Nebraska License Law
Which statement about commission rates in Nebraska is correct?
AThe NREC sets maximum commission rates for all transactions
BCommission rates are fully negotiable between the broker and client✓ Correct
CThe MLS sets minimum commission rates for all member brokers
DA standard commission of 6% is required by law
Explanation
Commission rates in Nebraska are entirely negotiable between the broker and client. There are no legally mandated minimum or maximum rates. Setting rates collectively through the MLS or boards would be an antitrust violation.
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