Free Nebraska Real Estate Practice Exam

Q1.Under the Nebraska Real Estate License Act, which of the following actions by a salesperson would constitute a prohibited practice subject to disciplinary action by the Nebraska Real Estate Commission?

• A.Presenting all written offers to the seller, even after the seller has accepted an offer
• B.Advertising a listed property using only the salesperson's personal name without including the employing broker's name
• C.Referring a buyer client to a lender and disclosing the referral relationship in writing
• D.Obtaining a seller's written authorization before placing a lockbox on the property

Q2.When documenting witnessed harassment, which record is most useful in an enforcement action?

• A.A summary written weeks later with your legal conclusions included
• B.A detailed emotional account describing your personal reaction
• C.A general note stating that 'a potential fair housing violation occurred'
• D.A factual, specific record created the same day (contemporaneous) using exact words and observable conduct

Q3.A landlord refuses to rent to a family with children under 18 years old. This practice would violate which protected class under the Fair Housing Act?

• A.Race
• B.Sex
• C.Age
• D.Familial status

Q4.Under the Nebraska Real Estate License Act, which of the following statements about commission agreements is correct?

• A.A salesperson may negotiate and collect a commission directly from a seller if the seller agrees in writing
• B.Commissions may only be paid to or collected by the employing broker, not directly to the salesperson
• C.The Nebraska Real Estate Commission sets a maximum allowable commission rate for residential transactions
• D.A salesperson may accept a bonus from a seller without disclosing it to the employing broker

Q5.When dual agency occurs in a real estate transaction, which fiduciary duty is most significantly modified?

• A.The duty of confidentiality
• B.The duty of loyalty
• C.The duty of reasonable care
• D.The duty of accounting

Q6.Under the Nebraska Real Estate License Act, a candidate for a broker's license must satisfy which requirement that is NOT required of a salesperson license applicant?

• A.Passing the Nebraska state-specific portion of the real estate licensing examination
• B.Submitting a completed application to the Nebraska Real Estate Commission
• C.Demonstrating a qualifying period of active experience as a licensed salesperson
• D.Completing a pre-licensing education course approved by the Nebraska Real Estate Commission

Q7.When a buyer breaches a real estate contract by failing to close, what is the most common remedy available to the seller?

• A.Keeping the buyer's earnest money as liquidated damages
• B.Specific performance to force the buyer to complete the purchase
• C.Suing for the full purchase price
• D.Automatically transferring title to a backup buyer

Q8.Under the Nebraska Real Estate License Act, which of the following best describes the professional composition requirement for the Nebraska Real Estate Commission?

• A.All seven members must hold active Nebraska real estate broker licenses
• B.A majority of members must be licensed real estate brokers or salespersons, with at least one public member
• C.A majority of members must be attorneys licensed in Nebraska
• D.All members must be Nebraska residents but are not required to hold real estate licenses

Q9.A broker's affiliated salesperson tells a prospective buyer that a particular neighborhood is 'changing' and suggests the buyer look elsewhere, even though the buyer specifically requested properties in that area. Under the Fair Housing Act, which of the following best describes the broker's potential liability in this situation?

• A.The broker faces no liability because the salesperson acted independently without the broker's knowledge or direction.
• B.The broker may be held vicariously liable because brokers have an affirmative duty to supervise affiliated licensees and can be liable for their discriminatory acts committed within the scope of employment.
• C.The broker is only liable if the salesperson has received at least one prior written warning about discriminatory steering.
• D.The broker is insulated from liability as long as the office has a written Fair Housing policy posted in a conspicuous location.

Q10.A Nebraska employing broker fails to review and countersign transaction files prepared by affiliated salespersons for a period of several weeks. Under Nebraska Real Estate Commission rules, this would most likely constitute a violation of the broker's duty regarding:

• A.Trust account reconciliation requirements
• B.Mandatory continuing education supervision
• C.Adequate supervision of licensed salespersons
• D.The requirement to maintain errors and omissions insurance

Q11.Under the Nebraska Real Estate License Act, which of the following activities would require a person to hold a Nebraska real estate license?

• A.An executor of an estate selling the deceased's home pursuant to a court order
• B.A public official conducting a court-ordered foreclosure sale
• C.A resident manager of an apartment complex who shows units and collects rent for the building owner
• D.A property owner selling their own single-family home without an agent

Q12.Under the Nebraska Real Estate License Act, which of the following activities requires a Nebraska real estate license?

• A.A homeowner selling her own personal residence without the assistance of a broker
• B.A licensed attorney performing a title search in connection with a real estate transaction
• C.A person advertising another person's property for sale and collecting a fee upon closing
• D.A court-appointed receiver selling real property as part of an estate proceeding

Q13.A Nebraska listing agreement between a seller and a broker has expired, but the seller's property has not yet sold. Under the Nebraska Real Estate License Act, which statement is accurate regarding the salesperson's authority to continue marketing the property?

• A.The salesperson may continue to market the property for 30 days after the listing expires without a new agreement
• B.The salesperson may continue marketing if the seller provides verbal authorization
• C.The salesperson has no authority to market the property once the listing agreement has expired
• D.The employing broker may authorize continued marketing without a new written listing agreement

Q14.Which 1968 federal law is the foundational statute prohibiting housing discrimination based on race, color, religion, sex, national origin, familial status, and disability?

• A.The Civil Rights Act of 1964
• B.The Fair Housing Act (Title VIII of the Civil Rights Act of 1968)
• C.The Housing and Community Development Act of 1974
• D.The Americans with Disabilities Act of 1990

Q15.Under RESPA (Real Estate Settlement Procedures Act), which of the following actions by a real estate licensee would be prohibited?

• A.Recommending a specific lender to a client based on competitive rates
• B.Providing clients with a list of preferred service providers
• C.Attending closing meetings with clients
• D.Receiving a referral fee from a mortgage broker for directing clients to their services