NAC119A.120. Sales agent: Failure to renew and reinstatement of license.

     1. If a sales agent fails to file an application for the renewal of his or her license before it expires, the sales agent may not engage in the business of selling time shares until the license is reinstated. To have the license reinstated, the sales agent must apply on the appropriate form, submit a current fingerprint card and pay the required fee.

     2. In reviewing an application for reinstatement, the Administrator will apply the same standards as are applied for an application for an initial license. The Administrator will determine whether the application is accepted or denied within 10 days after receipt by the Division of the completed application, fee and any other information requested from the applicant and the report on the fingerprint card from the Federal Bureau of Investigation, if a report was requested.

     3. If the Administrator denies an application for reinstatement for any reason, the sales agent may appeal the denial in the same manner as provided for the appeal of a denial of an application for an initial license.

     (Added to NAC by Real Estate Div., eff. 12-3-84)