NE Real Estate License Act Exam
Questions and Answers A+ Guide
A new Nebraska real estate licensee has been asked by a new
customer to help determine value on the home they are preparing
to put on the market. The new license should perform the
following for a customer; - correct answers✅✅Comparative
Market Analysis, (CMA) simplified version of the sales comparison
approach to help determine the value of real estate.
Kayla has successfully completed all of her pre-licensing
requirements and was waiting on the acceptance of her real
estate application when she received a "Notice of Refusal" from
the commission due to a drinking violation that had appeared on
her background check from when she was in college. IF Kayla
really wants to become a real estate professional in the state of
Nebraska what should she do next? - correct
answers✅✅Request a hearing
Once a new salesperson passes their exam the real estate license
is; - correct answers✅✅Kept in the custody and control of their
broker and put on display.
Members of the Nebraska Real Estate Commission are appointed
by; - correct answers✅✅The Governor.
The minimum age required to be issued a Nebraska broker's or
salesperson's license is; - correct answers✅✅19
Carlotta filed an application for a salesperson's license. She is
unsure about when the license expires. What should her broker
,NE Real Estate License Act Exam
Questions and Answers A+ Guide
tell her? - correct answers✅✅One year after date of receipt in
the commission office
If Francine is applying for a broker's license, does she need
additional classroom hours to the 60 hours completed earlier? -
correct answers✅✅Yes, she needs to take another 60 hours
Kami, a licensed broker, is filing a renewal application. What is the
maximum renewal application and renewal fee Kami will be
required to pay? - correct answers✅✅$ 500
Lonnie, a licensed salesperson, is filing a renewal application.
What is the maximum renewal application and renewal fee Lonnie
will be required to pay? - correct answers✅✅$ 400
If a license has been inactive for a continuous period of more than
_____ years, it will be reinstated only if the licensee has met the
examination required of an original applicant. - correct
answers✅✅3
Which of the following would NOT be considered an unfair trade
practice? - correct answers✅✅A salesperson who has been
convicted of a misdemeanor
Today an associate broker received a check for earnest money
from a prospective purchaser. In order for the associate broker not
to be considered as having committed an unfair trade practice,
, NE Real Estate License Act Exam
Questions and Answers A+ Guide
when should he / she give the money to his / her broker? -
correct answers✅✅As soon after receipt as practicable
If a licensee is expected to have a hearing before the Commission
regarding censure, how far ahead of the hearing shall the
Commission notify the licensee? - correct answers✅✅At least
20 days
The Commission has found that a broker violated the Nebraska
Real Estate Licensing Act and fined the licensee. What happens to
the fine, once the licensee pays it? - correct answers✅✅It is
remitted to the State Treasurer
Which of the following statements about continuing education and
inactive licensees is correct? - correct answers✅✅Inactive
licensees may renew licenses at the end of the two-year
continuing education period without having completed the hours
of continuing education required by statute
Which statement about errors and omissions insurance is
INCORRECT? - correct answers✅✅The premium for errors and
omissions must not exceed $1000.00
Bobby is a prospective seller who is interested in working with a
person who can prepare a comparative market analysis for the
home he wishes to sell. All of the following could assist Bobby
EXCEPT _____. - correct answers✅✅Inactive broker
Questions and Answers A+ Guide
A new Nebraska real estate licensee has been asked by a new
customer to help determine value on the home they are preparing
to put on the market. The new license should perform the
following for a customer; - correct answers✅✅Comparative
Market Analysis, (CMA) simplified version of the sales comparison
approach to help determine the value of real estate.
Kayla has successfully completed all of her pre-licensing
requirements and was waiting on the acceptance of her real
estate application when she received a "Notice of Refusal" from
the commission due to a drinking violation that had appeared on
her background check from when she was in college. IF Kayla
really wants to become a real estate professional in the state of
Nebraska what should she do next? - correct
answers✅✅Request a hearing
Once a new salesperson passes their exam the real estate license
is; - correct answers✅✅Kept in the custody and control of their
broker and put on display.
Members of the Nebraska Real Estate Commission are appointed
by; - correct answers✅✅The Governor.
The minimum age required to be issued a Nebraska broker's or
salesperson's license is; - correct answers✅✅19
Carlotta filed an application for a salesperson's license. She is
unsure about when the license expires. What should her broker
,NE Real Estate License Act Exam
Questions and Answers A+ Guide
tell her? - correct answers✅✅One year after date of receipt in
the commission office
If Francine is applying for a broker's license, does she need
additional classroom hours to the 60 hours completed earlier? -
correct answers✅✅Yes, she needs to take another 60 hours
Kami, a licensed broker, is filing a renewal application. What is the
maximum renewal application and renewal fee Kami will be
required to pay? - correct answers✅✅$ 500
Lonnie, a licensed salesperson, is filing a renewal application.
What is the maximum renewal application and renewal fee Lonnie
will be required to pay? - correct answers✅✅$ 400
If a license has been inactive for a continuous period of more than
_____ years, it will be reinstated only if the licensee has met the
examination required of an original applicant. - correct
answers✅✅3
Which of the following would NOT be considered an unfair trade
practice? - correct answers✅✅A salesperson who has been
convicted of a misdemeanor
Today an associate broker received a check for earnest money
from a prospective purchaser. In order for the associate broker not
to be considered as having committed an unfair trade practice,
, NE Real Estate License Act Exam
Questions and Answers A+ Guide
when should he / she give the money to his / her broker? -
correct answers✅✅As soon after receipt as practicable
If a licensee is expected to have a hearing before the Commission
regarding censure, how far ahead of the hearing shall the
Commission notify the licensee? - correct answers✅✅At least
20 days
The Commission has found that a broker violated the Nebraska
Real Estate Licensing Act and fined the licensee. What happens to
the fine, once the licensee pays it? - correct answers✅✅It is
remitted to the State Treasurer
Which of the following statements about continuing education and
inactive licensees is correct? - correct answers✅✅Inactive
licensees may renew licenses at the end of the two-year
continuing education period without having completed the hours
of continuing education required by statute
Which statement about errors and omissions insurance is
INCORRECT? - correct answers✅✅The premium for errors and
omissions must not exceed $1000.00
Bobby is a prospective seller who is interested in working with a
person who can prepare a comparative market analysis for the
home he wishes to sell. All of the following could assist Bobby
EXCEPT _____. - correct answers✅✅Inactive broker
