Real Estate Practice in Nebraska
Nebraska practice includes handling client funds through broker trust accounts and giving buyers a statutory seller property condition disclosure. This chapter covers trust money and seller disclosure duties.
Trust Accounts and Client Funds
Earnest money and other client funds must be handled through the broker's trust (escrow) account and kept separate from the broker's personal and business funds. A salesperson who receives client money must promptly deliver it to the employing broker for deposit. Commingling or converting trust funds is one of the most serious violations of the license act.
Seller Property Condition Disclosure
Nebraska law requires the seller of residential real property to give the buyer a completed Seller Property Condition Disclosure Statement on the form the Commission provides, disclosing known conditions of the property. The statement reflects the seller's actual knowledge and is not a warranty or a substitute for an inspection. Licensees must not help a seller conceal known material defects.
Advertising and Honest Dealing
Advertising must be truthful and must identify the broker; a salesperson may not advertise listed property independently of the employing broker. Licensees must avoid misrepresentation and must disclose known material adverse facts about a property. Honest, broker-supervised advertising protects consumers and limits the licensee's exposure to complaints.
State-specific details
State exam facts
- State regulator
- Nebraska Real Estate Commission (NREC)
- Exam vendor
- Pearson VUE
- Prelicensing education
- 60 hours (30-hour Real Estate Principles/Practices + 30-hour approved elective)
How many prelicensing hours does Nebraska require to become a real estate agent?
Nebraska requires 60 hours for a salesperson license: a 30-hour Real Estate Principles and Practices course plus a 30-hour approved elective course before you sit for the state exam.
Who licenses real estate agents in Nebraska?
The Nebraska Real Estate Commission (NREC) licenses salespersons and brokers. NREC uses Pearson VUE to deliver the exam.
How is the Nebraska salesperson exam structured?
The Nebraska salesperson exam is delivered by Pearson VUE with a national portion and a Nebraska state portion, scored separately; you must pass both. Confirm the current scored-question counts in the Pearson VUE Candidate Handbook.
Sources: https://nrec.nebraska.gov/licensing/salesperson.html, https://home.pearsonvue.com/ne/realestate
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