Agency
A Nebraska real estate agent who represents neither buyer nor seller but helps facilitate a transaction is called a:
ASub-agent
BDual agent
CTransaction broker✓ Correct
DReferral agent
Explanation
A transaction broker (also called a facilitator or non-agent) assists both parties without representing either. This limits fiduciary duties but the agent still owes honest dealing to both parties.
Related Nebraska Agency Questions
- The duty of care (competence) in agency requires the agent to:
- Under Nebraska's agency law, a buyer's agent owes which duty specifically to the buyer?
- A listing agent receives multiple offers on the same day. Their duty to the seller is to:
- Nebraska's agency law permits a buyer's agent to negotiate the lowest possible price for their client, which is consistent with the duty of:
- A Nebraska agent who represents the buyer in a for-sale-by-owner (FSBO) transaction owes:
- A buyer's agent's duty of obedience requires the agent to:
- A seller's agent in Nebraska discovers the buyer is paying cash but has told no one. The agent should:
- Nebraska law allows a salesperson to sign a listing agreement on behalf of their broker if:
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