Nebraska License Law
Which of the following is grounds for the Nebraska Real Estate Commission to revoke or suspend a real estate license?
AFailure to close a transaction
BCommingling client funds with the licensee's personal funds✓ Correct
CRepresenting a buyer and seller in the same transaction with consent
DReferring a client to a mortgage lender
Explanation
Commingling — mixing client/trust funds with personal or operating funds — is a serious violation of Nebraska license law and can result in suspension or revocation of a license.
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