North Dakota License Law
A North Dakota real estate licensee who is also a licensed contractor wants to purchase a listed property and do repairs for resale. They must disclose:
ANothing additional beyond standard disclosures
BTheir licensed status as a real estate agent and their intent to profit from the transaction✓ Correct
COnly their contractor license
DDisclosures are only required if they are the listing agent
Explanation
A licensee purchasing property for personal investment must disclose their licensed status to the seller. If the intent is to profit from the transaction through resale or improvements, this must also be disclosed to ensure the seller can make an informed decision.
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