Agency
In North Dakota, a 'subagent' working with a buyer owes their primary fiduciary duty to:
AThe buyer they are working with
BThe seller (as a subagent of the listing broker and seller)✓ Correct
CThe MLS board
DBoth buyer and seller equally
Explanation
A subagent acts on behalf of and owes fiduciary duties to the seller through the listing broker. When a subagent assists a buyer, the buyer is not represented; the subagent's duties run to the seller.
Related North Dakota Agency Questions
- Implied agency can be created when:
- Under North Dakota law, which fiduciary duty requires an agent to act in the client's best interest even if it conflicts with the agent's personal interest?
- 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 licensee acting as a transaction coordinator (facilitator) for both buyer and seller owes which duties to both parties?
- 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:
- North Dakota allows 'designated agency' where:
- Sub-agency occurs when:
- In North Dakota, a buyer who is working with multiple agents without signed buyer agency agreements is considered a:
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