Nebraska License Law
The Nebraska Real Estate Commission may issue a cease and desist order to:
AA licensed broker in good standing for charging high commissions
BAn unlicensed person performing activities that require a real estate license✓ Correct
CAny seller who refuses to pay a commission
DA title company that delays closing
Explanation
The NREC can issue cease and desist orders to persons engaging in real estate activities without a license, preventing them from continuing the unlawful conduct pending investigation.
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Key Terms to Know
Title Insurance
Insurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Math Concepts
State-Specific Concepts
License Law
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