NAC645.325. Inactive renewed status: Requirements for reinstatement.

Except as otherwise provided in NAC 645.345:

     1. A licensee who is in good standing with the Division and whose license is on inactive renewed status may apply to the Division to have his or her license reinstated to active status. The application must:

     (a) Be on a form supplied by the Division;

     (b) Be accompanied by the required fees;

     (c) Contain evidence that the licensee has paid the required fee for the Real Estate Education, Research and Recovery Fund;

     (d) If the application is for reinstatement of a real estate broker’s license, be accompanied by a completed financial statement that is prepared on the form prescribed by the Division;

     (e) Contain evidence that requirements for continuing education have been met; and

     (f) Include any other information required by the Administrator, including, without limitation, current fingerprint cards.

     2. If a license has been on inactive renewed status for more than 2 years, the licensee must, in addition to fulfilling the requirements of subsection 1:

     (a) Show, to the Administrator’s satisfaction, that he or she has the competency to engage in the business of real estate; and

     (b) Complete an examination, including payment of the appropriate examination fees, and attain a score of at least 75 percent.

     3. If the licensee fails the examination, he or she may retake the examination after paying the appropriate examination fee.

     4. A license placed on inactive status for the holder’s failure to comply with NRS 645.570 or for any of the reasons listed in NRS 645.577 remains inactive until an application for reinstatement has been approved by the Division.

     [Real Estate Adv. Comm’n, § V part subsecs. 9 & 12, eff. 10-31-74; A and renumbered as subsecs. 12 & 13, 2-20-76]—(NAC A by Real Estate Comm’n, 8-21-81; 12-16-82; 4-27-84; 6-3-86; R111-01, 12-17-2001; R031-04, 11-30-2004)