NRS 645.580
Termination of association or employment of broker-salesperson or salesperson

  • duties of broker or owner-developer and broker-salesperson or salesperson
  • transfer of license or new license.

1.

When any real estate broker-salesperson or salesperson terminates, for any reason, his or her association with the real estate broker with whom he or she was associated, or his or her employment with the owner-developer by whom he or she was employed, the real estate broker or owner-developer shall:

(a)

Deliver or mail by certified mail to the Division the real estate broker-salesperson’s or salesperson’s license, together with a written statement of the circumstances surrounding the termination of the association or the employment, within 10 days after the termination occurs.

(b)

At the time of delivering or mailing the license to the Division, address a communication to the last known residence address of the broker-salesperson or salesperson, advising him or her that the license has been delivered or mailed to the Division. A copy of the communication must accompany the license when delivered or mailed to the Division.

2.

A broker-salesperson or salesperson must, within 30 days after termination of that association, become associated with or employed by another broker or owner-developer or request that the license be placed on inactive status.

3.

It is unlawful for any real estate salesperson to perform any of the acts contemplated by this chapter, either directly or indirectly, under authority of the license on or after the date of receipt of the license from the broker or owner-developer by the Division and until the license is transferred or reissued or a new license is issued.

Source: Section 645.580 — Termination of association or employment of broker-salesperson or salesperson; duties of broker or owner-developer and broker-salesperson or salesperson; transfer of license or new license., https://www.­leg.­state.­nv.­us/NRS/NRS-645.­html#NRS645Sec580.

645.330
General qualifications of applicant 645.332
Applicants licensed in another jurisdiction: Exemption from certain examination requirements 645.335
Depository financial institution prohibited from being licensed. 645.343
Educational requirements 645.345
Regulations of Division concerning schools and courses of instruction in principles and practice of real estate 645.350
Application: Form and contents. 645.355
Investigation of applicant’s background 645.358
Payment of child support: Submission of certain information by applicant 645.370
Issuance of license to certain organizations doing business as broker 645.380
Issuance of license as broker required for certain members and officers of certain organizations. 645.387
Issuance of license as broker-salesperson or salesperson to sole shareholder of corporation on behalf of corporation or to manager of limited-liability company on behalf of company 645.400
Additional information concerning applicants may be required by Division 645.410
Regulations concerning fees for examination 645.420
Action on application by Division 645.430
Restrictions on reapplication after applicant denied license on ground other than failure of examination. 645.440
Denial of application: Notice 645.450
Time for examinations. 645.460
Examination: Subjects covered 645.475
Examination for license as broker may be taken before meeting requirements for experience 645.490
Issuance of license 645.495
Nonresident licensee to authorize service of process upon Administrator. 645.510
Authority of license limited to person or place of business licensed. 645.520
Form and contents 645.530
Delivery 645.550
Broker to maintain place of business 645.560
Broker: Erection, maintenance, size and placement of signs. 645.570
Notice of change of name, location of business or association 645.575
Continuing education: Standards 645.577
Placement of license on inactive status 645.580
Termination of association or employment of broker-salesperson or salesperson 645.590
Termination of association by broker with limited-liability company, partnership or corporation 645.600
Inactive status for period of military service 645.605
Certificate authorizing out-of-state licensed broker to cooperate with broker in Nevada: Issuance 645.6051
Broker to maintain record of work performed on residential property
Last Updated

Jun. 24, 2021

§ 645.580’s source at nv​.us