Official Nebraska Government Website
 
Home Licensee & Applicant Information Search Search Other Jurisdictions for Real Estate Licensee Status Questions/Comments Password & User Name Information Subscriptions Commission Comment Newsletters Commission Meeting Information Commission Members Whats New

WHAT'S NEW!!


August - 2015 - 2015 Legislative Changes

The Nebraska legislature passed a number of bills in 2015 that may affect your licensed practice:

LB34 Carbon Monoxide Safety Act  Requires working carbon monoxide alarms in residential property “that has a fuel-fired heater or appliance, a fireplace, or an attached garage”  Also requires information about compliance with the Carbon Monoxide Safety Act on the Seller Property Condition Disclosure Statement.  Effective Date:  January 1, 2017

LB253 Acknowledgment of Purchase Agreements  Eliminates the requirement that the signature of both spouses on purchase agreement for homestead properties acknowledged before a notary.  Effective Date: August 30, 2015

LB375 BPOs and CMAs for Property Tax Appeals Expands the allowable use of broker price opinions and comparative market analyses to include such opinions rendered for property tax valuation appeal purposes.  Such opinions, if performed for a fee, would require the statutory disclosure language found in §81-885-16(2).  Effective Date: August 30, 2015

LB324 Require Acknowledgements from Purchasers of Property in Sanitary Improvement Districts  Requires the salesperson or broker in listed properties or the owners where there is no agent involved, to get an acknowledgment from the purchaser of property located within a sanitary improvement district that they understand that the property is located in the sanitary improvement district; sanitary and improvement districts are located outside the corporate limits of any municipality; residents of sanitary and improvement districts are not eligible to vote in municipal elections; and owners of property located within sanitary and improvement districts have limited access to services provided by nearby municipalities.   Effective Date: August 30, 2015

 Full text of the above legislation can be found on the Legislature’s website:  http://www.nebraskalegislature.gov/ simply search on the bill number in the upper left hand corner.


June - 2015 - The Nebraska Real Estate Commission Office is Moving

The Nebraska Real Estate Commission Office will be moving from the
current location in The Atrium in Downtown Lincoln to the State Office
Building at 301 Centennial Mall South. The move is anticipated to be completed by mid-June 2015. The specific date of the move will be posted here when it becomes available.


May - 2015 - New Agency Disclosure Forms Approved

The Nebraska Real Estate Commission has approved new agency disclosure forms for use effective May 1, 2015.

The new forms can be found here:

Buyer/Seller Form
Landlord/Tenant Form
Common Law Agency Addendum

Instructions for filling out the Agency Disclosure forms - including option broker information on reverse side of form.

Please note that the laws regarding agency disclosure have not changed, and the agency disclosure form should still be presented at first substantial contact.


January - 2015 - Unlicensed Practice Challenge Dismissed

The Nebraska Real Estate Commission prevailed in its motion to dismiss the federal lawsuit challenging the Commission’s authority to regulate unlicensed brokerage practices.  In 2010 the Nebraska Real Estate Commission sent a cease and desist order to Leslie Rae Young, a California Licensed Broker listing Nebraska Real Estate on Realtor.com.   Young challenged the constitutionality of the unlicensed practice enforcement statutes, including newly adopted provisions allowing the Commission to impose a civil penalty of up to $1000 per day for unlicensed practice, in Federal District Court.  On January 29, 2015, the court issued an opinion upholding the statutes and granting the Commission’s motion to dismiss the lawsuit.  The case is still subject to appeal. 
The full opinion can be found here: http://www.nrec.ne.gov/pdf/misc/LRY%20Memorandum%20and%20Order.pdf


August 2014 - Ann Dover Appointed as New Commissioner

Governor Dave Heineman has announced the appointment of Ann Dover as the Salesperson Member at Large representative on the Nebraska Real Estate Commission.

Dover lives in Norfolk where she works for Coldwell Banker Dover Realtors, she has had over 25 years experience as a salesperson.

Dover has served as a Commissioner on the Nebraska Equal Opportunity Commission and has worked with the Realtors Association at the national, state and local levels.

Dover’s six year appointment is effective on August 29th, 2014. She replaces Kathryn Rouch, whose term expires this year.


New License Application Procedure

Review the "Directions for Efficiently Proceeding Through the Application Process" located on our website at: http://www.nrec.ne.gov/pdf/applicationprocess.pdf


Proposed Rule Amendments

The Commission will be holding a public hearing on changes to the Title 299, Chapters 7 & 9 on September 27, 2013.  The proposed amendments will provide that both the broker-approved training recognition and time-share exchange agent filings expire after 3 years.

Please review the changes located on our website at:

Proposed Rule Amendments


Late renewal option expires July 1, 2013. Please review the late renewal procedures on our website at:  http://www.nrec.ne.gov/licensing-forms/laterenewalprocedures.html


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

The Policy is available on our website under Policies and Interpretations or directly by clicking HERE.


RENEWAL UPDATE

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.

  1. 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
  

  1.  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.

Follow us on Facebook and Twitter

The Nebraska Real Estate Commission is pleased to announce that we now have accounts on both Facebook and Twitter, follow us for all the latest NREC news, Nebraskarealestatecommission on Facebook, and Nerealestatecom on Twitter, click on the icons here to get started.

Like us on Facebook    Follow us on Twitter


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.

A copy of the new form is available by clicking here.


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 -

CLICK HERE FOR IMPORTANT CHANGES STARTING WITH THE 2011-2012 CONTINUING EDUCATION PERIOD!


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 realestate.commission@nebraska.gov
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

Please let us know what you think either by e-mail or on the comments form.


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

Electronic Notification Service:

You can sign up for the latest news and alerts from the Commission by clicking here. The Electronic Notification Service will provide notices of statutory changes and regulatory hearings, scam alerts and other information of importance to the Commission, licensees and public.