Nebraska Real Estate National Exam
Questions with Answers
An agent intending to work with a seller shall provide a written disclosure to such seller that
shall contain all of the following EXCEPT: - ✔✔a statement that the broker will act as a dual
agent
The following statements regarding relationships are true EXCEPT - ✔✔The licensee by default
represents a buyer or tenant.
2. You must have a written contract to represent a seller or landlord.
YOUR ANSWER 3. You do not need a written contract to represent a buyer or tenant.
CORRECT ANSWER 4. You must have a written contract to represent a buyer or tenant
A fact which negatively affects the value of a property is a/an.. - ✔✔adverse material fact.
A person with whom a licensee is working but has no agency relationship is known as - ✔✔a
customer.
A seller's or landlord's agent shall not disclose any confidential information about the client -
✔✔unless disclosure is required by statute, rule, or regulation or failure to disclose the
information would constitute fraudulent misrepresentation.
Under the Nebraska laws of agency, a broker is obligated to inform all of the following of the
brokerage firm's fiduciary responsibilities EXCEPT: - ✔✔buyer's lender.
Before showing property to a prospective buyer, a licensee must provide the buyer with a: -
✔✔Brokerage disclosure to buyer.
, If the person you are working with refuses to sign an agency agreement - ✔✔you may not list a
home without a written agency agreement
The SPCD form needs to be signed and dated by - ✔✔All parties who are selling their interest
The Seller Property Condition Disclosure - ✔✔s prepared by the seller at the time of listing and
must be updated when changes occur to the property until acceptance of a purchase
agreement.
Sellers should disclose on the SPCD - ✔✔all known property conditions.
An SPCD is most likely needed for - ✔✔residential property when the improvements are
coupled with a ground lease.
2. property that will be occupied by people.
3. residential property with 4 dwelling units.
CORRECT ANSWER 4. all of the above.
The seller's agent should - ✔✔remind the seller to update the SPCD from time-to-time during
the listing period.
3. tell the seller to clearly identify which appliances are not included in the sale on the SPCD.
CORRECT ANSWER 4. Both 2 and 3 are correct.
Nebraska law requires a seller's agent to - ✔✔disclose all known material facts about the
property
When appliances are identified on the Sellers Property Conditions Disclosure as being in
working order - ✔✔Buyers should not assume that they are to stay with the property
Questions with Answers
An agent intending to work with a seller shall provide a written disclosure to such seller that
shall contain all of the following EXCEPT: - ✔✔a statement that the broker will act as a dual
agent
The following statements regarding relationships are true EXCEPT - ✔✔The licensee by default
represents a buyer or tenant.
2. You must have a written contract to represent a seller or landlord.
YOUR ANSWER 3. You do not need a written contract to represent a buyer or tenant.
CORRECT ANSWER 4. You must have a written contract to represent a buyer or tenant
A fact which negatively affects the value of a property is a/an.. - ✔✔adverse material fact.
A person with whom a licensee is working but has no agency relationship is known as - ✔✔a
customer.
A seller's or landlord's agent shall not disclose any confidential information about the client -
✔✔unless disclosure is required by statute, rule, or regulation or failure to disclose the
information would constitute fraudulent misrepresentation.
Under the Nebraska laws of agency, a broker is obligated to inform all of the following of the
brokerage firm's fiduciary responsibilities EXCEPT: - ✔✔buyer's lender.
Before showing property to a prospective buyer, a licensee must provide the buyer with a: -
✔✔Brokerage disclosure to buyer.
, If the person you are working with refuses to sign an agency agreement - ✔✔you may not list a
home without a written agency agreement
The SPCD form needs to be signed and dated by - ✔✔All parties who are selling their interest
The Seller Property Condition Disclosure - ✔✔s prepared by the seller at the time of listing and
must be updated when changes occur to the property until acceptance of a purchase
agreement.
Sellers should disclose on the SPCD - ✔✔all known property conditions.
An SPCD is most likely needed for - ✔✔residential property when the improvements are
coupled with a ground lease.
2. property that will be occupied by people.
3. residential property with 4 dwelling units.
CORRECT ANSWER 4. all of the above.
The seller's agent should - ✔✔remind the seller to update the SPCD from time-to-time during
the listing period.
3. tell the seller to clearly identify which appliances are not included in the sale on the SPCD.
CORRECT ANSWER 4. Both 2 and 3 are correct.
Nebraska law requires a seller's agent to - ✔✔disclose all known material facts about the
property
When appliances are identified on the Sellers Property Conditions Disclosure as being in
working order - ✔✔Buyers should not assume that they are to stay with the property
