Nebraska Real Estate Exam Practice Questions (2025)

Nebraska's real estate salesperson exam has 110 questions: 80 national and 30 state-specific. You need 70% (77/110) to pass.

National Section Questions

Q1: Under TRID, the Loan Estimate must be delivered to the borrower within how many business days of a mortgage application? A) 1 day B) 2 days C) 3 days D) 5 days Answer: C — TRID requires the Loan Estimate within 3 business days of application.

Q2: A property has an NOI of $42,000 and a cap rate of 7%. What is the estimated value? - Value = $42,000 / 0.07 = $600,000

Q3: Which type of deed offers the LEAST protection to the buyer? A) General warranty deed B) Special warranty deed C) Bargain and sale deed D) Quitclaim deed Answer: D — A quitclaim deed conveys whatever interest the grantor has, with no warranties.

Nebraska-Specific Questions

Q4: The Nebraska Real Estate Commission (NREC) has how many members? A) 5 B) 6 C) 7 D) 9 Answer: B — NREC has 6 members.

Q5: Nebraska real estate license law is found in: A) Nebraska Revised Statutes Chapter 81, Article 8 B) NRS Chapter 76 (Property) C) Nebraska Admin Code Title 299 D) Nebraska Real Estate Practices Act Answer: A — NRS Chapter 81, Article 8 governs real estate licensees in Nebraska.

Q6: Nebraska requires salesperson applicants to complete how many hours of prelicense education? A) 30 B) 60 C) 90 D) 120 Answer: B — Nebraska requires 60 hours of approved prelicense education.

Q7: Nebraska's real estate transfer tax rate is: A) No transfer tax in Nebraska B) $2.25 per $1,000 of consideration C) $1.00 per $1,000 D) 0.5% of sale price Answer: B — Nebraska's documentary stamp tax is $2.25 per $1,000 (or fraction thereof) of consideration.

Q8: Nebraska's Seller's Property Condition Disclosure Statement is required for: A) All real property B) Residential 1-4 unit properties C) Commercial properties D) New construction only Answer: B — Required for 1-4 unit residential sales.

Q9: In Nebraska, a broker must maintain transaction records for: A) 2 years B) 3 years C) 5 years D) 7 years Answer: C — Nebraska requires 5 years of record retention.

Q10: Nebraska's dual agency disclosure must be: A) Verbal at the time of showing B) Written and signed before the dual agency begins C) Filed with NREC D) Disclosed only to the seller Answer: B — Written consent from both parties before the dual agency begins.

Key Nebraska Topics - **NREC**: 6 members; **NRS Chapter 81, Article 8** - **60-hour prelicense**; **5-year record retention** - **Transfer tax**: $2.25 per $1,000 - **Seller's Disclosure**: required for 1-4 unit residential

[Practice Nebraska questions at CARealestate.com/states/nebraska](https://carealestate.com/states/nebraska)