NE Real Estate License Act Exam Questions and Answers 100% Pass

NE Real Estate License Act Exam Questions and Answers 100% Pass 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; - Answer- 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? - Answer- Request a hearing Once a new salesperson passes their exam the real estate license is; - Answer- Kept in the custody and control of their broker and put on display. Members of the Nebraska Real Estate Commission are appointed by; - Answer- The Governor. The minimum age required to be issued a Nebraska broker's or salesperson's license is; - Answer- 19 Carlotta filed an application for a salesperson's license. She is unsure about when the license expires. What should her broker tell her? - Answer- 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? - Answer- 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? - Answer- $ 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? - Answer- $ 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. - Answer- 3