A Nebraska salesperson is asked about an apartment resident manager leases units while living on the premises as part of employment. What is the best answer?
Correct Answer
A) The License Act contains an exemption for a qualifying resident manager of an apartment building, duplex, apartment complex, or court
Nebraska exempts certain resident managers who live on the premises and lease property in connection with employment. Source basis: Neb. Rev. Stat. §§81-885.03, 81-885.04, 81-885.13, and Nebraska Real Estate Commission licensing information; checked 2026-04-30
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Related Topics & Key Terms
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Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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