Nebraska License Law
Nebraska's real estate license law prohibits a licensee from practicing with a lapsed license because:
ALapsed licensees are considered unlicensed and are performing illegal activities
BOnly licensed practitioners may perform real estate activities for compensation
CBoth of the above✓ Correct
DLapsed licenses only affect the broker, not salespersons
Explanation
A licensee with a lapsed license is effectively unlicensed — they are not authorized to perform real estate activities. Performing licensed activities with a lapsed license is illegal and subject to the same penalties as unlicensed practice.
Related Nebraska Nebraska License Law Questions
- Which of the following is TRUE about a Nebraska licensee who is convicted of a felony?
- Nebraska requires a real estate licensee to complete how many hours of continuing education per renewal period?
- The Nebraska Real Estate Commission may issue a cease and desist order to:
- Nebraska's license law requires a broker to maintain records of all real estate transactions for a minimum of:
- A Nebraska real estate license renewal period is:
- Nebraska requires that a real estate broker's trust account be maintained at:
- A Nebraska real estate licensee must disclose their license status when:
- Under the Nebraska Real Estate License Act, a salesperson's license must be held by:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →