Nrs 40 deals with - Study guides, Class notes & Summaries
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CPH Exam 230 Questions with Verified Answers,100% CORRECT
- Exam (elaborations) • 21 pages • 2023
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CPH Exam 230 Questions with Verified Answers 
 
 
When are suitability requirements not applicable? - CORRECT ANSWER For brokers who do not provide investment advice or operate as a separate legal entity 
 
How is a new product approved? - CORRECT ANSWER After review from the New product Committee 
 
What are the ethical principles for a code of ethics? - CORRECT ANSWER Trust, integrity, justice, fairness, and honesty 
 
What are the 5 Standards of Conduct? - CORRECT ANSWER Duty of Care, Tru...
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Community Association Manager pre-test | 200 Questions with 100% Correct Answers
- Exam (elaborations) • 13 pages • 2022
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When is a CIC created? - A CIC is created when the declaration (CC&Rs) is 
recorded with the county. No later than the date the first unit is conveyed 
How many elected board members are required under NRS 116B, once the declarant's 
control of a condominium hotel terminates? - 3 
A common interest community is? - Real estate described in a declaration in which 
individual unit owners are required to pay a portion of the expenses related to the 
common elements. 
in addition to the Declarations...
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