Nebraska Real Estate Salesperson Exam — All Questions

Before acting as a Nebraska designated broker for other licensees, a newly licensed broker must take courses in:

• a.construction standards and municipal zoning law
• b.trust accounting, brokerage finance, ethics, and risk✓
• c.appraisal, land surveying, and title examination
• d.property management and federal fair housing law

Nebraska bars a new broker from serving as designated broker for any other licensee until the broker completes postlicensure education in real estate trust accounting, brokerage finance, business ethics, and risk management, with a limited six-month extension under the hardship provision. Cite: Neb. Rev. Stat. 81-885.13(4).

Nebraska real estate licenses renew on a two-year cycle, with the renewal fee due:

• a.by December 31 of each and every calendar year
• b.on or before November 30 of the renewal year✓
• c.on the licensee's own birthday each other year
• d.within 30 days after the issuance anniversary

The renewal application and fee are due on or before November 30 of the renewal year. Failure to remit automatically cancels the license on December 31 of that year, though a late application may be filed with a monthly late amount if filed before July 1 of the following year. Cite: Neb. Rev. Stat. 81-885.14(3).

A Nebraska license inactive for more than three continuous years is reinstated only if the licensee:

• a.obtains a written waiver from the state Attorney General
• b.completes 30 hours of continuing education first
• c.pays a doubled renewal fee for the lapsed years
• d.meets the exam requirement of an original applicant✓

An inactive Nebraska licensee renews by application and fee before December 1, but may not practice until meeting the requirements for active status. Any license inactive for a continuous period of more than three years is reinstated only if the licensee meets the examination requirement of an original applicant. Cite: Neb. Rev. Stat. 81-885.14(5).

In each two-year period a Nebraska licensee must complete:

• a.24 hours of approved continuing education activity
• b.15 hours of education and 3 hours of state law
• c.12 hours of continuing education and 6 of training✓
• d.8 hours of education and a 4-hour ethics course

Nebraska splits the requirement in two: twelve hours of commission-approved continuing education activities plus six hours of broker-approved training, with evidence of both filed with the commission for the two-year period. Cite: Neb. Rev. Stat. 81-885.51.

Of Nebraska's twelve required continuing education hours, the commission's rule requires that:

• a.six hours cover ethical decisions or real estate law✓
• b.all twelve hours be taken in a physical classroom
• c.three of the twelve hours be devoted to appraisal practice
• d.half the hours come from one approved provider

Six of the twelve hours in each two-year period must come from material covering ethical decision-making or federal or state laws and rules dealing with real estate, so designated by the commission. Property management and team courses carry their own three-hour requirements for the licensees they apply to. Cite: Neb. Admin. Code tit. 299, ch. 7, 001.