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Nevada Cam License Class Questions and Answers
Already Passed Latest Updated 2025/2026 |
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If you were looking for maintenance easements for a community, where would you most likely find those provisions? A. Bylaws B. Secretary of State’s Office C. Articles D. The Plats or CC&R’s. Board members must do all of the following except: A. Follow the Business Judgment Rule. B. Receive a Salary for serving on the Board. 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. B. The owner owns air space. 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.
A. 10
B. 20
C. 30
D. 90
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 A. 60 Days B. 30 Days C. 45 Days
B. The Rules and Regulations C. The Articles of Incorporation D. The CC&R’s What would you normally find in the Articles of Incorporation? A. The use restrictions B. The number of Officers required in the Corporation C. The purpose of the Corporation. D. The number of Board Members required. Which of the following is the most accurate statement? 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. C. The 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.
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. If a common interest community is not defined as a condominium or a cooperative, which of the below could be considered as another type of Common Interest Community? A. A Converted Building B. An Apartment C. A Planned Community C. A Planned Community
air space in their units. C. The owner owns his unit (Air space and any other area shown in the CC&R’s) and has an undivided interest in the common areas. D. The owner only owns what the Public Offering Statement stated you would own and the cost for the common expenses will be in the Bylaws. Welcome Letters are good forms of which type of communication? A. Verbal B. Written C. Physical D. Combative B. Written
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. 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: D. Failing to go along with decisions made by a majority of the Board that are also against the law.
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: A. Works out of the community clubhouse. B. The Community Manager has no other clients, is paid by the common interest community and follows the directions of the Board of Directors. C. Is not certified or permitted D. Has business cards stating he or
she is an employee of the common interest community. In Nevada, an employee can be fired at any time without cause? A. True B. False A. True Which of the following describes what a manager can “take” as incentives annually from all vendors? NAC 116. 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. D. $500.00 - Total of all vendors put together.
C. As the member of the board has served for 4 years and this is the first “incentive” he has received, he will split it over the 4 years and be okay. D. He can do anything he wants with it as directors don’t have any laws that pertain to gifts orincentives. What law(s) are condo hotels subject to in Nevada?
A. NRS 119A
B. NRS 116B
C. NRS 116A
D. NRS 116
Which of the below is the most correct statement? NRS
A. All new Associations must be incorporated and have specific terms in their corporate name. 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? A. CC&R’s B. Nevada State Law If there is a conflict between a Federal law and the CC&R’s, which one prevails? A. The Federal Law B. The CC&R’s If there is a conflict within the common-interest community’s documents, where do you look first to see which prevails? A. The Documents themselves.
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? A. Any limitations on the liability of the Community Manager B. A statement of the full dollar value of the contract and payment schedule. C. A statement detailing the identity and legal status of the contracting parties. D. The Community Manager’s monthly salary For which of the following reasons would a Board of B. To change the CC&R Provisions
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. After the formal agenda items are discussed. B. Before the Board conducts the business on the formal agenda. C. There is no open session required for owners at a Board of Directors meeting.
important documents. C. Play no part in a common-interest community D. Play only a minor part in a common- interest community and are not part of the legal documents of 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 D. All common- interest community documents must conform with State, Federal and Local laws.
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 A. True How much can the CICCH (Commission) fine a community manager for disciplinary Actions? NRS 116A.900 & NAC 116A. A. Up to $50,000. for each violation of the law. B. No more than $100. C. No more than $500. D. No more than $ How many positive votes do you need to have to terminate an association unless the
A. 100%
B. 80%
