Agency
An agency relationship in Nebraska can be created by all of the following EXCEPT:
AWritten agreement
BImplied by conduct
CRatification of an unauthorized act
DThe payment of a commission alone✓ Correct
Explanation
Payment of a commission does not, by itself, create an agency relationship. Agency requires mutual consent — the principal agreeing to have the agent act on their behalf and the agent agreeing to act. Commission payment results from, not creates, agency.
Related Nebraska Agency Questions
- Nebraska law imposes a duty on all licensees to treat all parties to a transaction with:
- Under Nebraska law, a transaction broker (facilitator) owes parties in a transaction:
- A seller who lists their property without using a real estate agent is referred to as:
- In Nebraska, an agent must disclose their agency relationship to other parties in a transaction:
- Ratification of an unauthorized act by an agent occurs when:
- An agent's duty of accounting requires:
- Which of the following best describes the duty of loyalty in an agency relationship?
- Nebraska's 'duty to present all offers' means the listing broker must present all offers to the seller UNLESS:
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