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AgencyDuties To PrincipalEASY

A listing agent in Nebraska who receives multiple offers on a property must present:

Correct Answer

B) All offers to the seller, regardless of price or terms

Under Nebraska law and the duties owed to a seller-client, a listing agent must present all offers to the seller in a timely manner, regardless of price, terms, or the buyer's financing status. It is the seller's right to evaluate and decide on any and all offers received. Selectively presenting only certain offers — such as only the highest, only the first, or only those from pre-approved buyers — would be a breach of the agent's fiduciary duty to the seller.

Answer Options
A
Only the highest offer received
B
All offers to the seller, regardless of price or terms
C
Only offers from pre-approved buyers
D
Only the first offer received

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Related Topics & Key Terms

Related Topics:

fiduciary dutiesseller agencyNebraska agency lawoffer presentationlisting agent obligationsNeb. Rev. Stat. § 76-2417

Key Terms:

all offersoffer presentationfiduciary dutylisting agentseller's agentNebraska agency lawNeb. Rev. Stat. § 76-2417
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