Our Exam Prep Seminar helps prepare students for the salesperson and broker exam. The salesperson exam is a multiple choice exam and consists of two sections. The state portion contains 50 questions covering Nebraska license law and rules and regulations. The national portion is comprised of 100 questions based upon six content areas: Listing Property, Selling Property, Property Management, Settlement/Transfer, Financing, and Professional Responsibility. Approximately 10% of the questions require mathematical calculations.
SALESPERSON’S EXAM: To pass the salesperson’s licensing exam, students must earn a score of 75% on the state portion and 70% on the national portion. Effective February 6, 2013, candidates taking the salesperson licensing exam who pass one section of the exam (state or national) but not the other will be allowed to retain credit for the section they passed and will be required to pass only the section they did not pass so long as they pass that failed section within three additional tries or six months, whichever comes first. If they cannot pass the failed section within three tries or six months, they will begin a new cycle for passing the exam.
BROKER’S EXAM: The broker’s exam consists of 75 multiple-choice questions (25 from the state pool and 50 from the national pool) plus eight simulation exercises. On the simulation exercises broker candidates will be graded on their information gathering skills and decision making skills. Students need to achieve a passing grade on all three scores (multiple choice, information gathering, and decision making) to pass the broker examination. To fail one section is to fail the entire exam and it will need to be retaken.