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NEBRASKA REAL ESTATE LICENSE ACT

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TABLE OF CONTENTS

Subject Statute
ACT HOW CITED
81-885
ACTING WITHOUT A LICENSE
81-885.45
ADDRESS CHANGE
81-885.20 (1)
ADVERTISING
 
Broker Prominence
81-885.24(33)
Team
81-885.24(34)
AGE REQUIREMENTS
81-885.13 (1)
APPEALS
 
Commission Orders
81-885.30
Refusal of Application
81-885.18
APPLICATIONS
 
Form
81-885.11
Refusal of Hearing
 
Decision
81-885.18 (6)
Evidence
81-885.18 (4)
Notice of Refusal
81-885.18 (1)
Notification of Hearing
81-885.18 (3)
Procedure
81-885.18 (5)
Request
81-885.18 (2)
ASSOCIATE BROKER; Defined
81-885.01 (3)
ATTORNEY GENERAL
 
Attorney for Commission
81-885.09
Fees and Expenses
81-885.09
Opinions on Law
81-885.09
Trust Account Enforcement
81.885.22
BRANCH OFFICE
81-885.19
License Requirement
81-885.19
Manager
81-885.19
Trust Account
81-885.21 (5)
BROKER
 
Defined
81-885.01 (2)
Educational Requirement
81-885.13 (3)
Exam Requirement
81-885.13 (4)
Experience Requirement
81-885.13 (3)
Renewal of License
81-885.14 (1)
Active
81-885.14 (1)
Inactive
81-885.14 (5)
BROKER'S PRICE OPINION
 
Defined
81-885.01 (13)
Requirements
81-885.16
CENSURE
81-885.29
CIVIL FINES
 
Authority to Assess
81-885.10
Remit to School Fund
81-885.31(1)
Collection Procedure
81-885.31(2)
CENSURED
81-885.29
COMMISSION; Powers
 
Court Action
81-885.43
Defined
81-885.01 (14)
Fees
81-885.07 (7)
Investigations
81-885.24
Regulate Licenses
81-885.10
Rules and Regulations
81-885.07 (5)
Seal
81-885.08
Seminars
81-885.07 (6)

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COMMISSION MEMBERS
 
Appointment
81-885.07 (1)
Compensation
81-885.07 (3)
Qualifications
81-885.07 (1)
Quorum
81-885.07 (2)
Terms
81-885.07 (2)
COMPARATIVE MARKET ANALYSIS; Defined
81-885.01 (16)
COMPENSATION; Action for Recovery
81-885.06
COMPLAINTS
 
Answer to Complaint
81-885.26
By Commission
81-885.44
Hearings
 
Appeal
81-885.30
Depositions
81-885.27
Execution Stayed
81-885.29
Notice
81-885.25
Order
81-885.29
Refusal of Witness
81-885.28
Subpoenas
81-885.27
CONDOMINIUMS
81-885.01 (1)
CONTINUING EDUCATION
 
Activity Approval
81-885.52
Evidence of Completion
81-885.51
Hours Required
81-885.51
Purpose
81-885.49
Renewal of License
 
Active Licensee
81-885.53
Inactive Licensee
81-885.53
Rules and Regulations
81-885.54
Terms, defined
 
Commission
81-885.50 (1)
Licensee
81-885.50 (2)
Two-Year Period
81-885.50 (3)
CRIMINAL HISTORY RECORD CHECK
 
Broker Applicant by Examination
81-885.13 (5)
Fingerprints Required
81-885.13 (5) and 81-885.17 (4)
Nonresident Applicant
81-885.17 (1c), (4)
Salesperson Applicant by Examination
81-885.13 (5)
DEEMED A LICENSEE; When
81-885.03
DESIGNATED BROKER; Defined
81-885.01 (4)
DIRECTOR, Duties
81-885.07 (4)
EDUCATIONAL REQUIREMENTS
 
Broker
81-885.13 (3)
Continuing Education
81-885.53
Salesperson
81-885.13 (2)
ERRORS AND OMISSION INSURANCE
81-885.55
Certificate of coverage
81-885.55 (2)
Group plan
81-885.55 (1)
Unavailable
81-885.55 (3)
EXAMINATION REQUIREMENT
 
Broker
81-885.13 (4)
Salesperson
81-885.13 (4)

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EXEMPTIONS TO ACT
 
Attorney    
81-885.04 (2)
Authority of Will
81-885.04 (3)
Broker Employee (Property Management)
81-885.04 (4)
Court Order
81-885.04 (3)
Federal Employee
81-885.04 (5)
Guardian
81-885.04 (3)
Leases - Oil, Gas, or Mineral
81-885.04 (8)
Lessor
81-885.04 (1)
Owner    
81-885.04 (1)
Owner Employee (Property Management)
81-885.04 (4)
Public Utilities
81-885.05
Railroads
81-885.05
Real Estate Taxation
81-885.04 (7)
Receiver
81-885.04 (3)
Relatives of Owner (Property Management)
81-885.04 (4)
Resident Manager
81-885.04 (4)
State Employee
81-885.04 (6)
Trustee
81-885.04 (3)
Witness
81-885.04 (3)
FALSE STATEMENTS
81-885.12 (4)
FEES
 
Application
81-885.14 (1)
Authority to Charge
81-885.07 (7)
Deposit of
81-885.15
Examination
81-885.14 (1)
License
 
Branch
81-885.19
Military Exemption
81-885.14(2)
Nonresident
81-885.14 (1)
Resident
81-885.14 (1)
Renewal
 
Inactive Broker
81-885.14 (2)
Inactive Salesperson
81-885.14 (2)
Late Penalty
81-885.14 (1)
Nonresident
81-885.14 (1)
Reexamination
81-885.14 (1)
Resident
81-885.14 (1)
FINGERPRINTS
 
Applicant for Examination
81-885.13 (5)
Nonresident Applicant
81-885.17 (4)
GRANDFATHER CLAUSE (1973)
81-885.46
HEARINGS
 
Depositions
81-885.27
Notice
81-885.25
Order
81-885.29
Appeal
81-885.30
Stay of Execution
81-885.29
Subpoenas
81-885.27
HOW CITED
81-885.47
INACTIVE BROKERS; Defined
81-885.01 (5)
INACTIVE SALESPERSON; Defined
81-885.01 (7)
INDEPENDENT CONTRACTORS
81-885.48

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INSURANCE; Errors and Omissions
81-885.55
Certificate of Coverage
81-885.55 (2)
Group Plan
81-885.55 (1)
Unavailable
81-885.55 (3)
INVESTIGATIONS
 
Complaints
81-885.24
Subdivided Land
81-885.35 (1)
LEASEHOLDS
81-885.01 (1)
LICENSES
 
Verification
81-885.19
Form
81-885.19
Refusal of
81-885.12
Renewal
81-885.14 (3)
Requirements
81-885.13
LICENSE RECOGNITION
Issuance
Affidavit
81-885.17 (7)
Verification of License
81-885.17 (3)
Criminal History Record Check
81-885.17 (4)
License Fee
81-885.17 (3)
License Remain in Force
81-885.17 (6)
Reciprocal Agreement
81-885.17 (5)
Required Class
81-885.17 (7)
Service of Process
81-885.17 (2)
Requirements
Nonresident Broker
81-885.17 (1)(a)
Resident Status
81-885.17 (1)(c)
Nonresident Salesperson
81-885.17 (1)(b)
LICENSE REQUIRED
81-885.02
MANAGING PROPERTY
License Exception
81-885.04 (4)
License Required
81-885.01 (2)
OPTIONS
81-885.01(2)
PENALTY
 
Acting Without License
81-885.45
Commission Order
81-885.29
PERSON; Defined
81-885.01 (8)
PROBATION
81-885.29
PROPERTY MANAGEMENT
License Exception
81-885.04 (4)
License Required
81-885.01 (2)
PURCHASER; Defined
81-885.01 (11)
REAL ESTATE; Defined
81-885.01 (1)
RE-EXAMINATION; Inactive Status
81-885.14 (2)

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REFUSAL OF LICENSE; Grounds for
 
Convictions
81-885.12 (2)
False Applications
81-885.12 (4)
Licensed Activity Without License
81-885.12 (3)
Reputation
81-885.12 (1)
Revocation of License
81-885.12 (5)
Unpaid Check
81-885.14 (3)
REGULATION OF LICENSE
 
Power to Revoke or Suspend
81-885.10
RENEWAL OF LICENSE
 
Inactive Broker
81-885.14 (5)
Inactive Salesperson
81-885.14 (5)
Late Penalty
81-885.14 (3)
Nonresident
81-885.14 (3)
Resident
81-885.14 (3)
REQUIREMENTS FOR LICENSURE BY EXAMINATION
 
Age
81-885.13 (1)
Criminal History Record Check
81-885.13 (5)
Diploma; GED
81-885.13 (1)
Education
 
Broker
81-885.13 (3)
Salesperson
81-885.13 (2)
Examination
81-885.13 (4)
Experience - Broker
81-885.13 (3)
REVOCATION
81-885.29
RULES AND REGULATIONS
 
Authority
81-885.07 (5)
Continuing Education
81-885.54
SALESPERSON
 
Defined
81-885.01 (6)
Educational Requirements
81-885.13 (2)
Examination Requirement
81-885.13 (4)
Renewal of License
 
Active
81-885.14 (3)
Inactive
81-885.14 (5)
SEMINARS
81-885.07 (6)
SERVICE OF PROCESS
81-885.17 (2)
SUBDIVIDED LAND
 
Approval
 
Annual Fee
81-885.36
Certificate of Registration
81-885.36
Cease and Desist
81-885.39
Certificate
 
Application
81.885.34(1)
Expenses
81.885.35 (1)
Inspection
81.885.35 (1)
Investigation
81.885.35 (1)
Performance Bond
81.885.35 (2)
Service of Process
81-885.35 (3)
Defined
81-885.01 (9)
Exceptions
 
Certain Sales or Leases
81-885.42
Commercial Property
81-885.41
Industrial Property
81-885.41
Failure to Comply
81-885.40
Filing Fee
81-885.34
Interest in Subdivision
81-885.37
Reference to Commission
81-885.38
Unlawful Sale
81-885.33

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SUBDIVIDER; Defined
81-885.01 (12)
SUBDIVISION; Defined
81-885.01 (11)
SUSPENSION
81-885.29
TEAMS
 
Record Keeping
81-885.24(31), (32)
Supervisory Responsibility
81-885.56
Team; Defined
81-885.01(09)
Team Leader; Defined
81-885.01(10)
TERMS; Defined
 
Associate Broker
81-885.01 (3)
Broker
81-885.01 (2)
Broker's Price Opinion
81-885.01 (15)
Commission
81-885.01 (14)
Comparative Market Analysis
81-885.01 (16)
Designated Broker
81-885.01 (4)
Distance Education
81-885.01 (17)
Inactive Broker
81-885.01 (5)
Inactive Salesperson
81-885.01 (7)
Person
81-885.01 (8)
Purchaser
81-885.01 (13)
Real Estate
81-885.01 (1)
Regulatory Jurisdiction
81-885.01 (18)
Salesperson
81-885.01 (6)
Subdivided Land
81-885.01 (11)
Subdivider
81-885.01 (12)
Subdivision
81-885.01 (11)
Team
81-885.01(09)
Team Leader
81-885.01(10)
TRANSFERS
81-885.20 (2), (3)
TRUST ACCOUNTS
 
Branch Office
81-885.21 (5)
Commission or Fee
81-885.24 (35)
Examination
81-885.21 (3)
Exemption
81-885.21 (7)
Failure to Comply
81-885.22
Special Counsel
81-885.23
Multiple Accounts
81-885.21 (4)
Non-Interest Bearing
81-885.21 (1), (6)
Where Maintained
81-885.21 (2)
UNFAIR TRADE PRACTICES
81-885.24(1) - (35)
UNLICENSED PERSONS
 
Cease & Desist Order
81-885.03(2)
Fine
81-885.03(3)
USE OF TERM "EMPLOY"
81-885.48
VIOLATIONS OF ACT
 
Court Action
81-885.43
Unfair Trade Practices
81-885.24 (1) - (30)

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