A contractual agreement between the purchaser and the holder of a real estate license is NOT required in Nebraska. However, real estate licensees may suggest that buyers enter into a buyer`s agency agreement that typically does two main things. This agreement generally defines the obligations and responsibilities of the relationship and compensation between the buyer and a real estate agent represented by the related licensee who works with you, the buyer. As you have already recommended, if you have questions about a contract, you should get legal advice. Many resources are available to help consumers in their real estate choices and in the real estate transaction. Consumers are encouraged to use as many as possible to be fully informed when following one of the biggest purchases of their lives. Home purchase agreements generally contain promises and provisions that guarantee the condition of a property. Many states legally require sellers to disable explicit information about the condition of a property. In states where this is necessary and where a seller deliberately conceals such information, it may be prosecuted for fraud. If you have questions about a basic licensee`s obligations and responsibilities, You can send an email to the Deputy Chief of Application at: firstname.lastname@example.org If you believe that a real estate licensee has violated the Real Estate Licensing Act or has broken the rules, you may submit to the Commission application forms that may trigger an investigation and give rise to disciplinary action against the holder of the basic license. Information on the claims procedure can be found at: nrec.nebraska.gov/complaintprocedures.html A lot of resources are available to help consumers with their real estate choices and real estate transactions. Consumers are encouraged to use as many as possible to be fully informed when they are making one of the biggest purchases of their lives.
The Nebraska sales contract is an integral part of a real estate transaction. This is what legally obliges the seller and buyer to make the terms of a sale. The buyer will usually take the first step by making an offer on the property. If you have questions about the obligations and responsibilities of a real estate licensee, you can send an email to the Application Manager: email@example.com If you receive an offer to purchase your property, you have the option to accept the offer in writing, refuse it or make a counter-offer if you have questions about a contract that you should advise by a real estate licensee or lawyer. If you are considering using the services of a real estate licensee, you can verify the status of their real estate license by accessing information provided by Licensee A and applicants on the Nebraska Real Estate Commission website.