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AgencyDual AgencyMEDIUM

Nebraska permits dual agency with:

Correct Answer

B) Written informed consent from both parties

Dual agency requires written informed consent from both buyer and seller under Nebraska's Brokerage Relationships in Real Estate Act.

Answer Options
A
Commission approval
B
Written informed consent from both parties
C
Verbal agreement
D
Court order

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Related Topics & Key Terms

Related Topics:

limited-dual-agent

Key Terms:

dual agencyNE

Related Concepts

The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.

In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.

An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.

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