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RE state exam Nebraska State portion Mostly Tested Questions and Correct Answers (100% Pass) $13.49   Add to cart

Exam (elaborations)

RE state exam Nebraska State portion Mostly Tested Questions and Correct Answers (100% Pass)

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Who is the largest purchaser in the secondary market? Fannie Mae Which transaction requires a securities license? Selling shares in Fannie Mae How many NREC members must be licensed salespersons? 1 unless otherwise stated in written agreement, how often must fees and commission be remove...

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  • November 19, 2024
  • 27
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • RE state
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1|Page | © copyright 2024/2025 | Grade A+




RE state exam Nebraska State
portion Mostly Tested Questions
and Correct Answers (100% Pass)
Who is the largest purchaser in the secondary market?


✓ Fannie Mae




Which transaction requires a securities license?


✓ Selling shares in Fannie Mae




How many NREC members must be licensed salespersons?


✓ 1




unless otherwise stated in written agreement, how often must fees and

commission be removed from a property management escrow account?


✓ monthly




which party completes a residential property disclosure statement?


✓ seller




the term for a member of the real estate commission is?

Master01 | November, 2024/2025 | Latest update

, 1|Page | © copyright 2024/2025 | Grade A+

✓ 6 years




what's legal in ne?


✓ net listing




what must a broker do with all the hard copy salesperson licenses assigned

to his or her brokerage office?


✓ hard copy licenses are no longer issued by NREC




in each 2 year license renewal period how many training hours are required?


✓ 18




first substantial contract is defined as


✓ the point as which the licenses first provides specific assistance




Mr. Leach operates a farm property auction service company. is he required

to have a real estate license?


✓ yes




who can be appointed as a "temporary broker" if an individual broker dies?



Master01 | November, 2024/2025 | Latest update

, 1|Page | © copyright 2024/2025 | Grade A+

✓ any licensed or non licensed person




how would a branch office under a principal broker operate?


✓ under the principle brokers license




who can be a manager of a branch office?


✓ a broker or associate broker




in compliance with a license law, which of the following should a salesperson

should do when listing a property?


✓ make an inspection of the property * where salesperson looks for

material facts to disclose




pertaining to a closing, a salesperson can legally


✓ conduct a closing when the broker is out of town




in a corporative sale


✓ the Earnest deposit check is first put in the trust account of the selling

broker.




A Nebraska broker can legally split a commission with

Master01 | November, 2024/2025 | Latest update

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