Agency
A North Dakota buyer's agent who discovers the subject property has a wet basement during a showing must:
ASay nothing to avoid the transaction collapsing
BDisclose the condition to the buyer as a material fact affecting the property's value✓ Correct
CTell the seller to fix it before showing again
DRequire the seller to reduce the price
Explanation
A buyer's agent who discovers a material defect (like a wet basement) has a duty to disclose this information to their buyer-client. The buyer needs this information to make an informed decision.
Related North Dakota Agency Questions
- A North Dakota agent who represents a seller and receives an offer that the seller would want to accept but doesn't present it (deciding the offer is 'not worth the seller's time') has:
- In North Dakota, a transaction broker (limited agent) owes which of the following duties?
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- Designated agency in North Dakota allows:
- Which of the following is a non-waivable duty owed by all North Dakota licensees regardless of agency relationship?
- A North Dakota seller's agent who represents the seller exclusively owes which duties to the buyer?
- In North Dakota, dual agency occurs when:
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