North Dakota License Law
A North Dakota real estate licensee is required to disclose which of the following to a prospective buyer?
AThe seller's motivation for selling
BKnown material defects about the property✓ Correct
COther offers the seller has received
DThe seller's bottom-line price
Explanation
North Dakota licensees must disclose known material defects that affect the property's value or habitability. Confidential information about the seller's motivation or bottom-line price is protected unless the seller authorizes disclosure.
Related North Dakota North Dakota License Law Questions
- A North Dakota real estate salesperson who terminates employment with a broker must:
- Under North Dakota law, a broker must keep transaction records for a minimum of:
- A North Dakota real estate broker who employs salespersons is responsible for:
- Which of the following actions by a North Dakota licensee constitutes commingling?
- How many questions are on the North Dakota real estate salesperson licensing exam?
- A North Dakota broker must maintain a broker trust account. Which of the following is a requirement for that account?
- A North Dakota real estate broker must ensure that all written offers to purchase are presented to the seller:
- A real estate licensee convicted of conversion of client funds faces which penalty?
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 →