Nebraska real estate salesperson license: 60 hours
Nebraska real estate broker license: 180 hours (or 120 hours with two years of full-time salesperson experience)
Nebraska State Reciprocity:
Under the Nebraska Real Estate License Act, people who hold a current real estate license in good standing in another real estate regulatory jurisdiction which is his/her jurisdiction of primary residence, may be issued an equivalent real estate license in Nebraska either while remaining a non-resident of Nebraska or upon moving to Nebraska directly from the jurisdiction in which the real estate license is held. Because this is allowed in this statute, Nebraska doesn’t rely on reciprocal agreements with various jurisdictions to recognize licenses from there. Therefore, this is referred to as License by Recognition rather than Reciprocal Licensing.
Nebraska Real Estate Continuing Education (CE) and License Renewal Requirements:
Real estate professionals in Nebraska must renew their real estate licenses by November 30 every two years
By that date, licensees must complete 18 hours of real estate CE. Of these, 12 hours must be elective classes and 6 hours must be core continuing education classes.
Continuing Education Credit will not be granted when activities or substantial activity content is duplicated within 4 years. Core “designated R” courses, are the exception to this rule.
Nebraska Appraisal License Requirements
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Nebraska Real Property Appraiser Board. The information provided below can be found on the Board’s website. However, we recommend you contact the Board for more detailed information and for any changes which may have occurred.
Nebraska Appraisal Licensure Levels:
Trainee Real Property Appraiser
Licensed Residential Real Property Appraiser
Certified Residential Real Property Appraiser
Certified General Real Property Appraiser
Nebraska Appraisal Licensure Requirements:
Must be at least 18 years of age
Must have a high school diploma or its equivalent
Must meet the educational requirement for the applying level of licensure
Must meet the experience requirement for the applying level of licensure
For Certified Residential level: A minimum of an Associates Degree OR 21 college semester hours in specific subject matters is also required
For Certified General level: A minimum of a Bachelors Degree OR 30 college semester hours in specific subject matters is also required
Satisfactory completion of the state examination (Trainee Real Property Appraisers are not required to take a state exam)
Submit application, required documents, and associated fees
Nebraska Appraisal Education Requirements:
75 hours for the Trainee Real Property Appraiser which consist of the following courses: Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), 15 Hour National USPAP Course or its equivalent (15 hours)
150 hours for the Licensed Residential Real Property Appraiser which include the same hour requirement as the Trainee Real Property Appraiser level AND: Residential Market Analysis and Highest and Best Use (15 hours), Residential Appraiser Site Valuation and Cost Approach (15 hours), Residential Report Writing and Case Studies (15 Hours), Residential Sales Comparison and Income Approach (30 hours)
200 Hours for the Certified Residential Real Property Appraiser which consist of the same 150 hours of Licensed Residential Real Property Appraiser education AND: Statistics, Modeling and Finance (15 hours), Advanced Residential Application and Case Studies (15 hours), Appraisal Subject Matter Electives (20 hours)
300 hours for the Certified General Real Property Appraiser which includes the same 200 hours for the Certified Residential Appraiser education AND: Income Property Appraisal (60 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours)
Trainee Real Property Appraiser – No experience required
Licensed Residential Real Property Appraiser – 2000 hours in no less than 12 months
Certified Residential Real Property Appraiser – 2500 hours in no less than 24 months
Certified General Real Property Appraiser – 3000 hours in no less than 30 months with at least 1500 hours of experience in nonresidential appraisals