Project broker: Effect of failure to renew or cancellation, revocation or suspension of license

NAC 119A.125 Project broker: Effect of failure to renew or cancellation, revocation or suspension of license. ( NRS 119A.190 , 119A.220 ) If a project broker fails to renew his or her license or it is cancelled, suspended or revoked, the license of each sales agent in his or her employ will be immediately suspended until the employee applies for and meets the qualifications for reinstatement of his or her license and pays the proper fees. (Added to NAC by Real Estate Div., eff. 12-3-84)