Podcast Beta
Questions and Answers
Where would you most likely find maintenance easements for a community?
What is an exception to the responsibilities of board members?
What type of license will you normally be given after passing your final exam and receiving your Certificate from the State of Nevada?
Which of the following correctly describes a condominium in any State?
Signup and view all the answers
How many days do you have to notify the division of any changes in your address after you receive your license?
Signup and view all the answers
How many days does each member of the Executive Board have to certify in writing that they have read and understand the governing documents of the Association?
Signup and view all the answers
What is National Night Out?
Signup and view all the answers
What is the primary responsibility of a board member?
Signup and view all the answers
In which document would you normally find lender provisions?
Signup and view all the answers
What is the primary purpose of the Articles of Incorporation?
Signup and view all the answers
What is the best way for a Board to stay in 'Safe Harbor'?
Signup and view all the answers
What type of community is a Planned Community an example of?
Signup and view all the answers
What is a limited common element in a common interest community?
Signup and view all the answers
What type of interest do you have in the common elements and common expenses if you live in a condominium?
Signup and view all the answers
Which of the following is NOT a type of common interest community?
Signup and view all the answers
What is the primary goal of building a sense of community in a common interest community?
Signup and view all the answers
Study Notes
Maintenance Easements
- Maintenance easements are typically found in the Plats or CC&R's.
Board Member Responsibilities
- Board members must follow the Business Judgment Rule.
- Board members must read and understand NRS 116, NAC 116, and their governing documents.
- Board members are not required to receive a salary for serving on the Board.
Community Manager Certification
- After passing the final exam and receiving a Certificate from the State of Nevada, a community manager will typically be given a Provisional Community Manager Certificate.
- A Community Manager Certificate will not be issued until the individual completes 2 years of experience.
Condominium Ownership
- Condominium owners typically own air space and have a divided interest in the common elements.
License Notification
- Community managers must notify the division of any changes in their address within 30 days of receiving their license.
Executive Board Certification
- Executive Board members have 30 days after their appointment or election to certify in writing that they have read and understand the governing documents of the Association, the provisions of NRS 116 and NAC 116.
National Night Out
- National Night Out is a community event that helps build a sense of community and promote safety.
Lender Provisions
- Lender provisions are typically found in the CC&R's.
Articles of Incorporation
- The Articles of Incorporation typically outline the purpose of the Corporation and the number of Officers required in the Corporation.
Safe Harbor
- Boards can stay in Safe Harbor by relying on qualified individuals to give advice and who are qualified in each specific area as required by law.
Common Interest Communities
- A Planned Community is another type of Common Interest Community.
Limited Common Elements
- A limited common element is a component that is owned by the CIC, but one or more owners have access to or use of, but fewer than all of the owners.
Condominium Interest
- Condominium owners have a divided interest in the common elements and common expenses.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of community association management, including bylaws, board member responsibilities, and governing documents.
