| Number of Members: | 7 |
| Who Appoints: | Governor, Secretary of State Permanent Chair |
| Legislative Approval: | No |
| Qualifications of Members: | 81-885.07 (1) There is hereby created the State Real Estate Commission which shall consist of the Secretary of State, who shall be chairperson of the commission, and six members appointed by the Governor. Three of the members of the commission appointed by the Governor shall be active and licensed real estate brokers who have engaged in the real estate business as brokers or associate brokers for not less than five years, which members shall be appointed by the Governor, one from each of the three congressional districts as the districts were constituted on January 1, 2006. The remaining members shall be appointed at large, one of whom shall be representative of the public, one of whom shall be a licensed real estate salesperson who has engaged in the real estate business as a salesperson for not less than three years, and one of whom shall be an active and licensed real estate broker who has engaged in the real estate business as a broker or associate broker for not less than five years. The member representing the former congressional district 1 on July 14, 2006, shall represent congressional district 1 for the balance of his or her term. The member representing the former congressional district 2 on July 14, 2006, shall represent congressional district 2 for the balance of his or her term. The member representing the former congressional district 3 on July 14, 2006, shall become an at-large member for the balance of his or her term. The member representing the former congressional district 4 on July 14, 2006, shall represent congressional district 3 for the balance of his or her term. |
| Per Diem: | Yes |
| Expense Reimbursement: | Yes |
| Term Length: | 6 years |
| Terms Rotate or Expire at Once: | Terms Rotate |
| Government Certificates Issued: | 3679 |
| Issued Certificate Descriptions: | Total number of sales and broker licenses issued in the last five fiscal years, Broker and Sales Breakdown , Broker 529, Sales 3,150 |
| Government Certificates Revoked: | 2 |
| Revoked Certificate Descriptions: | Licenses permanently revoked for violation of the License Act |
| Government Certificates Denied: | 15 |
| Denied Certificate Descriptions: | The number above is for 2021 and 2022 only, these were manually counted. Applicants who have a criminal history which may disqualify them under the License Act appear before the Commission for an informal special appearance for review. In the two years we had approximately 300 (estimated) applications with some kind of criminal history, of the 300 35 rose to the level of possible disqualification for license under the statute and came in for a special appearance, of the 35 that came in 35 were denied for recent felonies and or a persistent pattern of violations that showed no signs of abating. |
| Government Certificates Penalties Against: | 76 |
| Penalty Certificate Descriptions: | Number of disciplinary actions resulting in a finding of violation in the last five years. Disciplinary action can result from an order pursuant to hearing in front of the Commission or a consent decree approved by the Commission. Disciplinary orders include suspension, probation, fines, censures, ordered education or some combination thereof. |
| Explanation of Effectiveness: | https://nebraskalegislature.gov/pdf/SurveyDocs/explanation1695855345.pdf |
| Potential Harm | Real estate licensees assist buyers and sellers with complicated transactions involving the largest amount of money many will commit in their lives, The agent assists the buyers and sellers in assuring the proper paperwork is created and supplied for closing, how to fill out the purchase contract, how to order inspections and meet contract contingencies, how to qualify for and obtain financing of a purchase. The risk of having untrained people assist with these tasks include unscrupulous parties using personal and financial information to steal money, not having the proper paperwork filled out for closings, and not having proper inspections done and getting a property with defects and not what the buyer wanted. |
| Regulation Comparison: | https://nebraskalegislature.gov/pdf/SurveyDocs/comparison1695855345.pdf |
| Subject to Regulations of Act(LB407): | No |