A Nebraska salesperson is asked about a buyer offers a promissory note or other non-immediately-cashable item as earnest money. What is the best answer?
Correct Answer
D) The licensee must communicate that fact to the seller before acceptance and show it in the earnest-money receipt section of the offer
Nebraska trust-account guidance requires disclosure when earnest money is other than cash or an immediately cashable check. Source basis: Neb. Rev. Stat. §81-885.24 and Nebraska Real Estate Commission Trust Account Manual guidance; checked 2026-04-30
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
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