301 Neb. Admin. Code, ch. 1, § 004
Current through September 17, 2024
A licensee, who is offering real estate brokerage services as an auctioneer, shall make the disclosures to a buyer and obtain the acknowledgement of receipt required by Neb. Rev. Stat. § 76-2421, not later than when the buyer enters into a written purchase contract for the property. The identification of the successful bidder shall constitute the first substantial contact with a buyer within the meaning of the statute. After the first substantial contact, the first practicable opportunity to make the required disclosures to the buyer shall depend upon the circumstances.
301 Neb. Admin. Code, ch. 1, § 004
Laws 1994, LB 883 §30; RS 1943, § 76-2430, R.S. Cum. Supp., 1994. Effective date July 16, 1994.