Nebraska Agency
Practice Questions & Answers (2026)
Agency law is one of the most tested subjects on the Nebraska real estate exam, and it's also one of the most misunderstood. The Nebraska Real Estate Commission expects licensees to understand the legal duties owed to clients vs. customers, and the specific timing of required disclosures under Nebraska law. Study these questions carefully — candidates who rely on national agency frameworks and don't account for NE-specific rules are among the most common failures on the state portion.
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Nebraska Agency — Practice Questions & Answers
147 questions on Agency from the Nebraska real estate question bank. First 10 are free — sign up to unlock all 147.
Q1. In Nebraska, a licensee must provide the 'Disclosure of Brokerage Relationships' form:
Explanation
Nebraska requires licensees to provide the agency disclosure form at the first substantial contact to inform consumers of the agency relationships available to them.
Q2. A buyer's agent in Nebraska owes which duty to the buyer client?
Explanation
A buyer's agent owes fiduciary duties to the buyer including loyalty, obedience, disclosure, confidentiality, accounting, and reasonable skill and care (often remembered as OLDCAR or similar mnemonics).
Q3. Under Nebraska agency law, when a licensee acts as a transaction broker, the licensee:
Explanation
A transaction broker (also called a facilitator) assists both parties in completing the transaction without representing either as an agent, meaning full fiduciary duties do not apply.
Q4. Undisclosed dual agency is illegal because it:
Explanation
Dual agency without disclosure and consent is illegal because it creates an inherent conflict of interest — the agent cannot fully serve the best interests of both buyer and seller at the same time.
Q5. An agent working under a listing agreement has the authority to:
Explanation
A listing agent's authority under a typical listing agreement is to market the property and present offers. The agent does not have authority to accept, reject, or modify terms without the seller's direction.
Q6. An agency relationship can be terminated by:
Explanation
An agency relationship may be terminated by mutual consent, expiration of the contract term, completion of the purpose, or by operation of law (e.g., death of either party or destruction of the property).
Q7. A real estate agent who represents the seller has a duty to disclose to ALL parties:
Explanation
Even a seller's agent must disclose known material defects to all parties. This duty of disclosure to third parties regarding material facts exists regardless of which party the agent represents.
Q8. In Nebraska, a transaction broker provides:
Explanation
A transaction broker facilitates the transaction by assisting both parties with competent, honest service but does not act as a fiduciary agent for either buyer or seller.
Q9. Ratification of an unauthorized act in agency occurs when:
Explanation
Ratification occurs when a principal, after learning of an agent's unauthorized act, approves or accepts the benefits of that act, thereby making it as valid as if it had been originally authorized.
Q10. A listing agent receives multiple offers on the same day. Their duty to the seller is to:
Explanation
A listing agent must present all written offers to the seller promptly unless the seller has provided written instructions otherwise. The seller — not the agent — decides which offer to consider.
Q11. A sub-agency relationship arises when:
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