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The Nebraska Real Estate Commission is the state agency responsible for licensing real estate professionals in Nebraska. Real estate licensees are permitted to engage in many activities, including selling, buying and leasing property; appraising properties of others; and conducting title searches on behalf of customers.
The “nebraska real estate license classes online” is a service that allows people to take their Nebraska real estate license courses online. This service is available in many states, and the process of taking these classes can vary depending on the state.
To get a Nebraska real estate license, you must complete 66 hours of Nebraska Real Estate Commission-approved prelicensing coursework (NREC). You’ll also need to fill out an application, undergo a background check, pass your state test, locate a sponsoring brokerage, and get errors and omissions insurance. Grab a hot runza and come along with us as we lead you through the process of becoming a Nebraska real estate agent.
1. Comply with Nebraska’s Legal Requirements to Become a Real Estate Agent
To work as a real estate agent in Nebraska, you must first complete the legal standards set out by the state. You must be at least 19 years old, have a high school diploma or comparable education, and be a legally allowed resident of the United States to apply in Nebraska.
What if I told you that Rather of reciprocal licensing, Nebraska grants licenses “by recognition.” This implies that out-of-state agents in good standing may be eligible for a Nebraska real estate license. A background check, three hours of coursework, an application, an Acknowledgement of Personal Jurisdiction, and an Affidavit are all needed of applicants.
In terms of mobility, Nebraska is also a physical location state. Out-of-state agents and brokers are not permitted to do business in a turf state, either in person or remotely. Working with customers in a turf state is limited to referring them to a turf state licensee. Check out our real estate license reciprocity and portability page for more information about real estate license portability in Nebraska.
You may still be eligible to work as a real estate agent in Nebraska if you have a criminal record. The Commission will consider each application on its own merits, but you may check your eligibility before proceeding with the licensing procedure.
Include the date of the charge and the nature of the charge in a letter or email to the NREC. Indicate the city and state where the offense occurred, as well as whether it was a misdemeanor or felony. You’ll also need a full explanation of the offense, including any jail time, fines, and the duration of probation. If you provide your contact information, the Director will reply to your eligibility request.
Review the NREC website’s frequently asked questions (FAQs) section for further information.
2. Pre-licensing courses must be completed.
After you’ve completed the statutory requirements for obtaining a Nebraska real estate license, you may begin your prelicensing course. Nebraska requires 66 hours of coursework, which includes 30 hours of Nebraska licensing legislation, 30 hours of real estate principles and practices, and six hours of professional conduct and ethical practices development.
Through an approved education provider, you may take these programs in person or online. The following subjects are covered at prices ranging from $299 to $550:
- Having a piece of real estate is a
- Controls and limitations on land use
- Market research and valuation
- Financing
- Agency principles in general
- Disclosures about the property
- Contracts
- Property management and leasing
- Transfer of ownership
- Real estate practice
- Calculations for real estate
- The real estate commission’s responsibilities and powers
- Requirements for obtaining a license
- Licensees’ actions are governed by statutory requirements.
- Land transactions that are subdivided or out-of-state are subject to statutory regulations.
- Securities
- Laws governing fair housing
- Statements of conclusion
Getting started with your license education is easy with Nebraska online real estate schools. Real Estate Express boasts the most affordable online prelicensing courses available in Nebraska. Choose from self-paced bundled packages or individual courses that have interactive tools like instructor Q&A and live exam prep. In addition, use tools like e-books, dictionary, and flashcards to guarantee you’re ready to pass your exam on the first attempt and start a successful real estate career.
Real Estate Express is a website dedicated to real estate.
3. Submit an application for a Nebraska driver’s license.
You’re ready to submit your Nebraska real estate license application after you’ve finished your prelicensing course. Submit a License Application Packet Get Form to request a paper copy of the application, or submit your application online using the NREC web portal.
The application price is $285, which covers the application fee as well as one examination fee. Debit cards will not be accepted, but you may pay with your bank account, American Express, Discover, Visa, or Mastercard straight online. Your application papers must also be submitted to the platform, and they must contain the following:
- Passport-style photograph with just the head and shoulders, at least 22 inches in size, and taken within the past year
- Educational background: a copy of your graduation, GED certificate, or the equivalent from a home school program
- Transcripts or certificates from an educational institution attesting to the completion of 66 hours of schooling.
- Attestation of citizenship: As part of the application, the applicant must certify that he or she is a United States citizen or legally admitted resident (with documentation, if needed)
The NREC will review the application documents in order to prequalify the candidate and tell them whether they have been approved to take the real estate test. Your application will be assessed within 24 to 48 hours, however you may check the progress of your application via the NREC site at any time.
The examination cost is valid until the test is taken, and your application is valid for one year from the date of receipt. If your application has been on file for more than one year, you must submit a new one and reimburse the application cost.
4. Get Fingerprints & Complete Background
You will be provided fingerprint cards to complete the background check report after your application has been completed and lodged with the Commission. The fingerprint cards will come with instructions that must be carefully followed in order to submit both completed cards to the Nebraska State Patrol.
Because criminal records typically take four to six weeks to arrive at the Commission, the NREC suggests starting the fingerprint procedure as soon as feasible. Failure to follow the steps might cause a processing delay.
When the Commission gets the criminal background report, the applicant will receive an email indicating whether they are eligible to take the test or that their application is incomplete and requires further information before they can proceed with licensing.
5. Take the real estate exam in Nebraska.
The Nebraska real estate test has an average pass rate of about 60%. To get your real estate license, you must pass both the national and state parts. The test is computer-based, and you will get your score report shortly after completion. You will get a successful score report if you pass, which you must provide with your application within 30 days.
If you fail one or both parts, you must reapply via the NREC site using the Real Estate Salesperson Retake Application Form. Fortunately, you’ll have three chances to pass the test or six months to pass both parts, whichever comes first. You’ll have to repeat the whole test if you don’t pass both sections in the following three tries or within the six-month term.
Details about the Nebraska Real Estate Exam
Make Your Exam Appointment
The PSI, a national supplier of state licensing tests, administers the Nebraska real estate exam. To begin scheduling, you must first register for a PSI account, which will get you access to the scheduling portal. When scheduling your exam, choose an exam location that is convenient for you.
For more exam information, you will get a copy of the Nebraska Candidate Information Bulletin. The first test will be covered by the $285 application fee. If you need to repeat the test, you will be charged $150.
Consider utilizing an exam prep tool like PrepAgent to ensure you pass the Nebraska real estate licensing test on the first try. PrepAgent offers useful study tools and enables prospective new agents to access their contents for one week to one year. Vocabulary exercises, videos, e-books, and live webinars are among the resources available. Furthermore, their risk-free money-back guarantee ensures complete customer satisfaction.
PrepAgent is a great place to start.
6. Decide the company you want to work for.
You must locate a sponsoring brokerage to affiliate your license in order to keep it active in Nebraska. Check out our in-depth post on how to pick a real estate business to work with to make your decision a little simpler. Although there are numerous successful brokerages in Nebraska, the top five brokerages reported for 2022 are shown below:
(Image courtesy of Real Trends 2022.)
Cities in Nebraska with the Highest Median Sales Price in 2022
As a real estate agent, you must be familiar with pricing points throughout the state as well as in your own market. The commission you’ll be able to earn on each sale is directly determined by the median sales prices. Check out the sales statistics from Towncharts.com below to get a feel of which communities in Nebraska are bringing in the big bucks:
7. Acquire Error & Omissions Insurance
To have an active license, all agents are required to have errors and omissions insurance (E&O). This is used to protect real estate businesses from mistakes made during professional service. An E&O insurance policy is available to all licenses under a group plan through the NREC’s program administrator or can be purchased individually as long as the coverage is equivalent to the plan through the NREC.
Williams Underwriting Group provides the group plan, and you may apply immediately online or through a paper enrollment application. If you decide to acquire your own plan, you must fill out the Certification of Equivalent Coverage form and submit it to the NREC, either online or on paper. In order for the Commission to accept any option, applicants must submit evidence of coverage.
For more information, review the Errors & Omission Insurance Fact Sheet.
8. Get Your Real Estate Career Started
You’re ready to begin your professional real estate career now that you’ve learned how to become a real estate agent in Nebraska. Here are some of our articles with material that is ideal for new real estate agents if you want to learn more:
The “nebraska real estate exam pass rate” is the percentage of people who passed their Nebraska real estate license exam. The state’s average pass rate is 85%.
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