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 Sample Practice Real Estate Exam Questions and Answers

Nebraska State Section

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Question 1

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

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

Question 2

The Salesperson license fee costs how much?

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

Question 3

What is homestead protection?

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

Question 4

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

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

Question 5

Does Nebraska allow Holographic wills?

A	Yes
B	No

Question 6

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

A	novation
B	Habendum
C	Premises
D	acknowledgement

Question 7

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

Question 8

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

A	Lessee
B	Agent
C	Lessor
D	Buyer

Question 9

Standing trees would be considered:

A	Emblements
B	Real property
C	Personal Property
D	Chattels

Question 10

The license law is administered by:

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

Question 11

What term means "going to the state?"

A	escheat
B	police power
C	Eminent Domain
D	Taxation

Question 11 Explanation:

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

Question 12

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

Question 13

Is Nebraska a community property state?

A	Yes
B	No

Question 14

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 15

What tenancies does Nebraska allow?

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

Question 16

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

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

Question 17

Which is not necessary for a valid contract?

A	legal object
B	due date
C	acceptance
D	offer

Question 18

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

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

Question 19

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

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

Question 20

Does Nebraska have homestead laws?

A	No
B	Yes

Question 21

Does Nebraska have dower laws?

A	No
B	Yes

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