Agency
An agent working under a listing agreement has the authority to:
AAccept offers on behalf of the seller without the seller's approval
BMarket the property and present offers to the seller✓ Correct
CModify the listing price without consulting the seller
DApprove repair requests made by the buyer
Explanation
A listing agent's authority under a typical listing agreement is to market the property and present offers. The agent does not have authority to accept, reject, or modify terms without the seller's direction.
Related Nebraska Agency Questions
- Nebraska's agency law requires that a buyer's agent who is aware their buyer has committed to buying the property (highly motivated) must:
- A buyer's agent in Nebraska owes which duty to the buyer client?
- In Nebraska, a licensee must provide the 'Disclosure of Brokerage Relationships' form:
- Apparent authority in real estate agency arises when:
- A seller who lists their property without using a real estate agent is referred to as:
- A listing agent receives multiple offers on the same day. Their duty to the seller is to:
- A salesperson who receives earnest money from a buyer must:
- An agency relationship is most commonly created in Nebraska by:
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