Agency
A Nebraska agent who is also the buyer in a transaction must disclose this to the seller because it is a:
ACourtesy disclosure
BConflict of interest requiring disclosure✓ Correct
CRoutine disclosure required in all transactions
DOptional disclosure
Explanation
When an agent is purchasing property from their seller-client, there is an inherent conflict of interest. Nebraska law requires disclosure of the agent's interest in the transaction to all parties.
Related Nebraska Agency Questions
- A Nebraska buyer's agent submits an offer with a handwritten change to the form contract without initialing the change. This creates a:
- A sub-agency relationship arises when:
- An agent's fiduciary duty of disclosure to a buyer client includes disclosing:
- A real estate agent who represents the seller has a duty to disclose to ALL parties:
- The duty a buyer's agent owes to the seller in a transaction is:
- Which of the following best describes the duty of loyalty in an agency relationship?
- Nebraska requires informed written consent for a dual agency arrangement because:
- An agent working under a listing agreement has the authority to:
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