Agency
A Nebraska buyer's agent submits an offer containing false information provided by the buyer without the agent's knowledge. The agent is:
AAutomatically liable for the buyer's misrepresentation
BLikely not liable if they had no knowledge and didn't verify the false claims✓ Correct
CRequired to verify all information in every offer
DLiable only if the offer is accepted
Explanation
An agent is generally not liable for a principal's misrepresentation if the agent had no knowledge of the falsity. However, agents should take reasonable steps and cannot willfully ignore obvious red flags.
Related Nebraska Agency Questions
- Undisclosed dual agency is illegal because it:
- A Nebraska buyer's agent knows their buyer client submitted fraudulent income documentation to the lender. The agent's duty is to:
- Which of the following best describes the duty of loyalty in an agency relationship?
- The Nebraska agency disclosure form must be provided to all parties and signed to acknowledge:
- Ratification of an unauthorized act in agency occurs when:
- A buyer's agent in Nebraska who advises their buyer to make a lower offer based on comparable sales they have researched is:
- A seller who lists their property without using a real estate agent is referred to as:
- A salesperson who receives earnest money from a buyer must:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →