Agency
In North Dakota, the 'Realtor Code of Ethics' applies to:
AAll licensed real estate agents in North Dakota
BMembers of the National Association of Realtors (NAR) who have agreed to be bound by the Code✓ Correct
COnly brokers, not salespersons
DOnly agents in Fargo and Bismarck
Explanation
The NAR Code of Ethics applies to members of NAR (Realtors), not all licensees. NAR members pledge to abide by the Code's ethical standards. The Code is supplemental to and more stringent than minimum license law requirements.
Related North Dakota Agency Questions
- A listing agent who also works with the buyer without a separate buyer-broker agreement is most likely acting as:
- A North Dakota seller's agent who represents the seller exclusively owes which duties to the buyer?
- Under North Dakota agency law, which party is the 'principal' in a listing agreement?
- North Dakota allows 'designated agency' where:
- A North Dakota buyer's agent who has a conflict of interest due to a personal relationship with the seller should:
- A North Dakota buyer's agent who knows their client is being transferred and must purchase within 30 days should:
- In North Dakota, an agent who does not disclose a known defect to a buyer is potentially liable for:
- The fiduciary duty of 'obedience' means the agent must:
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