Nevada Code § 119.327

Expiration, revocation or surrender of property report, permit, partial registration, exemption, license or registration does not prohibit disciplinary action against holder thereof
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The
expiration or revocation of a property report, permit, partial registration,
exemption, license or registration by operation of law or by order or decision
of the Administrator, a hearing officer or a court of competent jurisdiction,
or the voluntary surrender of a property report, permit, partial registration,
exemption, license or registration by a developer, broker, real estate
salesperson or registered representative does not:
1. Prohibit the Administrator or Division
from initiating or continuing an investigation of, or action or disciplinary
proceeding against, the developer, broker, real estate salesperson or
registered representative as authorized pursuant to the provisions of this
chapter or the regulations adopted pursuant thereto; or
2. Prevent the imposition or collection of
any fine or penalty authorized pursuant to the provisions of this chapter or
the regulations adopted pursuant thereto against the developer, broker, real
estate salesperson or registered representative.

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