Nebraska Real Estate Exam Prep

NE Salesperson Practice Exam

Our Nebraska Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Nebraska’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

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Nebraska License Requirements

The applicant must be at least 19 years of age,
The applicant must have a high school diploma or GED
The applicant must successfully completed 60 hours (2 courses) of approved pre-license education. No previous real estate experience is required.
After completing the education requirement the applicant may take the real estate exams. A passing score of 75% is required. Once licensed, the salesperson must be under the direct supervision of a licensed broker at all times.

For more information on state requirements click here.

Nebraska Reciprocal Agreements With:

Anyone holding licenses from any of these states may apply for a reciprocal license, and may be able to forego some classroom work and other requirements.

Alabama
Michigan
Alberta, Ca
Minnesota
Arkansas
Mississippi
Connecticut
Montana
Florida
North Carolina
Georgia
North Dakota
Idaho
Ohio
Illinois
Oklahoma
Indiana
Oregon
Iowa
Pennsylvania
Kansas
South Dakota
Kentucky
Washington
Maine West
Virginia
Massachusetts
Wyoming

Nebraska Sample Practice Real Estate Exam Questions and Answers

Nebraska State Section

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Question 1

Does Nebraska allow Holographic wills?

A	No
B	Yes

Question 2

What tenancies does Nebraska allow?

A	Tenancy by the entirety
B	Joint tenancy
C	Neither
D	Both

Question 3

What is a holographic will?

A	a will and testament that has been entirely handwritten and signed by the testator.
B	a will that has been approved by each family member.
C	a standard boiler plate will.
D	a will that displays in 3D

Question 4

Standing trees would be considered:

A	Personal Property
B	Real property
C	Emblements
D	Chattels

Question 5

Mortgage "discount" points only apply if which of the following conditions are met?

A	The interest rate on the mortgage loan has been lowered by 1% for each point charged
B	The interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The loan does not close and the buyer owes the lender for services rendered
D	The seller has agreed to pay 1% of the closing costs

Question 6

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Buyer
B	Agent
C	Lessee
D	Lessor

Question 7

What term means "going to the state?"

A	Taxation
B	police power
C	Eminent Domain
D	escheat

Question 7 Explanation:

Escheat is if someone dies and there is no one to inherit or no will, the property goes to the state.

Question 8

The Salesperson license fee costs how much?

A	$115
B	$125
C	$135
D	$145

Question 9

Which of the following would not put a salesperson in jeopardy of losing their license in Nebraska?

A	Convicted of a felony
B	Placing an ad claiming to be a broker when they are not.
C	Depositing his/her clients escrow money into a personal account
D	Being authorized to accept and excessive commission.

Question 10

After getting a real estate license, how often must you take Continuing Education classes?

A	Every 2 years
B	Every 4 years
C	Every 3 years
D	Every year

Question 11

In what circumstances, if any, can a broker in Nebraska who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	In most circumstances, except when the buyer and seller are related
B	Only when both buyer and seller have legal representation
C	None; the broker may only collect compensation from one party to a transaction
D	Only when both buyer and seller give informed consent to this arrangement

Question 12

Does Nebraska have dower laws?

A	No
B	Yes

Question 13

Does Nebraska have homestead laws?

A	No
B	Yes

Question 14

Which is not necessary for a valid contract?

A	due date
B	acceptance
C	offer
D	legal object

Question 15

Which of the following is a landlord's option for a tenant not paying the rent?

A	shutoff the gas
B	unlawful detainer action in court
C	lock the tenant out of the apartment
D	shut off the power

Question 16

Is Nebraska a community property state?

A	No
B	Yes

Question 17

What is homestead protection?

A	Gradual subsidence of waters, leaving dry land
B	Net cash remaining to investor after sale of investment property
C	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
D	The estimated value that an asset will have at then end of it's useful life

Question 18

Which of the following isn't part of a deed?

A	novation
B	Premises
C	acknowledgement
D	Habendum

Question 19

Which of the following is required for an applicant to receive a Real Estate License?

A	Must sit and pass the required exam
B	Must be 25 or older
C	Must have a Bachelors degree
D	Must have lived in the state for more than a year

Question 20

How soon can a broker receive a commission check after a closing in Nebraska?

A	Once the seller agrees to the price.
B	When the Buyer moves in.
C	After the transaction is completed and funded.
D	Once the offer sheet is signed.

Question 21

The license law is administered by:

A	Nebraska Real Estate Commission
B	Nebraska Department of Real Estate
C	Commission of Nebraska Real Estate
D	Department of Commerce and Real Estate

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