Under Nebraska law, which of the following best describes how a real estate agency relationship is most commonly created between a broker and a seller?
Correct Answer
D) By written listing agreement signed by both the broker and the seller
Under the Nebraska Real Estate License Act (Neb. Rev. Stat. § 81-885.01 et seq.) and Nebraska agency law, a broker-seller agency relationship is most commonly and properly created through a written listing agreement signed by both parties. Nebraska requires written agency agreements to be enforceable and to clearly define the scope of the broker's authority, compensation, and duties. A written listing agreement is the foundational document that establishes the agency relationship in Nebraska residential and commercial transactions.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
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