Nebraska § 76-2405 Brokerage relationship, defined

Nebraska Statutes

§ 76-2405 — Brokerage relationship, defined

Nebraska·Ch. 76 Real Property

Brokerage relationship shall mean the relationship created between a
designated broker and a client pursuant to sections  76-2401  to  76-2430  relating
to the performance of services of a broker as defined in section  81-885.01 
and shall also mean the relationship created between the client and the designated
broker's affiliated licensees pursuant to sections  76-2401  to  76-2430 .

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Legislative History

Source: Laws 1994, LB 883, § 5; Laws 2011, LB25, § 3. Annotations: Unless otherwise specified in a written agency agreement pursuant to section 76-2422(6), the fiduciary duties owed by a real estate broker derive only from the performance of limited activities defined in section 81-885.01(2). Professional Mgmt. Midwest v. Lund Co., 284 Neb. 777, 826 N.W.2d 225 (2012). When a client engages a real estate broker to perform any of the activities defined in section 81-885.01(2), the resulting agency relationship is called a brokerage relationship. Professional Mgmt. Midwest v. Lund Co., 284 Neb. 777, 826 N.W.2d 225 (2012).