NE Real Estate study plan

Classify each estate in land (fee simple absolute, fee simple deterministically, life estate, leasehold) and list the rights each conveys

Distinguish easements, licenses, encroachments, and covenants from ownership interests by writing a one-line test for each

Summarize Nebraska land use controls: zoning, subdivision platting, nonconforming use, and eminent domain

Identify the four essential elements of a valid real estate contract and label them in three sample purchase agreements

Sequence the steps from offer to closing, naming the contingency, deadline, and default remedy attached to each

Explain each contract remedy (specific performance, liquidated damages, rescission, earnest money forfeiture) with one example per remedy

Map the agency relationship types recognized in Nebraska (seller agent, buyer agent, disclosed dual agent, designated broker) and the duties owed under each

Rank fiduciary duties (care, obedience, loyalty, disclosure, confidentiality, accounting) and describe a breach scenario for each

Draft the disclosure language a licensee must give a consumer before an agency relationship begins

Differentiate conventional, FHA, VA, and USDA loans by down payment, occupancy, and underwriting requirements

Calculate principal, interest, PITI, and loan-to-value for three sample transactions

Explain the role of the promissory note versus the mortgage/deed of trust and describe Nebraska's trust deed foreclosure process

List RESPA and TILA disclosure triggers and identify which settlement charges appear on the Loan Estimate versus the Closing Disclosure

Identify predatory lending red flags and the borrower protections that apply

Contrast warranty, special warranty, bargain and sale, and quitclaim deeds by the covenants each carries

Trace the steps required to validly deliver and record a deed, including acknowledgment and recording priority rules

Interpret a chain of title and identify what creates a cloud on title

Compare title insurance owner's and lender's policies and distinguish title search from title commitment

Explain how escrow, proration of taxes, and settlement statement entries reconcile at closing

Apply all three approaches to value (sales comparison, cost, income) to the same sample property

Compute gross rent multiplier, net operating income, and capitalization rate from given figures

Adjust comparable sales for differences in features, time, and location and justify each adjustment

Define market value versus price versus cost and identify the forces that shift supply and demand

Explain the difference between a CMA and an appraisal and identify who may perform each

Outline the Nebraska Real Estate License Act requirements for licensure, renewal, and continuing education

List activities that require a license and those that are exempt

Identify the grounds for disciplinary action and describe the Trust Account rules a broker must follow

Explain commission and compensation rules, including when a licensee may pay or share a commission

Apply fair housing protected classes, advertising rules, and disclosure obligations to five fact patterns

Complete and explain each Nebraska seller's property condition disclosure item and the buyer's rescission window

Identify required disclosures for agency, environmental hazards (lead-based paint, radon, methamphetamine), and stigmatized property

Recognize fair housing violations in advertising, steering, and refusing to show, and state the correct response

Review land use restrictions for their disclosure implications, including HOA covenants and special assessments

Summarize consumer protection obligations for recordkeeping, advertising accuracy, and unlicensed assistant supervision

Take two full-length timed practice exams and record a domain-by-domain score breakdown

Diagnose the two lowest-scoring domains and rework 30 targeted items in each

Recite from memory the key numbers, deadlines, and statutory thresholds surfaced across all eight domains

Build a one-page final review sheet organized by domain that you could study in 20 minutes