Nevada § 116A.610 - Requirement for community manager to disclose certain information to prospective client before entering into management agreement

§ 116A.610. Requirement for community manager to disclose certain information to prospective client before entering into management agreement

Before entering into a management agreement, a community manager shall disclose in

writing to the prospective client any material and relevant information which the

community manager knows, or by the exercise of reasonable care and diligence should

know, relate to the performance of the management agreement, including any matters

which may affect the community manager’s ability to comply with the provisions of

this chapter or chapter 116 or 116B of NRS . Such written disclosure must include, without limitation: 1. Whether the community manager, or any member of his or her organization, expects

to receive any direct or indirect compensation, gifts or profits from any person who

will perform services for the client and, if so, the identity of the person and the

nature of the services rendered. 2. Any affiliation with or financial interest in any person or business who furnishes

any goods or services to the client. 3. Any pecuniary relationships with any unit's owner, member of the executive board

or officer of the client.