A Nebraska salesperson is asked about a licensee acts as agent while secretly being a principal in the same transaction. What is the best answer?
Correct Answer
B) Acting in the dual capacity of agent and undisclosed principal is an unfair trade practice
Nebraska prohibits acting as both agent and undisclosed principal. Source basis: Neb. Rev. Stat. §81-885.24, Nebraska Legislature official statute; checked 2026-04-30
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Related Topics & Key Terms
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Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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