Next, it's time to choose a sponsoring broker and obtain Errors & Omissions insurance. Both steps are required by the NREC.
Choosing Your Broker
Licensed Nebraska Salespersons must work with a licensed broker by law. It's important to find the right broker to work with, since this person will serve as your mentor as you start your new career in real estate. Plus, you’ll need to provide NREC with your broker’s information to activate your real estate license
Here are some valuable questions to consider as you evaluate brokerages to join:
What is the broker's reputation both locally and nationally?
What kind of real estate agents are they looking for?
Are they technologically advanced and up-to-date with the latest systems?
How do they support their agents with ongoing education and training?
What kind of commission structure does the broker offer?
Do they offer benefits?
Do they provide their agents with leads and marketing materials?
Is there room to grow within the brokerage?
Obtaining Errors & Omissions Insurance
Nebraska salespersons are also required to obtain and submit proof of Errors & Omissions (E&O) insurance to the NREC. Real estate E&O insurance provides essential protection for agents and brokers against mistakes, oversights, or negligence during property transactions. This coverage is crucial for safeguarding your real estate career and business from potential liabilities.
Learn more about obtaining E&O insurance in the NREC E&O Insurance Fact Sheet.