Nebraska Salesperson Exam Prep Edge Nebraska Practice Real Estate Exam Questions

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Below are free Nebraska real estate practice exam questions that will closely resemble your licensing exam. Review these questions and see what you know! The answers are provided beneath the question set.

1. Which physical characteristic of land addresses the concept that land isn't interchangeable and one piece of land isn't exactly like another?

  1. Immobility
  2. Indestructibility
  3. Permanence of investment
  4. Uniqueness

2. A buyer has a 15-year, $250,000 loan with a 5.5% interest rate. How much of the first monthly payment is interest?

  1. $1,145.83
  2. $13,750.28
  3. $1,388.89
  4. $916.67

3. Your buyer client Gwen wants to learn as much as she can and asks a lot of questions. Which of the following of Gwen's questions could you answer while staying within your scope of expertise?

  1. Do the wood shavings outside the basement window mean there are termites in the home?
  2. Is the mold in the basement the dangerous kind?
  3. What are the property taxes for this property?
  4. Will an investment in this property lower my income taxes?

4. Almanzo is buying a horse farm for $695,000 and put down 15% in earnest money. His closing costs and down payment total $139,000. How much will he need to bring to closing?

  1. $20,850
  2. $29,750
  3. $34,750
  4. $39,000

5. Duke’s client has asked him for advice on a legal matter. Based on the duty of reasonable skill and care, what should Duke do?

  1. Give the client the best advice he can based on personal experience.
  2. Refer his client to an attorney.
  3. Research the question online and give his client advice based on what he finds.
  4. Talk to an attorney and relay the information to his client.

6. Janice wanted to sell her townhome, and her neighbor was considering buying it. She wanted to put it on the market while she waited to find out if her neighbor was going to buy. In order to receive the best possible representation but avoid paying a commission if her neighbor buys the property, which type of listing agreement would best suit Janice's needs?

  1. "Exclusive agency
  2. Exclusive right to sell
  3. Net
  4. Open

7. Related to reasonable accommodation of being allowed to have an assistance animal, which statement is true?

  1. If the disability for which the tenant is making the request is obvious, the landlord may not ask why it is needed.
  2. If the disability is not obvious, the tenant must provide the landlord with full medical records to support the request.
  3. The landlord is not obligated to consider the request unless the tenant can produce either the original or a certified true copy of the animal's service certification.
  4. The landlord must consider the request but may require an additional ""pet"security deposit.

8. Gene, a real estate licensee, prefers to use electronic documents and signatures because it means he doesn't have to track people down to deliver documents or have them signed. Which of these statements is true?

  1. Brokerage firms can require that clients accept the use of electronic documents and signatures.
  2. Licensees can require clients to accept the use of electronic documents and signatures.
  3. Parties to the contract decide whether or not to accept the use of electronic signatures and documents.
  4. Some states require the use of electronic documents and signatures in real estate transactions.
Answers: 1. D, 2. A, 3. C, 4. C, 5. B, 6. A, 7. A, 8. C

 

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