Neb. Rev. Stat. § 81-885.50

As used in sections 81-885.49 to 81-885.54 , unless the context otherwise requires: (1) Commission shall mean the State Real Estate Commission; (2) Licensee shall mean a natural person who is licensed by the commission as a real estate broker or salesperson; and (3) Two-year period shall mean twenty-four months commencing on January 1 following either the date of licensing of the real estate broker or salesperson or March 8, 1985, whichever is later, and each succeeding twenty-four-month period.