Final answer:
The chairman of the Nebraska Real Estate Commission, typically the commissioner of the General Land Office, oversees the administration of state-owned lands, including the sale and lease of lands and the exploration for resources such as oil and gas.
Step-by-step explanation:
The chairman of the Nebraska Real Estate Commission has a significant responsibility overseeing the administration of state-owned lands. This position is not solely focused on Nebraska, but generally, the commissioner of the General Land Office serves a four-year term and is tasked with a range of duties related to public land management. As the chairman of the School Land Board and the Veterans' Land Board, this official has the authority over the sale and leasing of state lands, including those with potential for oil, gas, and other mineral exploration.