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Nebraska Real Estate Broker Licensing Examination — State-Specific Portion — Information & Free Practice

US-NE · Examination information

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Nebraska Real Estate Broker Licensing Examination — State-Specific Portion

Examination outline
  • I. Duties and Powers of the Real Estate Commission (5 items)
    • A. General powers of the Nebraska Real Estate Real Commission (NREC)
    • B. Investigations, complaints, and hearings
    • C. Disciplinary action
    • C. Disciplinary action — 1. License suspension, revocation, and probation
    • C. Disciplinary action — 2. Fines and sanctions
  • II. Licensing (7–8 items)
    • A. Licensing requirements
    • B. Activities requiring a real estate license
    • B. Activities requiring a real estate license — 1. Sales
    • B. Activities requiring a real estate license — 2. Auctions
    • B. Activities requiring a real estate license — 3. Property management
    • C. Exemptions to real estate licensure
    • D. Unlicensed assistants
    • E. License required to appraise
    • F. Nonresident license reciprocal agreements
    • G. Handling of licenses
    • G. Handling of licenses — 1. License transfer
    • G. Handling of licenses — 2. License renewal
    • G. Handling of licenses — 3. Branch office
    • H. Errors and omissions insurance
  • III. Statutory Requirements Governing the Activities of Licensees (17–18 items)
    • A. Advertising
    • B. Designated broker/associate broker/salesperson relationships
    • C. Broker supervision
    • C. Broker supervision — 1. Teams
    • D. Commissions and compensation
    • E. Funds of others/72-hour rule
    • F. Offering inducements
    • G. Unauthorized practice of law
    • H. Illegal acts
    • I. Trust accounts
    • J. Record keeping
  • IV. Agency (15 items)
    • A. Licensee duties
    • B. Required property disclosures
    • C. Cooperative transactions
    • D. Disclosure of a conflict of interest
    • E. Preparation and handling of offers and other documents
    • F. Listings
    • G. Closings
  • V. Additional Topics (5 items)
    • A. Subdivided and out-of-state land sales
    • B. Nebraska Fair Housing Law
    • C. Equitable interest
Examination sources