Agency
In Nebraska, an agent who represents the seller has what duty regarding a buyer's earnest money?
AThe seller's agent handles all earnest money directly
BThe earnest money is handled through the broker's trust account, with the agent following proper trust accounting procedures✓ Correct
CThe earnest money goes to the NREC until closing
DOnly the buyer's agent handles earnest money
Explanation
Regardless of which party the agent represents, earnest money received must be properly handled through the broker's trust account. Proper accounting and safeguarding of client funds is a core duty.
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