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Real Estate Salesperson Exam — National Portion

Trust money (NE): practice questions

Our Real Estate (National) bank has 3 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Nebraska

How often may the Nebraska commission examine a broker's trust account?

  1. Never, without a court order
  2. Yearly or as directed
  3. Every five years
  4. Only after a sworn complaint
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B. Yearly or as directed — Neb. Rev. Stat. 81-885.21(3).

Question 2 · Nebraska

To whom may interest on a Nebraska interest-bearing trust account go?

  1. The broker, as a fee
  2. Nebraska housing nonprofits
  3. The buyer, at closing
  4. The seller, at closing
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B. Nebraska housing nonprofits — Neb. Rev. Stat. 81-885.21(6).

Question 3 · Nebraska

Where must a Nebraska broker keep the trust account?

  1. Anywhere in the U.S.
  2. Insured Nebraska checking
  3. The broker's office safe
  4. With the title company that closes
Show the answer

B. Insured Nebraska checking — Neb. Rev. Stat. 81-885.21(1).

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