Agency
An agent with 'authority to negotiate' in Nebraska means the agent may:
ASign contracts on behalf of the client without restriction
BDiscuss terms and present offers on behalf of the client within the authority granted by the listing or buyer agreement✓ Correct
CAccept verbal offers on behalf of the seller
DUnilaterally reduce the listing price if they believe it will sell faster
Explanation
Authority to negotiate means the agent can discuss and work toward agreement on terms within the scope of their agency — presenting and countering offers, not signing contracts without explicit written authorization from the principal.
Related Nebraska Agency Questions
- A Nebraska real estate agent who represents neither buyer nor seller but helps facilitate a transaction is called a:
- Apparent authority in an agency relationship arises when:
- 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:
- In Nebraska, the term 'fiduciary' in the context of a real estate agency relationship means the agent must:
- A Nebraska listing agent represents the seller but provides comparative market data to an unrepresented buyer. This relationship with the buyer is:
- The duty a buyer's agent owes to the seller in a transaction is:
- When a Nebraska buyer's agent writes an offer for a buyer on a property listed by the same brokerage, this typically creates:
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