Agency
A North Dakota agent representing a buyer discovers the listing agent is also representing the seller (single agency). The buyer's agent owes the buyer all of the following EXCEPT:
ALoyalty
BConfidentiality
CObedience to lawful instructions
DDisclosure of the seller's asking price rationale to help the buyer negotiate✓ Correct
Explanation
A buyer's agent owes full fiduciary duties to the buyer including loyalty, confidentiality, and obedience to lawful instructions. However, disclosing the seller's confidential pricing strategy or rationale is not a duty to the buyer — the buyer's agent simply negotiates on the buyer's behalf without receiving confidential seller information.
Related North Dakota Agency Questions
- In North Dakota, which disclosure form informs prospective clients about available agency options?
- Sub-agency occurs when:
- A North Dakota buyer's agent fails to submit an offer within the agreed timeframe, causing the seller to accept another offer. The buyer's agent may have breached the duty of:
- In North Dakota, the agency disclosure document must be provided:
- In North Dakota, which of the following terminates a listing agreement?
- In North Dakota, a 'net listing' creates a potential conflict of interest because:
- North Dakota allows 'designated agency' where:
- In North Dakota, dual agency occurs when:
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