Key Takeaways
- The Nebraska Real Estate Commission (NREC) regulates real estate licensees under the Nebraska Real Estate License Act
- NREC consists of seven members: the Secretary of State (chairperson) and six Governor-appointed members
- Three broker members must represent Nebraska's three congressional districts; remaining members include a public member, salesperson member, and broker at large
- NREC has authority to investigate complaints, conduct audits, and take disciplinary action including license suspension or revocation
- Nebraska requires 66 hours of pre-license education for salesperson applicants (increasing to 90 hours effective January 1, 2026)
Nebraska Real Estate Commission (NREC)
The Nebraska Real Estate Commission (NREC) is the state agency responsible for licensing, regulating, and overseeing real estate professionals in Nebraska under the Nebraska Real Estate License Act.
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NREC Structure and Authority
Commission Members
NREC consists of seven members:
| Member Type | Number | Requirements |
|---|---|---|
| Secretary of State (Chairperson) | 1 | Serves as chairperson of the commission |
| Broker members (congressional districts) | 3 | Active brokers for 5+ years, one from each congressional district |
| Broker member at large | 1 | Active broker for 5+ years |
| Salesperson member at large | 1 | Licensed salesperson for 3+ years |
| Public member at large | 1 | Not licensed in real estate |
Members serve six-year staggered terms and are appointed by the Governor.
Key NREC Functions
| Function | Description |
|---|---|
| Licensing | Process applications, approve education providers, issue licenses |
| Education | Set education requirements, approve courses and schools |
| Enforcement | Investigate complaints, conduct trust account audits |
| Discipline | Suspend, revoke, or deny licenses; impose fines and probation |
| Registration | Register subdivisions, timeshares, membership campgrounds, retirement communities |
Nebraska Real Estate License Act
The Nebraska Real Estate License Act is the primary statute governing real estate licensing in Nebraska. Key provisions include:
- Who must be licensed - Definitions of broker and salesperson activities
- Exemptions - Attorneys, property owners, certain employees
- Prohibited conduct - Actions that violate the law
- Disciplinary actions - Grounds for suspension or revocation
- Trust fund handling - Requirements for client funds
NREC Administrative Rules
NREC adopts administrative rules and regulations that implement the License Act. These rules cover:
- License application procedures
- Education requirements and course approval
- Advertising standards
- Trust account requirements
- Agency disclosure procedures
Exam Tip: The Commission office is maintained in Lincoln, Nebraska. NREC meets approximately once a month to review licensing, education, disciplinary, and other policy matters.
NREC Authority and Powers
The Nebraska Real Estate Commission has broad authority to regulate real estate licensees:
Investigative Powers
| Power | Description |
|---|---|
| Complaint investigation | Investigate complaints from consumers and other licensees |
| Trust account audits | Audit broker trust accounts at any time |
| Subpoena power | Issue subpoenas for hearings |
| Evidence gathering | Collect documents, conduct interviews |
Disciplinary Powers
NREC may impose various sanctions for violations:
| Action | Description |
|---|---|
| Probation | Conditional license with restrictions |
| Suspension | Temporary loss of license |
| Revocation | Permanent loss of license |
| Reprimand | Formal warning |
| Civil fine | Monetary penalty |
NREC Contact Information
| Resource | Information |
|---|---|
| Website | nrec.nebraska.gov |
| Main Office | 301 Centennial Mall South, Lincoln, NE |
| Mailing | P.O. Box 94667, Lincoln, NE 68509-4667 |
| Phone | (402) 471-2004 |
Key Point: As of January 1, 2025, Joe Gehrki serves as the Director of the Nebraska Real Estate Commission.
How many members serve on the Nebraska Real Estate Commission?
Who serves as the chairperson of the Nebraska Real Estate Commission?