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Nebraska Legislative Bills

2 legislative bills tracked for real estate wholesalers & investors

High Risk

Last synced: 23h ago

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LB187Passed High Risk

Change provisions of the Nebraska Real Estate License Act

Summary

  • LB187 modifies certain provisions of the Nebraska Real Estate License Act, potentially affecting the requirements for real estate transactions and the licensing of individuals involved in these transactions
  • The bill aims to clarify the roles and responsibilities of real estate professionals in Nebraska

What This Means for Wholesalers

  • This bill may require wholesalers to obtain a real estate license if their activities fall under the newly defined provisions of the Act
  • As a result, wholesalers could face legal challenges if they continue to operate without a license, impacting their ability to assign contracts legally
license required
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LB810Failed / Dead Low Risk

Provide for a deputy director and eliminate notice requirements for cease and desist orders under the Nebraska Real Estate License Act

Summary

  • LB810 aimed to create a deputy director position within the Nebraska Real Estate License Act and remove the requirement for notice before issuing cease and desist orders
  • However, the bill has been indefinitely postponed and will not be enacted

What This Means for Wholesalers

  • Since the bill is dead, there will be no changes to the current regulations affecting wholesalers in Nebraska
  • Wholesalers will continue to operate under existing laws without the proposed modifications regarding cease and desist orders
other
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Data sourced from state legislatures via LegiScan. Not legal advice. Always consult a licensed real estate attorney in your jurisdiction.