There are two types of inactive status: Involuntary and Voluntary. What is the difference?
Involuntary- A license is placed on inactive renewed status at the initiative of the Division. NAC 645.042 Voluntary- A license is placed on inactive renewed status at the initiative of the licensee. NAC 645.055 Within 30 days of the termination date, a Salesperson or Broker-Salespersons may choose to place their license on Voluntary Inactive status form 506 or change brokers form 504. The broker has only 10 days to notify the division of Voluntary Inactive with form 506 or affiliate with a new company form 507. If neither option was chosen, the Division must place the license on Involuntary Inactive status. The license may not transact any real estate business until he reinstates his license to active status. The division retains the unaffiliated license.
