Nebraska License Law
Which of the following individuals is EXEMPT from Nebraska real estate licensing requirements?
AA property manager who leases apartments for a fee
BA person acting as an attorney in fact under a duly executed power of attorney✓ Correct
CA broker who lists agricultural land
DA buyer's agent who represents investors
Explanation
A person acting under a properly executed power of attorney on behalf of the property owner is exempt from licensing requirements because they are legally acting as the principal, not as a third-party licensee.
Related Nebraska Nebraska License Law Questions
- Nebraska law requires a broker to promptly account for and remit to the proper parties all money or property received in a real estate transaction. 'Promptly' typically means:
- Nebraska requires all real estate license applicants to submit to a criminal background check because:
- A Nebraska licensee acts as an agent for a buyer and also earns a fee from the seller. This arrangement:
- The primary purpose of an NREC investigation into a licensee is to:
- A Nebraska licensee who receives a license suspension must stop all licensed activities during the suspension period. If they continue to practice, they:
- A Nebraska broker's license is automatically suspended if the broker:
- A Nebraska real estate team that markets under a team name (e.g., 'The Smith Team') must ensure that all team advertising:
- A Nebraska real estate licensee who performs licensed activities without a valid Nebraska license is engaging in:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →