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REAL ESTATE LICENSE MANUAL

UPDATES

Below are new pages to be used to update your copy of the Nebraska Real Estate License Manual. You may discard the pages replaced. In addition to the changes noted below, technical changes have been made to clarify intent and existing practice, to delete obsolete language, and to correct grammar and punctuation.

Date of Update Section of Manual New Pages Changes Included
January 17, 2013 Policies & Interpretations PI-16 through
PI-18		 First Substantial Contact Policy
November 14, 2013 Title 299 Rules Promulgated under License Act 299/TOC-1 through 299/TOC-4 Updated TOC
November 14, 2013 Title 299 Chapter 7 299/Ch.7-1
through
299/Ch.7-5		 Allow for Broker-Approved Training activities to expire after three years
November 14, 2013 Title 299 Chapter 9 299/Ch.9-1 Allow for Time-Share Exchange Agents to expire after three years
September 26, 2014 Policies & Interpretations PI-18 through PI-20 Use of Unlicensed Employees of Owners of Real Estate
December 23, 2014 Title 299 Chapter 1, 1 299/Ch1-1 Expire the current exemption allowing credit for distance education courses for real estate licensees that have not been certified throught ARELLO effective January 1, 2017
December 23, 2014 Title 299 Chapter 7, 2 299/Ch 7-2 Expire the current exemption allowing credit for distance education courses for real estate licensees that have not been certified throught ARELLO effective January 1, 2017
August 30, 2015 License Act LA-2 &
LA-10		 Change provisions relating to Broker Price Opinion’s and comparative market analyses
August 30, 2015 Carbon Monoxide Safety Act CMSA/TOC
&
CMSA-1 through CMSA-3		 Added the Carbon Monoxide Safety Act
August 30, 2015 Seller Property Disclosure Statement SPCD-1 through SPCD-4 Added information relating to compliance with the Carbon Monoxide Safety Act on disclosure statements for sales of real estate
August 30, 2015 Other Statutory References OSR/TOC
& OSR-1 through OSR-13		 Relating to homestead – provide when acknowledgment is not required

Relating to sanitary and improvements districts – provide additional powers for certain sanitary and improvement districts subject to approval as prescribed; to require acknowledgments to be obtained from purchasers of real estate within sanitary and improvement districts as prescribed
September 2016 License Act TOC1-7 and LA1-25 Updated Table of Contents, and included New Team Legislation
August 2016 Title 299 Ch. 1-1-3
Ch. 7 - 1-5		 Updated Correspondence Courses

Updated Property Management and Distance Education Course Information
October 2015 Policies and Interpretations PL 19-22 Updated - Coming Soon Listings
September 2016 Seller Property Condition Disclosure Statement SPCD 1-3 Updated new form (effective 1/1/2017)
February 2017 Title 299 Ch. 3 - 1-2 Updated: from being the general rule to a reference to the specific retention provisions that follows.
March 2017 Title 299 Ch. 1 - 1-3 Corrects an obsolete reference to statute.
March 2017 Title 299 Ch. 2 - 1-4 Advertising rules for teams and affiliated licensees.
March 2017 Title 299 Ch. 7 - 1-6 Continuing education relating to teams and team leaders
March 2017 License Act
81-885.24 (31-34)		 LA 1-24 Unfair trade practices relating to team supervision and advertising
June 2017 Instructions Instr - 1-6 Agency Disclosure Form Instrutions (July 1, 2017 Amendments)
August 24, 2017 License Act
81-885.13(5)& 81-885.17(4)		 LA1-24 Allows Commission to negotiate background check with fingerprint processing service
August 24, 2017 License Act
81-885.17(3)		 LA1-24 Change verification of Licnsure History
August 24, 2017 License Act
81-885.19		 LA 1-24 Eliminates requirement for paper licenses
August 24, 2017 License Act
81-885.21(7)		 LA 1-24 Removes the sunset on interest bearing trust accounts
August 24, 2017 License Act
81-885.21(6) to 81-885.24 (35)		 LA 1-24 Moves provision regarding advance payment of fees to unfair practices section
September 1, 2017 Policies and Interpretations PL-1-24 Updated-Guidelines for Original Applicants with Criminal Convictions
June 21, 2018 Policies and Interpretations PL-13-24 Updated Use of Unlicensed Persons by Licensee
June 21, 2018 Sample Residential Purchase Agreement   Removed Sample Residential Purchase Agreement
March 6, 2019 Title 299 Ch. 1 -1-3 Change in examination format and elimination of paper licenses
March 6, 2019 Title 299 Ch. 7 -1-6 Change from Broker-approved training to Commission-approved training; removal of annual report for education
March 6, 2019 License Act
81-885.14 & 81-885.17		 LA 1-11 License Fee - Military Exemption
September 1, 2019 License Act
81-885.13		 LA/TOC-1 to LA/TOC-8 and
LA 1-24		 Education Changes reflecting LB 384 Educational Requirements and LB 454 Home Schooling
June 23, 2020 Title 299 299/CH. 3–1 to 299/CH. 3–2 Update maintenance of real estate trust accounts – providing a waiver application, updating procedures in trust account manual and incorporate trust account manual as an appendix to Title 299, Chapter 3.
June 23, 2020 Title 299 299/CH. 7–1 to 299/CH. 7–6 Changed allowable hours for continuing education