The Nebraska Real Estate Commission Meeting originally scheduled for Thursday February 21, 2013 has been cancelled due to weather conditions. The Agenda items for the February Meeting will be taken up at the March Meeting.
First Substantial Contact Policy and Interpretation- Adopted January 17, 2013
PLEASE REMEMBER THAT ALL LICENSEES SHOULD CHECK THE EXPIRATION DATE OF THEIR ERRORS AND OMISSIONS INSURANCE WHETHER OR NOT THEIR REAL ESTATE LICENSE EXPIRES THIS YEAR. LICENSES MAY NOT BE HELD ON ACTIVE STATUS WITHOUT PROOF OF CURRENT INSURANCE COVERAGE IN THE COMMISSION OFFICE.
- Information relative to the Commission-offered Errors and Omissions Insurance from RISC is available at: http://www.risceo.com/Nebraska/ne_home.htm.
BRANCH OFFICE LICENSES EXPIRE EVERY YEAR
- Designated Brokers: If you received a blue renewal postcard but you are not due to renew your broker license this year, it was sent to remind you to renew your branch office. Unfortunately, it did not contain any mention of branch renewal, all branches you intend to use in 2013 need to be renewed by December 31st, 2012, whether your license renewal is due this year or not.
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June 2012 -Seller Property Condition Disclosure Statement Effective July 1
The newly adopted Seller Property Condition Disclosure Statement (“SPCD”) has been approved by the Commission and adopted through the rule and regulation process. It goes into effect on July 1, 2012.
The form is of course to be filled out by the Seller, but licensees frequently provide the form so they need to be aware of the changes.
Seller’s filling out the form on or before June 30, 2012 should use the old form, seller’s filling out the form on or after July 1, 2012 should use the new form. If the seller becomes aware that information contained on the old form is no longer accurate after July 1, 2012, and they need to amend the statement, they should be advised to use the new form and fill it out so that it is complete and accurate to the best of the seller’s knowledge. A seller may provide the old form on a closing after July 1, as long as the form was filled out before July 1, and the information is still complete and accurate at the time of closing.
June 2012 - No BPOs and CMAs for Property Tax Appeals
Licensees are often asked to do Broker Price Opinions (“BPOs”) or Comparative Market Analysis (“CMAs”) for property tax assessment appeal purposes. BPOs and CMAs are for the assistance of buyers and sellers in marketing properties, and licensees should not complete them for tax protest purposes. The exemptions in the Real Property Appraiser Act for valuations for real estate tax purposes does not apply to real estate licensees.
May 2012 - Herbert Freeman Appointed as New Commissioner
Governor Dave Heineman has announced the appointment of Herbert Freeman as the Second Congressional District Broker Representative on the Nebraska Real Estate Commission. Mr. Freeman worked as an English instructor both at the high school and college levels before receiving his salesperson’s license in 1972 and his broker’s license in 1973. Mr. Freeman has his Masters degree in business administration from the University of Nebraska and currently works as Chief Operations Officer for NP Dodge Real Estate Sales, Inc., and he is Director of Builder Services and the designated broker for NP Dodge VII, L.L.C. in Omaha.
Freeman’s six year appointment is effective on August 29th, 2012. He replaces Vince Leisey, whose term expires this year.
February 2012 - Proposed Amendments to the Nebraska Real Estate Commission Rules and Regulations
Information on the proposed amendments and notice of Rule and Regulation Hearing is located on our website at: http://www.nrec.ne.gov/legal/2012proposedruleamend.html
January 2012 - Broker-Approved Training
Please see information for all licensees as well as information for those considering becoming Providers of broker-approved training activities on our website at: http://www.nrec.ne.gov/licensing-forms/educationinfo.html
Don't miss the questions most frequently asked on this subject and their answers, also found on the website at: http://www.nrec.ne.gov/additional-links/faqbrokertraining.html
August 26 - Asset Management Changes Effective August 27
LB25 changes provisions regarding obligations of licensees when dealing with asset management companies effective August 27, 2011. For more information see the last page of the Summer 2011 Commission Comment.
You may also read the legislation at: http://www.unicam.state.ne.us/FloorDocs/Current/PDF/Slip/LB25.pdf
August 25, 2011 - Commissioner Rita Griess Retires
Commissioner Rita Griess has completed her six year term on the Nebraska Real Estate Commission. Commissioner Griess was the broker representative from the First Congressional District, and put her 25 years of real estate experience to good use on the Commission. Griess will continue her practice of real estate in Lincoln.
August 4, 2011 - Drew Stange Appointed as New Commissioner
Governor Dave Heineman has announced the appointment of Drew Stange as the First Congressional District Broker Representative on the Nebraska Real Estate Commission. Mr. Stange received his salesperson’s license in 1992 and his broker’s license in 1996. He is the designated broker for NAI FMA Realty in Lincoln. Mr. Stange is a lifelong Lincoln resident, where he lives with his wife Holly and has two children, he is also active in many charitable and philanthropic organizations in the community.
His six year appointment is effective on August 29th, he replaces Rita Griess, whose term expires this year.
June 2011 - Proposed Amendments to the Nebraska Real Estate Commission Rules and Regulations
Information on the proposed amendments and notice of Rule and Regulation Hearing is located on our website at: http://www.nrec.ne.gov/legal/2011proposedruleamend.html
May 2011 -
January 2011 -
Commission Legislation 2011
LB23 - Change renewal and fee provisions of the Nebraska Real Estate License Act
LB24 - Provide training requirements under the Nebraska Real Estate License Act
LB25 - Provide exemptions relating to real property for asset management companies
September 29, 2010 -
FORGOT YOUR PASSWORD?
Many filings with the Commission can be filed online using the licensee's username and password. If you lost your password or want to change your password, please review the Password and Username Information .
September 15, 2010 -
License Manual Update - A paper copy has been sent to all designated brokers and branch managers. Affiliated licensees have been notified via postcard that the updates are available on the website at: www.nrec.ne.gov/legal/2010licensemanualupdate.html
or they may request a paper copy, free of charge, by contacting our office either by phone at (402) 471-2004 or E-mail your request to email@example.com
Please provide your Name, Address, City, State, and Zip code.
August 27, 2010 -
Governor Heineman has appointed Alvin A. Avery to be the broker representative from the Third Congressional District on the Nebraska Real Estate Commission. Avery is a branch manager for Woods Brothers Realty in Grand Island, and has had his real estate license since 1987. Avery has been appointed to a six year term on the seven member Commission, and will be sworn in and offcially begin his duties at the September 30th Commission meeting.
August 25, 2010 -
Commissioner Wes Grady has completed his six year term on the Nebraska Real Estate Commission. Commissioner Grady was the broker representative from the Third Congressional District, and put his 40 years of real estate experience to good use on the Commission. Grady will continue his practice of real estate as a broker in North Platte.
August 2, 2010 -
The Commission's new website design was revealed. Please note that the new website address is www.nrec.ne.gov
August 2, 2010 -
The Commission began taking Discover credit card payments in addition to the Visa and MasterCard payments already accepted.
Help Stop Mortgage Fraud:
Please review the information located at: http://www.stopfraud.gov/protect-mortgage.html
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