Agency
Under Nebraska's agency law, a buyer's agent owes which duty specifically to the buyer?
ATo disclose the buyer's maximum purchase price to the seller
BTo promote the buyer's best interests and negotiate on the buyer's behalf✓ Correct
CTo present all offers to the seller without modification
DTo represent both buyer and seller equally
Explanation
A buyer's agent owes fiduciary duties to the buyer, including loyalty, confidentiality, and the duty to promote the buyer's best interests in negotiation.
Related Nebraska Agency Questions
- Nebraska's agency law requires that a buyer's agent who is aware their buyer has committed to buying the property (highly motivated) must:
- In Nebraska, a transaction broker provides:
- Under Nebraska agency law, when a licensee acts as a transaction broker, the licensee:
- Which action would constitute a breach of fiduciary duty by a listing agent?
- The most common type of listing agreement in Nebraska that provides maximum broker protection is:
- An agent's duty to keep client funds separate (accounting duty) means the agent must NOT:
- When a property is listed in the MLS, the listing broker is offering compensation to:
- A listing broker may advertise a property priced at the seller's direction even if the broker believes the price is too high because the broker's duty of obedience:
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