Agency
In North Dakota, a real estate agent's most fundamental duty to their client is:
AAchieving the highest possible sale price in all situations
BActing at all times in the client's best interests with honesty, competence, and loyalty✓ Correct
CClosing the transaction as quickly as possible
DGenerating the highest possible commission
Explanation
The most fundamental duty of a North Dakota real estate agent to their client is to act in the client's best interests with undivided loyalty, honesty, and professional competence. All specific fiduciary duties — loyalty, confidentiality, disclosure, obedience, accounting, and care — flow from this fundamental obligation.
Related North Dakota Agency Questions
- A North Dakota agent's duty to 'disclose material facts' requires disclosing:
- A North Dakota real estate agent assists a buyer in submitting a fraudulent loan application. The agent is:
- When a North Dakota buyer's agent presents a buyer's counteroffer to the seller's agent, the buyer's agent should:
- A North Dakota listing agent who deceives a buyer about the property's flood history may be liable for:
- A seller's agent who tells a buyer 'this is a great time to buy, you need to move fast' may be:
- A listing broker's obligation to the seller includes which of the following?
- A North Dakota broker offers a 'flat fee' listing service where they list the property on the MLS but provide minimal services. This is:
- In North Dakota, a buyer's agent who discovers during negotiations that the seller may be facing foreclosure has a duty to:
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