1.  Under reasonable regulations adopted by the Board, the Board may investigate, classify and qualify applicants for contractors’ licenses by written or oral examinations, or both, and may issue contractors’ licenses to qualified applicants. The examinations may, in the discretion of the Board, be given in specific classifications only.

2.  If a natural person passes the technical examination given by the Board on or after July 1, 1985, to qualify for a classification established pursuant to this chapter, demonstrates to the Board the degree of experience and knowledge required in the regulations of the Board, and is granted a license, the person is qualified for a master’s license, if issued by any political subdivision, in the classification for which the examination was given, if the examination required the person to demonstrate his or her knowledge and ability to:

(a) Utilize and understand;

(b) Direct and supervise work in compliance with; and

(c) Perform and apply any calculations required to ensure that work performed is in compliance with, the applicable codes, standards and regulations.

3.  If a natural person qualified for a license before July 1, 1985, in accordance with NRS 624.260 in a trade for which a master’s license is required by any political subdivision, and if the license is active on or after July 1, 1985, and if the person so qualified wishes to obtain a master’s license, the person must pass either the appropriate examination given by the Board on or after July 1, 1985, in accordance with NRS 624.260 and the regulations of the Board, or the examination given by the political subdivision in the trade for which a master’s license is required.