NAC645.448. Specific requirements for renewal of license other than initial license and for reinstatement of license.

     1. Except as otherwise provided in subsection 3, a real estate salesperson who wishes to renew his or her license must complete at least 48 hours of continuing education at approved educational courses, seminars or conferences during the license renewal period. Twenty-four of the hours must be completed before the end of each 2-year period. Each licensee must provide the Division with proof of completion before the end of each 2-year period. Not less than 12 of the hours in each 2-year period must be devoted to ethics, professional conduct or the legal aspects of real estate, including:

     (a) Three hours in the area of agency relationships;

     (b) Three hours in the area of Nevada law with an emphasis on recent statutory and regulatory changes;

     (c) Three hours in the area of contracts; and

     (d) Three hours in the area of ethics.

     2. Except as otherwise provided in subsection 3, a real estate broker or real estate broker-salesperson who wishes to renew his or her license must complete at least 48 hours of continuing education at approved educational courses, seminars or conferences during the license renewal period. Twenty-four of the hours must be completed before the end of each 2-year period. Each licensee must provide the Division with proof of completion before the end of each 2-year period. Not less than 15 of the hours in each 2-year period must be devoted to ethics, professional conduct or the legal aspects of real estate, including:

     (a) Three hours in the area of agency relationships;

     (b) Three hours in the area of Nevada law with an emphasis on recent statutory and regulatory changes;

     (c) Three hours in the area of contracts;

     (d) Three hours in the area of ethics; and

     (e) Three hours in the area of broker management.

     3. The requirements for continuing education set forth in subsections 1 and 2 do not apply to the renewal of a license upon the expiration of the initial license.

     4. If a license has been placed on inactive status and the licensee wishes to have the license reinstated, the licensee must comply with the following requirements:

     (a) If the license was on inactive status for 1 year or less, all of which was during the period of the initial license, the licensee must complete the postlicensing course described in NAC 645.4442.

     (b) If the license was on inactive status for more than 1 year but less than 2 years, any part of which was during the period of the initial license, the licensee must complete at approved educational courses, seminars or conferences:

          (1) The postlicensing course described in NAC 645.4442; and

          (2) At least 18 hours of continuing education. Not less than 12 of the hours must be devoted to ethics, professional conduct or the legal aspects of real estate, including:

               (I) Three hours in the area of agency relationships;

               (II) Three hours in the area of Nevada law with an emphasis on recent statutory and regulatory changes;

               (III) Three hours in the area of contracts; and

               (IV) Three hours in the area of ethics.

     (c) If the license was on inactive status for 2 years or less, no part of which was during the period of the initial license, the licensee must complete at least 24 hours of continuing education at approved educational courses, seminars or conferences. Not less than 12 of the hours must be devoted to ethics, professional conduct or the legal aspects of real estate, including:

          (1) Three hours in the area of agency relationships;

          (2) Three hours in the area of current Nevada law with an emphasis on recent statutory and regulatory changes;

          (3) Three hours in the area of contracts; and

          (4) Three hours in the area of ethics.

     (d) If the license was on inactive status for more than 2 years, any part of which was during the period of the initial license, the licensee must complete at approved educational courses, seminars or conferences:

          (1) The postlicensing course described in NAC 645.4442; and

          (2) At least 24 hours of continuing education. Not less than 12 of the hours must be devoted to ethics, professional conduct or the legal aspects of real estate, including:

               (I) Three hours in the area of agency relationships;

               (II) Three hours in the area of current Nevada law with an emphasis on recent statutory and regulatory changes;

               (III) Three hours in the area of contracts; and

               (IV) Three hours in the area of ethics.

     (e) If the license was on inactive status for more than 2 years, no part of which was during the period of the initial license, the licensee must complete at least 48 hours of continuing education at approved educational courses, seminars or conferences. Not less than 24 of the hours must be devoted to ethics, professional conduct or the legal aspects of real estate, including:

          (1) Six hours in the area of agency relationships;

          (2) Six hours in the area of current Nevada law with an emphasis on recent statutory and regulatory changes;

          (3) Six hours in the area of contracts; and

          (4) Six hours in the area of ethics.

     5. Not more than 3 hours of any of the required hours in each 2-year period set forth in this section for continuing education may be taken in courses for personal development.

     6. At least 50 percent of the total hours of required continuing education set forth in this section must be taken through live instruction by a licensee.

     7. A licensee who fails to comply with the requirements for continuing education set forth in this section is subject to immediate involuntary inactivation of the license by the Division and an administrative fine in the amount set forth in subsection 1 of NAC 645.695.

     8. As used in this section, “initial license” means the license of a licensee who:

     (a) Did not hold a real estate license issued by another state or territory of the United States, or the District of Columbia, on the date on which the licensee obtained a real estate license issued by the State of Nevada;

     (b) Had not held a license as a real estate broker, real estate broker-salesperson or real estate salesperson issued by the State of Nevada within the 5 years immediately preceding the date on which the licensee obtained a license as a real estate salesperson; or

     (c) Is licensed as a real estate broker-salesperson and obtained the qualifications for licensure as a real estate broker-salesperson pursuant to the provisions of subsection 2 of NRS 645.343.

     (Added to NAC by Real Estate Comm’n by R031-04, 11-30-2004, eff. 1-1-2006; A by R123-06, 6-1-2006; R093-10, 5-30-2012)

Notation

REVISER’S NOTE.

      The regulation of the Real Estate Commission filed with the Secretary of State on May 30, 2012 (LCB File No. R093-10), which amended this section, contains the following provisions not included in NAC:

      “1.  The amendatory provisions of section 1 of this regulation [NAC 645.4442] apply only to first-time licensees whose licenses expire on or after July 1, 2012.

      2.  The amendatory provisions of section 3 of this regulation [NAC 645.448] apply only to licensees whose licenses expire on or after July 1, 2013.

      3.  The amendatory provisions of section 4 of this regulation [NAC 645.695] apply only to:

      (a) A first-time licensee whose license expires on or after July 1, 2012.

      (b) A licensee whose license expires on or after July 1, 2013.”