Agency
Nebraska's agency law requires that an agent who cannot fully represent a client's interests (due to dual agency or conflict) must:
AProceed with the transaction without disclosure
BFully disclose the conflict, obtain consent, or withdraw from representation✓ Correct
COnly disclose the conflict after closing
DAsk the NREC for special permission to proceed
Explanation
When an agent has a conflict of interest, they must either fully disclose it and obtain informed consent from all affected parties, or withdraw from the conflicted representation. Proceeding without disclosure is a serious violation.
Related Nebraska Agency Questions
- Under Nebraska law, a listing broker's duty to the seller includes the obligation to:
- In Nebraska, an agent must disclose their agency relationship to other parties in a transaction:
- Undisclosed dual agency is illegal because it:
- A listing agreement is an agency contract that creates which type of agency?
- In Nebraska, a licensee must provide the 'Disclosure of Brokerage Relationships' form:
- In Nebraska, 'informed consent' to dual agency requires:
- In Nebraska, the agency disclosure form must be provided to a client:
- A salesperson who receives earnest money from a buyer must:
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