Agency
In North Dakota, what is required when a licensee represents both the buyer and seller in the same transaction?
AOnly verbal consent from both parties
BWritten informed consent from both parties✓ Correct
CApproval from the NDREC before proceeding
DDual agency is prohibited in North Dakota
Explanation
North Dakota allows dual agency but requires written informed consent from both the buyer and seller before a licensee may legally represent both parties in the same transaction.
Related North Dakota Agency Questions
- In North Dakota, dual agency occurs when:
- Which of the following best describes a 'designated agent' in North Dakota?
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