{"id":25017,"date":"2019-02-19T11:38:52","date_gmt":"2019-02-19T17:38:52","guid":{"rendered":"http:\/\/update.legislature.ne.gov\/?p=25017"},"modified":"2019-02-19T15:12:50","modified_gmt":"2019-02-19T21:12:50","slug":"real-estate-license-changes-advance","status":"publish","type":"post","link":"https:\/\/update.legislature.ne.gov\/?p=25017","title":{"rendered":"Real estate license changes advance"},"content":{"rendered":"

Lawmakers gave first-round approval Feb. 19 to a bill that would make changes to education requirements for new real estate licensees in Nebraska.<\/p>\n

\"Sen.
Sen. Lynne Walz<\/figcaption><\/figure>\n

LB384, introduced by Fremont Sen. Lynne Walz, would prohibit an individual with a broker\u2019s license from acting as a designated broker for another licensee unless he or she has taken additional courses post-licensure, including:
\n\u2022 real estate trust accounting;
\n\u2022 brokerage finance;
\n\u2022 business ethics; and
\n\u2022 risk management.<\/p>\n

The Nebraska Real Estate Commission could extend the post-licensure coursework requirement deadline for up to six months under a hardship provision.<\/p>\n

The bill also would require that an applicant for a broker\u2019s or salesperson\u2019s license complete six class hours in a commission-approved course related to professional practice and standards, and 12 hours in an approved real estate knowledge and skills class within 180 days of being issued a license.<\/p>\n

As introduced, LB384 also would have increased from two to five the number of years of experience that a broker\u2019s license applicant must have as a licensed salesperson or broker.<\/p>\n

A Banking, Commerce and Insurance Committee amendment, adopted 31-1, removed that provision.<\/p>\n

Walz said the issues addressed in the bill resulted from a report issued by the National Association of Realtors.<\/p>\n

\u201cOne of the items identified in the report is that the industry has an issue with part-time agents who do not have the necessary training to properly provide services to their clients,\u201d she said. \u201cThis bill is an attempt to remedy that situation here in Nebraska.\u201d<\/p>\n

Bayard Sen. Steve Erdman questioned the need for more education for licensees. He said the state should be removing barriers rather than adding unnecessary requirements.<\/p>\n

\u201cIt appears that this is a way for the real estate people to eliminate some of the competition,\u201d he said. \u201cI think we\u2019re making it more difficult than it needs to be.\u201d<\/p>\n

Walz said the bill is intended to be a consumer protection measure, not a barrier to individuals who wish to enter the real estate profession. She cited instances of new agents failing to complete necessary paperwork during real estate transactions and other problems.<\/p>\n

\u201cBuyers and sellers should be able to put their trust in a realtor who is educated and who is well informed,\u201d Walz said.<\/p>\n

Senators advanced the bill to select file on a 33-1 vote.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lawmakers gave first-round approval Feb. 19 to a bill that would make changes to the education requirements for new real estate licensees in Nebraska.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[182],"class_list":["post-25017","post","type-post","status-publish","format-standard","hentry","category-banking-commerce-and-insurance","tag-sen-lynne-walz"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/25017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25017"}],"version-history":[{"count":5,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/25017\/revisions"}],"predecessor-version":[{"id":25022,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/25017\/revisions\/25022"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}