81-885.02 Broker, associate broker, real estate salesperson; license required; exemption. - Nebraska Statutes

81-885.02. Broker, associate broker, realestate salesperson; license required; exemption.After September2, 1973, it shall be unlawful for any person, directly or indirectly, to engagein or conduct, or to advertise or hold himself or herself out as engagingin or conducting the business, or acting in the capacity, of a real estatebroker, associate broker, or real estate salesperson within this state withoutfirst obtaining a license as such broker, associate broker, or salesperson,as provided in theNebraska Real Estate License Act, unless he or she is exemptedfrom obtaining a license under section 81-885.04. SourceLaws 1973, LB 68, § 2; Laws 1983, LB 182, § 2; Laws 2009, LB30, § 2.AnnotationsA promissory note given by a vendor to a real estate broker in payment for a commission is enforceable even if, at the time of the sale, the broker was not properly licensed. Peterson and Vogt v. Livingston, 206 Neb. 753, 295 N.W.2d 106 (1980).