Agency
A North Dakota listing broker cooperating with a buyer's broker through the MLS is an example of:
ADual agency
BSubagency
CCooperative agency between two separate brokerage firms✓ Correct
DTransaction brokerage
Explanation
When a listing broker cooperates with a buyer's broker through the MLS, each broker represents their respective client. This is cooperative agency between two separate brokerage firms, each with their own fiduciary obligations.
Related North Dakota Agency Questions
- An agent who represents neither party but assists both parties in completing a transaction is known as a:
- A North Dakota agent who is representing a buyer in a new construction purchase should be aware that:
- When a North Dakota buyer makes an offer through a seller's agent (not a buyer's agent), the seller's agent should:
- A North Dakota agent who advertises 'I personally guarantee the sale of your home!' without basis may be guilty of:
- A North Dakota listing agent who deceives a buyer about the property's flood history may be liable for:
- A North Dakota buyer's agent fails to submit an offer within the agreed timeframe, causing the seller to accept another offer. The buyer's agent may have breached the duty of:
- Under North Dakota law, which of the following is TRUE about a buyer's right to be represented by their own agent?
- A buyer's agent owes which of the following duties to their buyer-client?
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 →