What is required for the renewal of a broker's corporate and individual license in Nevada?

The requirement for renewing a broker's corporate and individual license in Nevada is that separate renewal requirements must be met for each license. This means that each license operates independently, and therefore, the renewal process entails fulfilling distinct criteria specific to both the corporate and individual licenses.

In Nevada, for example, a broker must ensure compliance with continuing education requirements, fees, and potentially other regulatory obligations separately for each type of license. This separation is crucial for maintaining the integrity and accountability of both the individual broker's practice and the corporation they represent. Thus, the nuances of the regulations necessitate that each license undergoes its own renewal process, making option B the correct choice.

The other options do not align with the state's licensing requirements. For instance, renewing both licenses together or suggesting that only one license—the corporate license—needs to be renewed doesn't accurately reflect the regulatory framework that governs real estate brokers in Nevada. Additionally, stating that only continuing education is needed fails to acknowledge the full scope of requirements necessary for maintaining both types of licenses.