Agency
An agency relationship in North Dakota is most commonly created by:
AVerbal agreement between licensee and client
BA written agency agreement signed by both parties✓ Correct
CThe licensee simply showing the property
DPayment of a commission
Explanation
While agency can be created verbally or by conduct, it is most commonly and properly created through a written agency agreement (listing agreement or buyer-broker agreement) signed by both parties.
Related North Dakota Agency Questions
- In North Dakota, when is it permissible for a buyer's agent to reveal the buyer's identity to the listing agent?
- A North Dakota listing agent learns that the seller's home has a structural defect. The seller instructs the agent to not disclose it. The agent should:
- A North Dakota listing agent who deceives a buyer about the property's flood history may be liable for:
- If a listing agent learns that the seller is willing to accept $10,000 less than the list price, the agent must:
- In North Dakota, a seller's agent must disclose their agency relationship to a buyer:
- In North Dakota, which of the following terminates a listing agreement?
- Designated agency in North Dakota allows:
- A North Dakota buyer's agent discovers mid-transaction that the seller is related to the listing agent. This should be:
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