Agency
A sub-agency relationship arises when:
AOne broker directly represents the buyer
BA cooperating agent works through the MLS and owes fiduciary duties to the seller, not the buyer✓ Correct
CThe buyer signs a representation agreement with the listing broker
DTwo brokers share a commission on a transaction
Explanation
In a sub-agency arrangement (historically common in the MLS), a cooperating buyer's agent is technically a sub-agent of the listing broker and owes fiduciary duties to the seller, not the buyer.
Related Nebraska Agency Questions
- In Nebraska, a transaction broker provides:
- A buyer's representation agreement in Nebraska creates:
- In Nebraska, the term 'fiduciary' in the context of a real estate agency relationship means the agent must:
- Which of the following BEST describes a Nebraska designated agency arrangement?
- Nebraska's agency law requires that an agent who cannot fully represent a client's interests (due to dual agency or conflict) must:
- A Nebraska buyer's agent who discovers the property has an unpermitted addition should:
- A Nebraska buyer's agent has a fiduciary duty to recommend that their buyer:
- An agency relationship is most commonly created in Nebraska by:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →