Agency
A Nebraska buyer's agent who discovers that the seller has recently lowered the asking price multiple times should:
AKeep this information confidential to avoid affecting the seller's position
BShare this information with the buyer as it is material market information relevant to their offer strategy✓ Correct
CReport the information to the NREC
DOnly share it if the buyer specifically asks about price history
Explanation
Price reduction history is publicly available market information that can help a buyer understand seller motivation and market reception. A buyer's agent should share this with their client as it's relevant to their negotiation strategy.
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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