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Real Estate Salesperson Exam — National Portion

Agency (NE): practice questions

Our Real Estate (National) bank has 12 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Nebraska

Is a Nebraska client liable for their limited agent's misrepresentation?

  1. Always, for anything the agent says
  2. Only if they knew or should have
  3. Only for sellers
  4. Only up to $5,000
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B. Only if they knew or should have — Neb. Rev. Stat. 76-2426(1).

Question 2 · Nebraska

Which may a Nebraska dual agent NOT disclose without written consent?

  1. Known adverse material facts
  2. A buyer's willingness to pay more
  3. The property address and lot size
  4. The list price
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B. A buyer's willingness to pay more — Neb. Rev. Stat. 76-2419(4)(a).

Question 3 · Nebraska

In Nebraska, how is a licensee treated by default without a written agency agreement?

  1. As the seller's agent
  2. A buyer's limited agent
  3. As a dual agent
  4. As a transaction broker
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B. A buyer's limited agent — Neb. Rev. Stat. 76-2416(2).

Question 4 · Nebraska

What must a Nebraska seller agency agreement include?

  1. An automatic yearly renewal
  2. A fixed expiration date
  3. A 6% commission rate
  4. The buyer's name and address
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B. A fixed expiration date — Neb. Rev. Stat. 76-2422(2).

Question 5 · Nebraska

How must a Nebraska seller's agent disclose known adverse material facts to buyers?

  1. Orally
  2. In writing
  3. Only if asked
  4. After closing
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B. In writing — Neb. Rev. Stat. 76-2417(3)(a).

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