NAC116A.330. Required disclosures.

Before entering into a management agreement, a community manager shall disclose in writing to the prospective client any material and relevant information that the community manager knows or should know relates to the performance of the management agreement, including any matters which may affect his or her ability to comply with the provisions of this chapter or chapter 116 of NRS. Such disclosure must include, without limitation:

     1. Whether the community manager expects to receive any direct or indirect compensation or profits from any person who will perform services for the client and, if so, the identity of the person;

     2. His or her affiliation with or financial interest in any person who furnishes any goods or services to the client; and

     3. His or her personal relationships with any unit’s owner, member of the executive board or officer of the association.

     (Added to NAC by Real Estate Comm’n by R136-99, eff. 4-3-2000; A by Comm’n for Common-Interest Communities by R129-04, 4-14-2005)—(Substituted in revision for NAC 116.310)