Agency
A seller's agent in Nebraska discovers the buyer is paying cash but has told no one. The agent should:
AKeep it confidential from the seller
BDisclose it to the seller as material information✓ Correct
COnly tell the other agent
DDo nothing
Explanation
A seller's agent has a duty to disclose all material information to the seller, including a buyer's ability to pay cash. This information could affect the seller's negotiating position and is material to the transaction.
Related Nebraska Agency Questions
- An agent with 'authority to negotiate' in Nebraska means the agent may:
- A Nebraska buyer's agent has a duty to perform a 'reasonable visual inspection' of the property for the buyer. This duty requires the agent to:
- A Nebraska salesperson meets potential buyers at an open house. Before discussing the property in detail, the salesperson must:
- A Nebraska buyer's agent submits an offer containing false information provided by the buyer without the agent's knowledge. The agent is:
- A Nebraska buyer's agent is also the listing agent on the same property (solo dual agent). They should:
- An agent can be terminated 'at will' in Nebraska under which type of listing agreement?
- Nebraska requires informed written consent for a dual agency arrangement because:
- Which action would constitute a breach of fiduciary duty by a listing agent?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →