76-2423 Representation; commencement and termination; when. - Nebraska Statutes

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Statutes > Nebraska > Chapter76 > 76-2423

76-2423. Representation; commencement and termination; when.(1)(a) The relationships set forth in sections 76-2401 to 76-2430 shall commence at the time that the licensee begins representing a client and continue until performance or completion of the representation.(b) If the representation is not performed or completed for any reason, the relationship shall end at the earlier of:(i) The date of expiration agreed upon by the parties; or(ii) The termination or relinquishment of the relationship by the parties.(2) Except as otherwise agreed in writing, a licensee shall owe no further duty or obligation after termination or expiration of the contract or representation or completion of performance except the duties of:(a) Accounting for all money and property related to and received during the relationship; and(b) Keeping confidential all information received during the course of the relationship which was made confidential by sections 76-2401 to 76-2430, by instructions from the client, or by the policy of the designated broker unless:(i) The client to whom the information pertains grants written consent to disclose the information; or(ii) Disclosure of the information is required by law. SourceLaws 1994, LB 883, § 23.

State Codes and Statutes

Statutes > Nebraska > Chapter76 > 76-2423

76-2423. Representation; commencement and termination; when.(1)(a) The relationships set forth in sections 76-2401 to 76-2430 shall commence at the time that the licensee begins representing a client and continue until performance or completion of the representation.(b) If the representation is not performed or completed for any reason, the relationship shall end at the earlier of:(i) The date of expiration agreed upon by the parties; or(ii) The termination or relinquishment of the relationship by the parties.(2) Except as otherwise agreed in writing, a licensee shall owe no further duty or obligation after termination or expiration of the contract or representation or completion of performance except the duties of:(a) Accounting for all money and property related to and received during the relationship; and(b) Keeping confidential all information received during the course of the relationship which was made confidential by sections 76-2401 to 76-2430, by instructions from the client, or by the policy of the designated broker unless:(i) The client to whom the information pertains grants written consent to disclose the information; or(ii) Disclosure of the information is required by law. SourceLaws 1994, LB 883, § 23.

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State Codes and Statutes

Statutes > Nebraska > Chapter76 > 76-2423

76-2423. Representation; commencement and termination; when.(1)(a) The relationships set forth in sections 76-2401 to 76-2430 shall commence at the time that the licensee begins representing a client and continue until performance or completion of the representation.(b) If the representation is not performed or completed for any reason, the relationship shall end at the earlier of:(i) The date of expiration agreed upon by the parties; or(ii) The termination or relinquishment of the relationship by the parties.(2) Except as otherwise agreed in writing, a licensee shall owe no further duty or obligation after termination or expiration of the contract or representation or completion of performance except the duties of:(a) Accounting for all money and property related to and received during the relationship; and(b) Keeping confidential all information received during the course of the relationship which was made confidential by sections 76-2401 to 76-2430, by instructions from the client, or by the policy of the designated broker unless:(i) The client to whom the information pertains grants written consent to disclose the information; or(ii) Disclosure of the information is required by law. SourceLaws 1994, LB 883, § 23.