Agency
What is a 'designated agency' arrangement in Nebraska real estate?
AOne agent representing both buyer and seller in the same transaction
BThe broker designating different agents within the same firm to exclusively represent the buyer and seller separately✓ Correct
CA government-appointed agent for distressed properties
DAn agent designated by the court to handle estate sales
Explanation
Designated agency allows a broker to designate one agent to represent the buyer and a different agent within the same brokerage to represent the seller, preserving each client's individual representation.
Related Nebraska Agency Questions
- When a property is listed in the MLS, the listing broker is offering compensation to:
- The most common type of listing agreement in Nebraska that provides maximum broker protection is:
- Under Nebraska agency law, when a licensee acts as a transaction broker, the licensee:
- A Nebraska agent who represents the seller in a buyer's market should advise the seller to:
- The duty of confidentiality in an agency relationship requires the agent to:
- A Nebraska buyer's agent has a duty to perform a 'reasonable visual inspection' of the property for the buyer. This duty requires the agent to:
- A Nebraska buyer's broker agreement creates what type of agency relationship?
- A material fact in Nebraska real estate that must be disclosed includes:
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