Agency
When a Nebraska agent represents both buyer and seller in the same transaction with consent, they must:
ADisclose the seller's minimum acceptable price to the buyer
BRefrain from advocating exclusively for either party and maintain confidentiality of both parties' negotiating positions✓ Correct
CCharge a double commission
DTransfer representation to a different brokerage
Explanation
In a dual agency, the agent cannot advocate exclusively for either party. They must keep each party's confidential information (such as their negotiating position or price limits) private from the other party.
Related Nebraska Agency Questions
- An agency relationship can be terminated by:
- A buyer's agent in Nebraska who advises their buyer to make a lower offer based on comparable sales they have researched is:
- An agent working under a listing agreement has the authority to:
- What is a 'designated agency' arrangement in Nebraska real estate?
- A Nebraska real estate agent who represents neither buyer nor seller but helps facilitate a transaction is called a:
- Under Nebraska's agency law, a buyer's agent owes which duty specifically to the buyer?
- Apparent authority in an agency relationship arises when:
- A sub-agency relationship arises when:
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