"Inactive renewed status" means that a licensee holds a current unsuspended or unrevoked license, but the license has been voluntarily cancelled or involuntarily inactivated and the licensee may not transact any real estate business until the licensee reinstates the license to active status. When a licensee is on inactive renewed status, the Division shall keep his or her license.
Nev. Admin. Code § 645.040
NRS 645.190