NAC645.345. Failure of broker to renew license.

     1. If a real estate broker fails to renew his or her license, the license of a licensee with whom he or she is associated who has renewed that license will immediately be placed on inactive renewed status. A licensee associated with the real estate broker may:

     (a) Within 30 calendar days, apply for a transfer to the association of another real estate broker, and pay any required fees; or

     (b) If the real estate broker with whom the licensee was associated reinstates and renews his or her license within 30 calendar days, reactivate his or her license with that real estate broker.

     2. If the licensee fails to reassociate with a broker within 30 days after the license of the broker with whom the licensee was associated became inactive, the licensee may only reinstate his or her license pursuant to NAC 645.325.

     [Real Estate Adv. Comm’n, § V subsec. 13, eff. 10-31-75]—(NAC A by Real Estate Comm’n by R111-01, 12-17-2001; R031-04, 11-30-2004)