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Nebraska Legislative Bills

3 legislative bills tracked for real estate wholesalers & investors

High Risk

Last synced: 4h 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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LB892Enacted — In ForceIn force since Jul 21, 2022 High Risk

Change provisions of the Nebraska Real Estate License Act

Summary

  • LB892 modifies certain provisions of the Nebraska Real Estate License Act, likely updating regulations regarding real estate transactions and licensing requirements
  • The bill aims to enhance the oversight and professionalism within the real estate industry in Nebraska

What This Means for Wholesalers

  • This bill may impose stricter licensing requirements on wholesalers, potentially requiring them to obtain a real estate license to legally assign contracts
  • Wholesalers operating without a license could face legal repercussions, impacting their ability to conduct business
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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