Nebraska License Law
A Nebraska licensee is found to have commingled trust funds with personal funds. NREC may:
AIssue a warning only on the first offense
BSuspend or revoke the license✓ Correct
COnly fine the licensee up to $500
DRequire additional education only
Explanation
Commingling of trust funds is a serious violation. NREC may suspend or revoke the license, impose fines, and the licensee may face criminal charges.
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State-Specific Concepts
Trust Account Rules
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