North Dakota License Law
A North Dakota broker who receives a commission in a real estate transaction where the buyer is unrepresented must disclose this to:
ANobody, since commission is confidential
BAll parties to the transaction, as required by agency disclosure rules✓ Correct
COnly the lender
DOnly the state tax authority
Explanation
North Dakota requires that agency relationships and compensation arrangements be disclosed to all parties. Buyers and sellers are entitled to know who represents whom and the compensation arrangements.
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