Agency
When a North Dakota buyer makes an offer through a seller's agent (not a buyer's agent), the seller's agent should:
AAdvocate for the buyer to ensure the deal closes
BPresent the offer honestly to the seller and remind the buyer they are not represented✓ Correct
CRefuse to present any offers that are below list price
DAutomatically act as a dual agent
Explanation
When a buyer approaches a seller's agent without their own representation, the agent must present all offers to the seller and inform the buyer that they represent the seller, not the buyer. The buyer should understand they are not receiving fiduciary protection.
Related North Dakota Agency Questions
- A North Dakota listing broker is preparing a comparative market analysis (CMA). The broker's duty is to present this information to the seller:
- An agency relationship is terminated when:
- A North Dakota licensee acting as a transaction coordinator (facilitator) for both buyer and seller owes which duties to both parties?
- In North Dakota, a seller's agent must disclose their agency relationship to a buyer:
- A listing broker's obligation to the seller includes which of the following?
- Under North Dakota law, a listing agent who withholds a written offer from the seller because they personally dislike the buyer is:
- In North Dakota, a transaction broker (limited agent) owes which of the following duties?
- A North Dakota listing agent who deceives a buyer about the property's flood history may be liable for:
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