Nebraska Real Estate Salesperson Exam –
Verified Practice Questions & Answers with
Detailed Rationales (2026 Edition)
1. Which document is required in Nebraska before a
licensee can act as a limited seller agent?
A. Buyer representation agreement
B. Brokerage cooperation agreement
C. Written agency disclosure and consent agreement
D. Net listing agreement
Rationale: Nebraska law requires written disclosure of agency
relationships and informed consent before a licensee can
establish a limited agency relationship with a seller. This
ensures the client understands fiduciary duties and
representation limits.
2. In Nebraska, which entity regulates real estate license
law?
A. Nebraska Department of Insurance
B. Federal Housing Administration
C. Nebraska Real Estate Commission
D. County Recorder’s Office
,Rationale: The Nebraska Real Estate Commission enforces
licensing, education, and disciplinary actions for real estate
professionals in the state.
3. A salesperson receives earnest money but fails to deposit
it within the required timeframe. This is considered:
A. Civil negligence only
B. Contract breach only
C. Misappropriation of trust funds
D. Puffing
Rationale: Earnest money is a trust fund and must be
deposited promptly. Failure to do so is misappropriation and
can result in license revocation.
4. Which of the following BEST describes a special warranty
deed?
A. Guarantees title against all defects ever
B. Transfers ownership without covenants
C. Covers only defects arising during the grantor’s ownership
D. Transfers leasehold interest only
Rationale: A special warranty deed only guarantees the
grantor did not create title defects during their ownership
period, unlike a general warranty deed.
5. In Nebraska, which statement regarding agency is TRUE?
,A. Dual agency is prohibited in all cases
B. Agents owe fiduciary duties only to buyers
C. Designated agency allows different licensees in the same
brokerage to represent opposing parties
D. Agency relationships do not require disclosure
Rationale: Nebraska permits designated agency, where
different agents within the same brokerage represent
different clients in the same transaction.
6. A contract becomes enforceable in Nebraska when:
A. Offer is made
B. Acceptance is discussed verbally
C. There is offer, acceptance, and consideration
D. It is notarized
Rationale: A valid contract requires mutual assent (offer and
acceptance) and consideration; notarization is not required
for enforceability.
7. Which clause protects a buyer if financing is not
approved?
A. Acceleration clause
B. Contingency clause
C. Subordination clause
D. Estoppel clause
, Rationale: A financing contingency allows the buyer to
terminate or renegotiate the contract if loan approval is not
obtained.
8. Which type of ownership includes undivided interest with
right of survivorship?
A. Tenancy in common
B. Tenancy in severalty
C. Joint tenancy
D. Condominium ownership only
Rationale: Joint tenancy includes right of survivorship,
meaning ownership passes automatically to surviving co-
owners.
9. A listing agreement without a termination date is:
A. Valid indefinitely
B. Automatically renewable
C. Invalid and unenforceable in Nebraska
D. Converted to buyer agency
Rationale: Nebraska requires listing agreements to have a
definite expiration date to prevent indefinite contractual
obligations.
10. Which statement about puffing is TRUE?
Verified Practice Questions & Answers with
Detailed Rationales (2026 Edition)
1. Which document is required in Nebraska before a
licensee can act as a limited seller agent?
A. Buyer representation agreement
B. Brokerage cooperation agreement
C. Written agency disclosure and consent agreement
D. Net listing agreement
Rationale: Nebraska law requires written disclosure of agency
relationships and informed consent before a licensee can
establish a limited agency relationship with a seller. This
ensures the client understands fiduciary duties and
representation limits.
2. In Nebraska, which entity regulates real estate license
law?
A. Nebraska Department of Insurance
B. Federal Housing Administration
C. Nebraska Real Estate Commission
D. County Recorder’s Office
,Rationale: The Nebraska Real Estate Commission enforces
licensing, education, and disciplinary actions for real estate
professionals in the state.
3. A salesperson receives earnest money but fails to deposit
it within the required timeframe. This is considered:
A. Civil negligence only
B. Contract breach only
C. Misappropriation of trust funds
D. Puffing
Rationale: Earnest money is a trust fund and must be
deposited promptly. Failure to do so is misappropriation and
can result in license revocation.
4. Which of the following BEST describes a special warranty
deed?
A. Guarantees title against all defects ever
B. Transfers ownership without covenants
C. Covers only defects arising during the grantor’s ownership
D. Transfers leasehold interest only
Rationale: A special warranty deed only guarantees the
grantor did not create title defects during their ownership
period, unlike a general warranty deed.
5. In Nebraska, which statement regarding agency is TRUE?
,A. Dual agency is prohibited in all cases
B. Agents owe fiduciary duties only to buyers
C. Designated agency allows different licensees in the same
brokerage to represent opposing parties
D. Agency relationships do not require disclosure
Rationale: Nebraska permits designated agency, where
different agents within the same brokerage represent
different clients in the same transaction.
6. A contract becomes enforceable in Nebraska when:
A. Offer is made
B. Acceptance is discussed verbally
C. There is offer, acceptance, and consideration
D. It is notarized
Rationale: A valid contract requires mutual assent (offer and
acceptance) and consideration; notarization is not required
for enforceability.
7. Which clause protects a buyer if financing is not
approved?
A. Acceleration clause
B. Contingency clause
C. Subordination clause
D. Estoppel clause
, Rationale: A financing contingency allows the buyer to
terminate or renegotiate the contract if loan approval is not
obtained.
8. Which type of ownership includes undivided interest with
right of survivorship?
A. Tenancy in common
B. Tenancy in severalty
C. Joint tenancy
D. Condominium ownership only
Rationale: Joint tenancy includes right of survivorship,
meaning ownership passes automatically to surviving co-
owners.
9. A listing agreement without a termination date is:
A. Valid indefinitely
B. Automatically renewable
C. Invalid and unenforceable in Nebraska
D. Converted to buyer agency
Rationale: Nebraska requires listing agreements to have a
definite expiration date to prevent indefinite contractual
obligations.
10. Which statement about puffing is TRUE?
