Contracts
A North Dakota seller who accepts an offer contingent on inspection, then immediately relists the property as 'available,' is:
AActing appropriately since the contingency is not yet removed
BPotentially in breach of the accepted offer's obligation to deal in good faith with the buyer✓ Correct
CActing legally since the contingency may not be removed
DRequired to inform the NDREC
Explanation
Once an offer is accepted—even contingently—the seller has an obligation to deal in good faith. Relisting as available and actively soliciting other buyers while under contract may breach the covenant of good faith and fair dealing.
Related North Dakota Contracts Questions
- Assignment of a contract transfers:
- Consideration in a real estate contract can be:
- Which type of listing agreement gives only one broker the right to sell the property and requires a commission even if the owner finds the buyer?
- A North Dakota seller who accepts a buyer's offer by email rather than a signed counter-offer form may have created:
- A real estate contract is void if it lacks:
- In North Dakota, which statement about addenda to a real estate contract is TRUE?
- Under North Dakota's recording act, in a dispute between two competing purchasers of the same property, who prevails?
- A North Dakota seller lists their home under an 'exclusive agency' agreement. The seller later finds a buyer themselves. In this case:
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 →