North Dakota License Law
A North Dakota licensee who receives a gift from a client for excellent service must:
AReport the gift to the NDREC immediately
BComply with their broker's office policy on gifts; gifts unrelated to a specific transaction are generally permissible✓ Correct
CRefuse all gifts from clients
DReport the gift as taxable income to the NDREC
Explanation
NDREC rules and most brokerage policies permit receiving reasonable client gifts, particularly when they are unrelated to influencing a specific transaction outcome. Licensees should follow their broker's gift policy and applicable tax reporting rules.
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