2015 Nebraska Revised Statutes
Chapter 76 - REAL PROPERTY
76-2426 Misrepresentation; liability.
76-2426. Misrepresentation; liability.
(1) A client shall not be liable for a misrepresentation of his or her limited agent arising out of the limited-agency agreement unless the client knew or should have known of the misrepresentation.
(2) A licensee who is serving as a limited agent or subagent of a client shall not be liable for a misrepresentation of his or her client arising out of the brokerage-services agreement unless the licensee knew or should have known of the misrepresentation.
(3) A licensee who is serving as a limited agent of a client shall not be liable for a misrepresentation of any subagent unless the licensee knew or should have known of the misrepresentation.
(4) A licensee who is serving as a subagent shall not be liable for a misrepresentation of the primary limited agent unless the subagent knew or should have known of the misrepresentation.
Source
- Laws 1994, LB 883, § 26;
- Laws 2002, LB 863, § 9.
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