Many resources are available to help consumers in their real estate choices and in the real estate transaction. Consumers are encouraged to use as many as possible to be fully informed when following one of the biggest purchases of their lives. If you speak to a licensee or if a licensee contacts you, they must provide you with an information brochure describing the relationship of the Agency it offers or gives you, this material should be made available to you as soon as possible during or after the first incoming contact of the licensee. A copy of the Generic Medicines Agency brochure is available at the following address: nrec.nebraska.gov/brokeragerelationshipinfo.html residential real estate purchase contracts generally contain promises and provisions guaranteeing the condition of a property. Many states legally require sellers to deivate explicit information about the condition of a property. In states where this is necessary and where a seller deliberately conceals such information, they may be prosecuted for fraud. The Nebraska sales contract is an integral part of a real estate transaction. This is what legally obliges the seller and buyer to make the terms of a sale. The buyer will usually take the first step by making an offer on the property. The terms of the offer are recorded in this form and submitted to the seller in the hope of being accepted. The owner may then consider whether he accepts the conditions made available or whether he wishes to oppose the proposal with other conditions. Some of the areas that should be covered in the document are the serious money deposit, the final sale price and the expected closing date. Once these issues have been resolved and both parties are satisfied with the written terms, they will be able to close the sale by executing the signature portion of the contract.
If you are considering using the services of a real estate licensee, you can verify the status of their real estate license by accessing information provided by Licensee A and applicants on the Nebraska Real Estate Commission website. This site also tells you if disciplinary action has already been taken against the person`s license. This information is available at: www.nebraska.gov/nrec/licinfodb/index.cgi. Health and Improvement Zone (SID) (p. 31-727.03 (2)) – If the house for sale is inside a SID, the seller is responsible for providing the buyer with the latest statement containing information about the persons in charge of the district administration. 3. Help in determining financial purchasing capacity. If you believe that a real estate licensee has violated the Real Estate Licensing Act or the rules and regulations, you can file claim forms with the Commission that trigger an investigation and may lead to disciplinary action against the real estate licensee`s real estate licensee.