Nevada Community Manager Practice Test Questions with correct answers

Nevada Community Manager Practice |\ |\ |\ |\




Test Questions with correct answers
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Except for a residential planned community containing not more
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than ___ units, the association must have an executive board.
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Choose only ONE best answer:
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A) 12
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B) 10
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C) 5
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D) None of the above are correct - CORRECT ANSWERS ✔✔A) 12
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According to NRS 116.3102, an association shall do which of the
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following?
Choose only ONE best answer:
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A) Shall adopt and, except as otherwise provided in the bylaws,
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may amend bylaws and may adopt and amend rules and
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regulations.
B) Shall adopt and may amend budgets in accordance with NRS
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116.31151, may collect assessments for common expenses, and
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may invest funds per NRS 116.311395.
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C) May hire and discharge managing agents, employees, agents,
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and independent contractors.
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D) All of the above. - CORRECT ANSWERS ✔✔D) All of the above.
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,If the Commission or a hearing panel, after notice and hearing,
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finds that the executive board or any person acting on behalf of
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the association has committed a violation, the Commission or the
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hearing panel may take which of the following actions?
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Choose only ONE best answer: |\ |\ |\ |\




A) Order an audit of the association, at the expense of the
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association.
B) Require the executive board to hire a community manager
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who holds a certificate.
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C) Both A and/or B.
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D) None of the above. - CORRECT ANSWERS ✔✔C) Both A and/or
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B.


A member of an executive board, an officer of an association, a
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community manager, or any person working for a community |\ |\ |\ |\ |\ |\ |\ |\ |\


manager shall not accept, directly or indirectly, any gifts,
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incentives, gratuities, rewards, or other items of value from:
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Choose only ONE best answer: |\ |\ |\ |\




A) An attorney, law firm, or vendor, or any person working
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directly or indirectly for them, which total more than the amount
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established by the Commission by regulation, not to exceed $100 |\ |\ |\ |\ |\ |\ |\ |\ |\


per year per such attorney, law firm, or vendor.
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B) A declarant, an affiliate of a declarant, or any person
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responsible for the construction of the applicable community or |\ |\ |\ |\ |\ |\ |\ |\ |\


association, which total more than the amount established by the |\ |\ |\ |\ |\ |\ |\ |\ |\


Commission by regulation, not to exceed $100 per year per such
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declarant, affiliate, or person.
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C) Both A and B.
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D) None of the above. - CORRECT ANSWERS ✔✔C) Both A and B.
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,The executive board and governing documents shall not prohibit
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a unit owner from installing drought-tolerant landscaping, but the
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drought-tolerant landscaping must be selected or designed to
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the maximum extent practicable to be compatible with the style
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of the common-interest community.
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Choose only ONE best answer: |\ |\ |\ |\




A) True |\




B) False - CORRECT ANSWERS ✔✔A) True.
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The association may NEVER prohibit a unit owner from renting or
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leasing his or her unit. |\ |\ |\ |\




Choose only ONE best answer: |\ |\ |\ |\




A) True |\




B) False - CORRECT ANSWERS ✔✔B) False.
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What does NAC stand for in the context of these regulations?
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Choose only ONE best answer: |\ |\ |\ |\




A) National Association of Contractors
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B) Nevada Administrative Code
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C) North American Corporation - CORRECT ANSWERS ✔✔B)
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Nevada Administrative Code. |\ |\




Which of the following is NOT a part of the specified regulations?
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Choose only ONE best answer: |\ |\ |\ |\




A) NRS 116A.630
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, B) NRS 116.31185
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C) NRS 116.410 - CORRECT ANSWERS ✔✔C) NRS 116.410.
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What is the focus of NAC 645.800?
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Choose only ONE best answer:
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A) Real estate transactions
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B) Property management
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C) Brokerage practices - CORRECT ANSWERS ✔✔B) Property
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management.


In which document can you find NRS 116A.110?
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Choose only ONE best answer:
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A) Nevada Revised Statutes
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B) Nevada Administrative Code
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C) Federal Regulations - CORRECT ANSWERS ✔✔A) Nevada
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Revised Statutes. |\




Which NRS regulation discusses the differences between an
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employee and an independent contractor?
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Choose only ONE best answer:
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A) NRS 116.31185
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B) NRS 645.0192
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C) NRS 618 - CORRECT ANSWERS ✔✔C) NRS 618
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Which SEC regulation is linked with NAC 116A.112?
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