Agency
Nebraska requires informed written consent for a dual agency arrangement because:
AIt is required by federal law for all transactions
BBoth parties need to understand and agree to the agent's limited ability to advocate fully for either side✓ Correct
CIt increases the commission for the agent
DIt protects the agent from all liability
Explanation
Dual agency limits the agent's ability to fully advocate for either party. Informed written consent ensures both the buyer and seller understand this limitation and choose to proceed anyway.
Related Nebraska Agency Questions
- Under Nebraska agency law, when a licensee acts as a transaction broker, the licensee:
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- In Nebraska, the term 'fiduciary' in the context of a real estate agency relationship means the agent must:
- A Nebraska cooperating broker who assists a buyer in a sale where the listing is with another brokerage typically receives compensation through:
- In Nebraska, a buyer's agent owes which of the following duties to the buyer?
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- An agent who has been terminated by the seller but continues to show the property would be acting as:
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