In Nebraska, a broker wants to collect compensation out of earnest money before the transaction closes or terminates. Which statement is correct?
Correct Answer
C) Charging or collecting compensation from earnest money before the transaction is consummated or terminated is an unfair trade practice
Nebraska restricts taking broker compensation from earnest money until the transaction is consummated or terminated. Source basis: Neb. Rev. Stat. §81-885.24, Nebraska Legislature official statute; checked 2026-04-30
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
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