Agency
Designated agency in North Dakota allows:
AOne agent to represent both parties without consent
BThe broker to designate different agents within the same firm to exclusively represent the buyer and seller respectively✓ Correct
CThe seller to designate which buyer's agent can show their property
DTwo brokers from different firms to split a commission
Explanation
Designated agency allows the broker to assign one agent within the firm to exclusively represent the buyer and another agent to exclusively represent the seller, avoiding a full dual-agency conflict while keeping the transaction in-house.
Related North Dakota Agency Questions
- A listing broker's obligation to the seller includes which of the following?
- A North Dakota listing broker is preparing a comparative market analysis (CMA). The broker's duty is to present this information to the seller:
- A North Dakota real estate agent assists a buyer in submitting a fraudulent loan application. The agent is:
- An agent who represents neither party but assists both parties in completing a transaction is known as a:
- A North Dakota salesperson works for Brokerage A and wants to receive a referral fee from Brokerage B. This is:
- A North Dakota buyer's agent who has a conflict of interest due to a personal relationship with the seller should:
- 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 seller's agent who tells a buyer 'this is a great time to buy, you need to move fast' may be:
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