Inactive Real Estate Licenses FREQUENTLY ASKED QUESTIONS
What Is The Definition Of "Inactive” Status?
A license that is current (renewed), unsuspended or unrevoked, and is not affiliated with a broker, developer, or real estate company is an “Inactive” license. The inactive status does not allow the individual to conduct any real estate transactions until the license is placed on “active” status. NAC 645.040
How Do I Place My License On Inactive Status?
The Division requires the original Salesperson and Broker-Salesperson license to be returned with a signed termination notice Form 505 from the broker. The Division must receive all original licenses within 10 days of termination or disassociation date.
As A Broker, How Do I Inactivate Myself?
The Broker returns their original license with the Location of Records Form 512 and any real estate license on “active” status with Form 505.
Do I Still Need To Renew My License If I Am Inactive And, If So, What Is The Fee?
Yes, the renewal fee is due, whether your license is on an active or inactive status. Licenses on “inactive” status are not required to submit the continuing education certificates with the renewal transaction.
Will I Lose My License If The Renewal Fee Is Not Paid By The Expiration Date?
Each licensee is responsible for renewing their license on time. If a license is not renewed, the license is placed on “Expired “ status after midnight of the renewal date. You may choose to renew your license within one year from the expiration date of your license. Late renewals pay the renewal fee with an additional late penalty fee.
How Long Can My License Remain Inactive?
There is no time limit for how long a license can be on inactive status, however, you are still required to renew your inactive license each renewal period.
What Will I Need To Reinstate My Inactive License?
Please review the application for reinstatement Form 544.