Agency
Under Nebraska agency law, a seller's agent must disclose to a prospective buyer:
AThe seller's minimum acceptable price
BAll confidential information the seller shared
CMaterial defects known to the agent that affect the property's value✓ Correct
DThe seller's motivation for selling
Explanation
Even when representing the seller, an agent must disclose known material defects to buyers. Concealing known defects from buyers is a violation of the licensee's professional duty.
Related Nebraska Agency Questions
- When a property is listed in the MLS, the listing broker is offering compensation to:
- A Nebraska buyer's agent knows their buyer client submitted fraudulent income documentation to the lender. The agent's duty is to:
- A buyer who has not signed a buyer's representation agreement is typically considered a:
- The duty of care (competence) in agency requires the agent to:
- Which of the following BEST describes a Nebraska designated agency arrangement?
- A Nebraska listing agent represents the seller but provides comparative market data to an unrepresented buyer. This relationship with the buyer is:
- A Nebraska seller's agent represents the seller and the seller decides not to disclose a leaky roof. The agent should:
- A Nebraska real estate broker is the agent for the seller. The broker's salesperson represents the buyer. Within the same brokerage, both relationships exist simultaneously. This is called:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →