Agency
An agent who helps a buyer prepare a strong offer by advising on pricing strategy, contingencies, and negotiation tactics is fulfilling the duty of:
AConfidentiality
BReasonable care and diligence✓ Correct
CObedience
DAccounting
Explanation
Advising clients on strategy and helping them achieve their goals is an expression of reasonable care and diligence — using professional knowledge and skill on the client's behalf.
People Also Study
Related Nebraska Questions
- A Nebraska agent's duty to their client survives the termination of the agency agreement with respect to:Agency
- 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:Agency
- An agent who volunteers information to benefit the client that the client did not ask for is fulfilling the duty of:Agency
- A Nebraska buyer who performs their obligations under a purchase agreement by fulfilling the due diligence period, obtaining financing, and closing on time has:Contracts
- A Nebraska buyer's agent who assists their buyer in writing a strong offer for a property listed by the same agency should:Agency
Key Terms to Know
Lien
A 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.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Study This Topic
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →