agency

Agency Disclosure at First Substantial Contact (Nebraska)

Under Neb. Rev. Stat. 76-2421, a licensee must give the Commission's agency disclosure at the earliest practicable opportunity during or after first substantial contact with a seller, landlord, buyer or tenant who does not already have a written agreement with a designated broker. Signing the disclosure does not create an agency contract. The agency disclosure rules also apply when someone publicly markets an equitable interest in a purchase contract (wholesaling).