Nevada Administrative Code Chapter 116A - Common-Interest Communities: Regulation of

Nevada Administrative Code (NAC) Chapter 116A – Common-Interest Communities: Regulation of Community Managers and Management

This chapter of the Nevada Administrative Code governs the licensing, regulation, and conduct of community managers and their management companies who operate within common-interest communities (CICs), such as condominiums, homeowner associations (HOAs), and similar shared-ownership developments.

πŸ”‘ Key Topics Covered in NAC Chapter 116A:

1. Licensing Requirements (NAC 116A.100 – 116A.180)

Outlines the qualifications, application procedures, background checks, and examinations required to obtain a community manager license.

Includes provisions for temporary licenses and restricted licenses in certain situations.

2. Continuing Education (NAC 116A.200 – 116A.235)

Community managers must complete a set number of continuing education (CE) hours for license renewal.

CE courses must be approved by the Real Estate Division and include topics relevant to managing CICs.

3. Conduct and Responsibilities of Community Managers (NAC 116A.300 – 116A.345)

Defines fiduciary duties, proper recordkeeping, financial management, and disclosure obligations.

Prohibits conflicts of interest and requires the manager to act in the best interest of the association.

Sets rules for handling of association funds, including separation of accounts and limits on signing authority.

4. Discipline and Enforcement (NAC 116A.350 – 116A.370)

Establishes the procedures for handling complaints, investigations, and disciplinary actions for violations.

Disciplinary actions may include fines, license suspension or revocation, and mandatory education.

5. Regulations for Management Companies

If community managers operate as part of a management company, the company must also meet regulatory standards, including supervision, insurance, and reporting obligations.

6. General Provisions

Defines key terms used throughout the chapter.

Details interaction with the Real Estate Division and the Commission for Common-Interest Communities and Condominium Hotels.

βš–οΈ Governing Authority

NAC Chapter 116A works in conjunction with:

NRS Chapter 116 – Common-Interest Ownership (Uniform Act)

Nevada Real Estate Division – Oversees licensing and enforcement

Commission for Common-Interest Communities – Conducts hearings and disciplinary actions

 

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