Agency
Designated agency in Nebraska means:
AOne agent represents both buyer and seller
BDifferent agents within the same brokerage each exclusively represent one party✓ Correct
CA broker designates a sub-agent to handle all transactions
DAn out-of-state broker designates a Nebraska broker to cooperate
Explanation
In designated agency, a broker designates separate agents within the firm to each exclusively represent one party (buyer and seller), avoiding dual agency conflicts at the agent level.
Related Nebraska Agency Questions
- A Nebraska listing agent is also a licensed mortgage broker. The agent refers the buyer to their mortgage company for financing. This is permissible only if:
- A buyer who has not signed a buyer's representation agreement is typically considered a:
- In Nebraska, a buyer's agent owes which of the following duties to the buyer?
- A buyer's agent in Nebraska owes which duty to the buyer client?
- A Nebraska buyer's agent who neglects to advise their buyer about a defect visible during a showing may be liable for:
- An agent's fiduciary duty of disclosure to a buyer client includes disclosing:
- Ratification of an unauthorized act in agency occurs when:
- A real estate agent who represents the seller has a duty to disclose to ALL parties:
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