What can result from dual agency in Nebraska?

In Nebraska, dual agency occurs when a real estate agent or brokerage represents both the buyer and the seller in a transaction. This situation can lead to a conflict of interest because the agent must navigate the differing interests of both parties. Without proper disclosure, the agent might not fully represent either party’s best interests, creating a potential ethical dilemma.

The law requires that all parties involved be informed of the dual agency situation and give their consent to it, ensuring transparency in the transaction. If proper disclosure is not made, it can lead to misunderstandings, mistrust, and legal disputes if one party feels that their interests weren’t adequately represented. Therefore, recognizing the possibility of a conflict of interest without proper disclosure emphasizes the importance of communication and ethics in real estate practices.