81-885.02. Broker, associate broker, real estate salesperson; license required; exemption.
After September 2, 1973, it shall be unlawful for any person, directly or indirectly, to engage in or conduct, or to advertise or hold himself or herself out as engaging in or conducting the business, or acting in the capacity, of a real estate broker, associate broker, or real estate salesperson within this state without first obtaining a license as such broker, associate broker, or salesperson, as provided in the Nebraska Real Estate License Act, unless he or she is exempted from obtaining a license under section 81-885.04.
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A 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).
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