In Nebraska, an appointed Commission member reaches the end of a regular term. Which statement is correct?
Correct Answer
B) A successor is appointed for a six-year term, subject to the statutory term limit
Nebraska appointed Commission members serve statutory six-year terms, with limits stated in §81-885.07. Source basis: Neb. Rev. Stat. §§81-885.07, 81-885.10, and 81-885.24, Nebraska Legislature official statutes; checked 2026-04-30
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Related Topics & Key Terms
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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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