Agency
Nebraska's 'duty to present all offers' means the listing broker must present all offers to the seller UNLESS:
AThe offer is below 90% of list price
BThe seller has provided written instructions specifying which offers to present✓ Correct
CThe offer was submitted verbally
DThe broker believes the offer is not in the seller's best interest
Explanation
The default duty is to present all offers. The exception is when the seller has given specific written instructions about which offers the broker need not present (e.
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Key Terms to Know
Fiduciary Duty
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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