Nebraska Real Estate Exam Prep UPDATED Study Guide QUESTIONS AND CORRECT ANSWERS

Nebraska Real Estate Exam Prep
UPDATED Study Guide
QUESTIONS AND CORRECT
ANSWERS
What is the Nebraska act or code that covers all landlord and tenant rules and
guidelines for the state ? - CORRECT ANSWERS Nebraska Uniform
Residential Landlord Tenant Act


If the tenant does not owe any rent and leaves the property clean and in good
repair , the landlord must return the security deposit within how many days after
the tenant moves out ? - CORRECT ANSWERS 14 days


If a tenant needs something fixed they can issue a request to make repairs . How
many days does a landlord have to respond to this request per Nebraska law ? -
CORRECT ANSWERS 14 days


Per the Nebraska Uniform Residential Landlord Tenant Act , to end a month -
to- month lease , you or your landlord must give how much of a notice ? -
CORRECT ANSWERS 30 days


A salesperson's or associate broker's license must be returned to the Nebraska
Real Estate Commission within how many days ? - CORRECT ANSWERS
15 days


How long are terms for Nebraska Real Estate Commission Members ? -
CORRECT ANSWERS 6 years


How often is continuing education required for Nebraska real estate licensees ?
- CORRECT ANSWERS Every two years

,Members of the Nebraska Real Estate Commission are appointed by -
CORRECT ANSWERS The Governor


Nebraska real estate agent errors and omissions insurance must have a
combined single limit liability coverage for each occurrence of how much ? -
CORRECT ANSWERS Agents must have a $ 150,000.00 combined
single limit liability .


Nebraska real estate agent errors and omissions insurance must have a
combined single limit liability coverage for each occurrence of how much ? -
CORRECT ANSWERS Agents must have a $ 150,000.00 combined
single limit liability .


Regarding errors and omissions insurance , an annual aggregate limit cannot be
less than how much ? - CORRECT ANSWERS $ 300.000.00 per each
individual licensee covered by the policy.


In Nebraska , landlord tenant relations are generally governed by what ? -
CORRECT ANSWERS The Uniform Residential Landlord Tenant Act
in Nebraska


In Nebraska , how many total hours of continuing education are required for
real estate license renewal ? - CORRECT ANSWERS 18 hours


In Nebraska , if land is forfeited to the state , the state is obligated to pay the
forfeiting party - CORRECT ANSWERS Full market value minus the
appraisal cost


The Nebraska Real Estate Commission requires a broker to maintain records for
how many years ? - CORRECT ANSWERS 5 years

, 2 types of trust accounts in Nebraska - CORRECT ANSWERS Sales
accounts and property management accounts


Nebraska real estate license act - CORRECT ANSWERS Outlines the
requirements to conduct real estate business in Nebraska .


How many members are a part of the Nebraska Real Estate Commission ? -
CORRECT ANSWERS 7


Which protected class is recognized specifically under the Nebraska Fair
Housing Act but not under the federal Fair Housing Act ? - CORRECT
ANSWERS Ancestry


What is the role of the Nebraska Equal Opportunity Commission NEOC ) in
enforcing fair housing laws ? - CORRECT ANSWERS To mediate and
investigate discrimination claims


What legal action can the Nebraska Equal Opportunity Commission take if it
finds a housing discrimination case valid - CORRECT ANSWERS File
a lawsuit in state court


Which act would likely be considered discriminatory under Nebraska fair
housing laws ? - CORRECT ANSWERS Refusing to rent to a family
with children


If a housing provider in Nebraska wants to adjust their practices to comply with
fair housing laws , which step should they take first ? - CORRECT ANSWERS
Review and update non - discrimination policies