Agency
A North Dakota buyer's agent who personally invests in a property they showed a buyer (without the buyer ultimately purchasing it) must:
ADisclose their purchase to the previous buyer✓ Correct
BOnly disclose if the buyer asks about the property within 6 months
CNo disclosure is needed as the buyer declined the property
DReport the purchase to NDREC
Explanation
When an agent purchases a property that their buyer client showed interest in, there is a potential conflict of interest and a duty to disclose this to the buyer client. The agent may have used their fiduciary position to benefit themselves, requiring disclosure even though the buyer ultimately did not purchase.
Related North Dakota Agency Questions
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