NAC116.482. Restriction on and statements by community managers and employees of community managers.

     1. No community manager or employee of the community manager shall receive, in the aggregate, any gift, incentive, gratuity, reward or other item of value pursuant to subsection 2 of NRS 116.31185 in any calendar year which exceeds the sum of $500.

     2. On or before the date of renewal of a license for a community manager, each community manager shall disclose to the Division, in the renewal form, a statement of any gifts, incentives, gratuities, rewards or other items of value which exceed $15 received pursuant to subsection 2 of NRS 116.31185 during each of the years following the last renewal.

     (Added to NAC by Comm’n for Common-Interest Communities by R205-05, eff. 9-18-2006)