Agency
A North Dakota buyer hires a buyer's broker. Midway through searching for properties, the buyer falls in love with a property listed by the buyer's broker's firm. The best solution to avoid dual agency is:
AThe buyer's broker ignores the conflict
BThe firm establishes designated agency, assigning a different agent to represent the seller✓ Correct
CThe buyer must find a different broker
DThe buyer's broker represents both parties without disclosure
Explanation
Designated agency resolves the potential dual agency conflict by having one licensee in the firm represent the seller and the original buyer's agent represent the buyer, each providing full fiduciary duties to their respective clients.
Related North Dakota Agency Questions
- A North Dakota agent's duty of 'accounting' in a fiduciary relationship means:
- Which of the following is the BEST description of express agency?
- Under North Dakota's agency disclosure requirements, the agency disclosure form is NOT required when:
- Which of the following is the BEST example of the duty of 'accounting' owed by an agent?
- Under North Dakota agency law, a 'gratuitous agent' is one who:
- In North Dakota, a listing agreement that automatically renews for successive periods unless cancelled is called:
- A North Dakota seller has instructed their agent not to disclose that the basement floods during heavy rain. The agent should:
- A North Dakota real estate agent is asked to provide a 'comparative market analysis' (CMA). This is different from an appraisal because a CMA:
Practice More North Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Dakota Quiz →