Escrow & Title
Nebraska's 'agricultural exemption' from certain real estate licensing activities may allow an agricultural landowner to:
ASell their own farmland without a real estate license✓ Correct
BManage their own farm without paying property taxes
COperate a farm brokerage business without a license
DBypass all environmental regulations on their farmland
Explanation
Nebraska law allows landowners to sell their own property (including farmland) without holding a real estate license, as this is a personal property right — not a licensed brokerage activity performed for others.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
1031 ExchangeA tax-deferred exchange allowing investors to sell one investment property and reinvest proceeds in a like-kind property while deferring capital gains taxes.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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