Common-Interest Communities and the CAM Permit
Nevada has extensive common-interest community law and a separate manager permit. This chapter covers NRS Chapter 116 resale packages and the Community Association Manager permit.
Common-Interest Communities (NRS 116)
Nevada's Common-Interest Ownership Act, NRS Chapter 116, governs homeowners associations and other common-interest communities. When a unit in a common-interest community is resold, the seller generally must provide the buyer with a resale package containing the governing documents, financial information, and other required disclosures about the association. Brokers must ensure the resale package is provided in covered transactions.
The Resale Package
The NRS 116 resale package gives the buyer information about the association's rules, assessments, reserves, and any pending matters. Because association obligations can significantly affect a buyer, the timely delivery of a complete resale package is important, and the buyer may have rights tied to receiving it. A broker should confirm the package is ordered and delivered.
The Community Association Manager (CAM) Permit
Managing a common-interest community in Nevada requires a separate Community Association Manager (CAM) permit, distinct from the real estate broker license. A real estate license alone does not authorize managing an association. Brokers should understand that community association management is a separately regulated activity requiring the proper permit.