassociation the amount of the converted building reserve deficit allocated to that unit.

What best defines the amount that the declarant of a converted building needs to pay to fund thereserves? NRS 116.310395 - Which is the best answer?

A. The amount necessary to replace the major components of the common elements needingreplacement within 10 years after the date of the first close of escrow of a unit.

B. The amount necessary to replace the major components of the common elements needingreplacement within 5 years after the date of the first close of escrow of a unit.

C. amount necessary to replace the major components of the common elements needing replacementwithin 3 years after the date of the first close of escrow of a unit.

D. amount necessary to replace the major components of the common elements needing replacementwithin 1 year after the date of the first close of escrow of a unit.

When an owner plans to sell his home and requests a certificate containing specific informationidentified in NRS 116.4109.2 that he needs to disclose to the buyer, how may days does the Associationhave to furnish this information?

If a unit’s owner has provided a buyer with the certificate and the information required byNevada law and the purchaser is now demanding that he or she wants the reserve study aswell, what best describes the purchaser’s rights?

A. The purchaser is only entitled to the summary page.

B. The Association must make the entire reserve study available for inspection, examination, photocopying or auditing available to the seller to provide to the purchaser.

C. A complete copy of the entire study must be mailed, faxed or electronically transmitted to the purchaser within 10 days.

D. The Association should only take direction from the Buyer as he or she will be the new owner and the manager does not want to start off on the wrong foot.

To whom should the Community Manager provide disclosure information in a purchasingtransaction?

A Public Offering Statement is given to each owner prior to purchase by the Developer forwhich purpose?

Is the following statement true?

Management companies can no longer collect a true transfer fee created by thedeveloper in the resale process?

How many days must the association/manager guarantee that the information provided to theseller in the process will be good? NRS 116.4109, Section 1 (b)

When purchasing a home in a CIC, how long do you have to cancel a sale after youreceive the governing documents? NRS 116.4109 Section 2. Which is the most correctanswer?

A. The purchaser may, by written notice cancel the contract of purchase until midnightof the 5th calendar day following the date of receipt of the resale package.

B. The purchaser may, by written notice cancel the contract of purchase until midnight ofthe 10th calendar day following the date of receipt of the resale package.

C. The purchaser may, by written notice cancel the contract of purchase until midnight ofthe 3th calendar day following the date of receipt of the resale package.

D. Once you receive the resale package, you have 24 hours to give written notice to theseller that you wish to cancel the contract of purchase.

How much can the management company charge to prepare a resale package? NRS116.4109, Section 4 (b). Which is the best answer of the 4?

A. The association may charge whatever is in the management agreement to the unit’sowner plus a fee to put into their capital account regardless of what the documentssay.B. The association may currently charge the unit’s owner a reasonable fee to cover thecost of preparing the certificate furnished pursuant to the 10 day requirement, but thefee must be based on the actual cost the association incurs to fulfill the requirementsof this law.

C. The association may not charge more than $210.00 for the resale package based on theCommission’s regulation.

D. There are no laws in Nevada surrounding this area and is it basically buyer beware andthe purchaser and seller need to decide who will pay any charge that is levied.

Which of the following does not need to be included in the resale package that isrequired under NRS 116.4109 to a seller to give to the purchaser.

A. Plats and plans initially recorded by the developer.

B. A statement of any transfer fees, transaction fees, or any other fees associated with theresale of a unit.

C. A statement describing all current and expected fees or charges for each unit.

D. A copy of the current budget of the association and current year to date financialstatement for the association.

Which item below is a good way to determine if the common-interest community is faced withone or more defects in the community?