Agency
In Nebraska, which of the following terminates an agency relationship?
ACompletion of the purpose for which the agency was created
BDeath of the principal
CMutual agreement of the parties
DAll of the above✓ Correct
Explanation
An agency relationship can be terminated by: completion of the agency purpose, mutual agreement, expiration of the listing period, death or incapacity of the principal or agent, or destruction of the subject property.
Related Nebraska Agency Questions
- An agent's fiduciary duty of disclosure to a buyer client includes disclosing:
- A Nebraska listing agent receives two offers simultaneously. The agent's duty to the seller is to:
- A Nebraska buyer's agent who learns the seller is facing foreclosure should:
- Ratification of an unauthorized act in agency occurs when:
- A Nebraska real estate agent who represents neither buyer nor seller but helps facilitate a transaction is called a:
- A listing agreement is an agency contract that creates which type of agency?
- An agent with 'authority to negotiate' in Nebraska means the agent may:
- In Nebraska, a licensee must provide the 'Disclosure of Brokerage Relationships' form:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →