NAC116A.120. Prerequisites for certificate: Education and experience.

     1. Except as otherwise provided in subsection 2, an applicant for a certificate who does not hold a temporary certificate must have successfully completed at least 60 hours of instruction in courses in the management of a common-interest community that have been approved by the Commission, including, without limitation:

     (a) At least 20 hours of instruction relating to federal, state and local laws applicable to the management of a common-interest community, including, without limitation:

          (1) Not less than 2 hours of instruction relating to federal laws applicable to common-interest communities, including, but not limited to, the Americans with Disabilities Act of 1990, 42 U.S.C. §§ 12101 et seq., the Fair Housing Act of 1968, 42 U.S.C. §§ 3601 et seq., the Fair Housing Amendments Act of 1988, 42 U.S.C. §§ 3602 et seq., and the Fair Debt Collection Practices Act of 1996, 15 U.S.C. §§ 1601 et seq.; and

          (2) Not less than 18 hours of instruction relating to the Uniform Common-Interest Ownership Act as set forth in this chapter, chapter 116 of NAC and chapters 116 and 116A of NRS.

     (b) At least 40 cumulative hours of instruction in the following subjects:

          (1) Understanding the legal basics of common-interest communities and their governing documents;

          (2) The management of facilities and the use of experts;

          (3) Accounting, including, without limitation, the preparation and monitoring of budgets, expenditures and reserves and the use of financial statements;

          (4) Contracts with the common-interest community, including obtaining bids and requests for proposals;

          (5) Parliamentary procedures, types and uses as may be required by law or the governing documents or bylaws of a common-interest community;

          (6) The management of human resources, including, the ability to communicate and interact effectively with other people;

          (7) Inspection and planning for property maintenance;

          (8) Risk management;

          (9) The types of insurance that must be maintained by a common-interest community pursuant to NRS 116.3113;

          (10) Governmental regulations that affect a common-interest community, including, without limitation, zoning and planning;

          (11) The Nevada Fair Housing Law as set forth in chapter 118 of NRS;

          (12) The Residential Landlord and Tenant Act as set forth in chapter 118A of NRS;

          (13) The disclosure of required information in real estate transactions;

          (14) Defects in construction;

          (15) Alternative dispute resolution for claims relating to residential property within a common-interest community as set forth in NRS 38.300 to 38.360, inclusive;

          (16) Corporation law;

          (17) Industrial insurance;

          (18) Health and safety; and

          (19) Business ethics.

     (c) Provide evidence that he or she has been engaged in the management of a common-interest community or has held a management position in a related area for:

          (1) The 12 months immediately preceding the date of his or her application; or

          (2) At least 2 of the 4 years immediately preceding the date of his or her application.

     2. An applicant for a certificate may provide evidence of any other combination of education and experience that the Division may deem to be equivalent to the requirements set forth in this section.

     (Added to NAC by Real Estate Comm’n by R058-98, 6-26-98, eff. 7-1-98; A by R136-99, 4-3-2000; A by Comm’n for Common-Interest Communities by R129-04, 4-14-2005, eff. 1-1-2006; A by Comm’n for Common-Interest Communities & Condo. Hotels by R165-09, 12-16-2010)—(Substituted in revision for NAC 116.120)