Escrow & Title
In North Dakota, when multiple offers exist on a property, the listing broker's duty is to:
APresent only the highest offer to the seller
BPresent all written offers to the seller in a timely manner, allowing the seller to evaluate and respond to each✓ Correct
CEncourage only pre-approved buyers to make offers
DRequire all offers to be in person at the broker's office
Explanation
A listing broker must present all written offers to the seller promptly. The seller has the right to review all offers and make their own decision about which to accept, counter, or reject.
Related North Dakota Escrow & Title Questions
- A North Dakota property that has a federal tax lien recorded against the owner must have this lien:
- What is the function of an 'escrow' in a North Dakota real estate transaction?
- A mechanic's lien can be filed against a property by:
- At a North Dakota closing, 'prepaid items' typically refer to:
- In North Dakota, the document that provides a written history of all recorded transactions affecting a parcel of land is called a(n):
- A quitclaim deed:
- When does title to real property pass from seller to buyer in a North Dakota real estate transaction?
- At a North Dakota closing, the purchase price appears on the closing statement as a:
Practice More North Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Dakota Quiz →