Agency
If a Nebraska listing agent knows the seller has received a cease and desist order for environmental violations on the listed property, the agent must:
AKeep this confidential as it is the seller's personal business
BDisclose it to buyers as it is a material fact affecting the property✓ Correct
COnly share it with buyers who directly ask about legal issues
DReport it to the NREC before disclosing it to buyers
Explanation
An active enforcement action against the property is a material fact that would affect a buyer's decision or the price they would pay. The listing agent must disclose it to buyers.
Related Nebraska Agency Questions
- In Nebraska, a transaction broker provides:
- When a Nebraska buyer's agent writes an offer for a buyer on a property listed by the same brokerage, this typically creates:
- When a Nebraska buyer's agent writes an offer that will be reviewed by the listing agent of the same brokerage, the disclosure required is:
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