In Nebraska, a licensee acts as agent while secretly being a principal in the same transaction. Which statement is correct?
Correct Answer
C) 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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Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
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.
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