Tract 1 CAM Basics Flashcards
If you were looking for maintenance easements for a community, where would you most likely find them?
The Plats or CC&R’s
Board members must do all of the following except?
Receive a salary for serving on the board.
After you have passed your final exam and have received your certificate from the State of Nevada, what type of license will you normally be given?
A provisional community manager certificate.
Which of the following would normally correctly describe a condominium in any state?
The owner owns air space above the condominium.
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
10 days
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 understand the governing documents of the association, the provisions of NRS 116 and NAC 116.31034 Section 15?
90 days
National night out is which of the following ?
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?
The CC&R’s (because they are recorded against the property)
What would you normally find in the Articles of Incorporation?
The purpose of the corporation.
Which of the following is an accurate statement?
Members of the board will fall into “Safe Harbor” if they rely on qualified individuals to give advice and who are qualified in each specific area as required by law.
If a common interest community is not defined as a condominium or a cooperative, which of the below could considered as another type of common interest.
A planned community
How would you define a limited common element?
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.
If you live in a condominium, what type of interest do you have in the common elements and common expense.
The owner holds his unit (air space and any other area shown in CCR’s) and has an undivided interest in the common area.
What is the purpose for an HOA to have landscaping?
To enhance the value of the property. To satisfy provisions placed on the developer by the public entity. To have pleasing areas that break up the housing units themselves. All of the above.
