NAC645.305. Change in license.  


Latest version.
  •      1. Within 10 days after a change of his or her association with a real estate broker, other than termination, or a change of his or her name, business location or status, the licensee shall:

         (a) Submit a request to the Division to change his or her license on a form provided by the Division; and

         (b) Pay the required fees.

         2. If a licensee requests a change and pays the required fee, the receipt issued by the Division constitutes a temporary working permit pending receipt of the requested license.

         3. A real estate broker may change his or her status to that of a real estate broker-salesperson by filing an application on a form supplied by the Division.

         4. Licensees associated with a real estate broker licensed pursuant to chapter 645 of NRS as a manager of a limited-liability company, member of a partnership or officer of a corporation are not considered to have changed their association with the real estate broker if the corporation, limited-liability company or partnership designates a new real estate broker to act in the capacity of a manager of the limited-liability company, member of the partnership or officer of the corporation on or before the last date that the former real estate broker works in that capacity.

     [Real Estate Adv. Comm’n, § V subsecs. 1, 2 & 8, eff. 10-31-75]—(NAC A by Real Estate Comm’n, 8-21-81; R111-01, 12-17-2001; R031-04, 11-30-2004)