Agency
The duty a buyer's agent owes to the seller in a transaction is:
AThe same full fiduciary duty owed to the buyer
BHonest dealing, disclosure of material facts, and good faith — but not full fiduciary duties✓ Correct
CNo duty at all — the agent only works for the buyer
DThe duty to present only acceptable offers
Explanation
Even when representing the buyer, an agent owes the seller (and all parties) the duties of honest dealing, disclosure of known material facts, and good faith, though not the full fiduciary duties owed to the client.
Related Nebraska Agency Questions
- A Nebraska buyer's agent who fails to include all relevant terms in a purchase agreement that the buyer requested is breaching the duty of:
- An agent's duty of accounting requires:
- A buyer's agent in Nebraska who learns the seller is desperate to sell should:
- An agent's duty of care requires them to:
- Apparent authority in an agency relationship arises when:
- A 'procuring cause' dispute in Nebraska arises when:
- Under Nebraska law, a listing broker's duty to the seller includes the obligation to:
- Nebraska's agency law recognizes that a listing agreement creates a 'special agency' for the broker, which means the broker:
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