ILLINOIS COMMUNITY ASSOCIATION MANAGER (CAM) PRE-
TEST EXAM | QUESTIONS AND ANSWERS | ALREADY GRADED A+ |
LATEST EXAM UPDATE
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
TEST EXAM | QUESTIONS AND ANSWERS | ALREADY GRADED A+ |
LATEST EXAM UPDATE
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
