Description
#0829R – New Construction: Who Represents Whom?
Nebraska Real Estate Commission Approved | 3 Hour Continuing Education | Designated Subject Matter (R)
New construction transactions present unique legal, ethical, and agency challenges that every real estate professional should understand. One of the most common misconceptions among buyers is believing the builder’s sales representative is looking out for their interests. In reality, agency relationships in new construction can be very different from traditional residential transactions.
This Nebraska Real Estate Commission approved 3 hour continuing education course examines the agency relationships, duties, and disclosure requirements that arise in new construction sales. Participants will learn who represents whom throughout the transaction, the responsibilities owed to buyers and builders, and how to properly navigate situations involving on site sales representatives, cooperating brokers, buyer representation agreements, and builder contracts.
The course also explores common legal and practical issues encountered in new construction transactions, including model home registrations, commission disputes, builder incentives, contract provisions, change orders, warranties, inspections, financing considerations, and communication with all parties involved. Through real world examples and practical guidance, licensees will gain a better understanding of how to protect their clients while remaining compliant with Nebraska real estate law and agency requirements.
What You’ll Learn
- Agency relationships in new construction transactions
- Who represents the buyer, the builder, and the seller
- Duties owed under Nebraska agency law
- Buyer representation agreements and builder registration requirements
- Builder contracts and provisions that differ from standard purchase agreements
- Builder incentives and their impact on financing and negotiations
- New construction inspections, warranties, and punch lists
- Ethical issues and disclosure requirements
- Strategies for reducing risk and avoiding agency disputes
- Best practices for representing buyers purchasing newly constructed homes
Whether you are new to residential real estate or an experienced licensee, this course provides practical knowledge you can immediately apply when representing clients in today’s new construction market.
Course Number: #0829R
Credit Hours: 3 Hours
Nebraska Real Estate Commission Approved
Designated Subject Matter (R) Continuing Education
Whether you primarily represent buyers, builders, or sellers, this course will help you confidently navigate new construction transactions, understand agency relationships, and better protect your clients throughout the building and purchase process.
