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ND: Agency from a North Dakota Broker's Perspective - Unit Exams Practice Questions and Answers $10.49   Add to cart

Exam (elaborations)

ND: Agency from a North Dakota Broker's Perspective - Unit Exams Practice Questions and Answers

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ND: Agency from a North Dakota Broker's Perspective - Unit Exams Practice Questions and Answers In North Dakota, informing parties of material facts related to a transaction describes the duty of ______. - ANSWER-Disclosure You represented Chloe a few years ago when she sold her home. Now she ...

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  • November 4, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate
  • Real Estate
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KaylinHoffman
Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




ND: Agency from a North Dakota Broker's

Perspective - Unit Exams Practice

Questions and Answers


In North Dakota, informing parties of material facts related to a transaction describes the duty of

______. - ANSWER✔✔-Disclosure


You represented Chloe a few years ago when she sold her home. Now she is a party to a transaction, and

you are not representing her because she is a buyer who is making an offer on one of your listings. Do

you owe Chloe the duty of confidentiality? - ANSWER✔✔-Yes, the duty of confidentiality survives the

termination of your brokerage agreement.


When is it okay for a North Dakota licensee to purchase a seller client's property? - ANSWER✔✔-When

the licensee discloses this to his client and gets signed consent.


Licensees ______ clients and ______ customers. - ANSWER✔✔-Represent, assist


Which of the following is the best description of a latent defect? - ANSWER✔✔-A defect that is hidden

and is not revealed during an inspection


Which of these words applies to a latent defect? - ANSWER✔✔-Hidden


Which of the following statements best describes the duty to act with reasonable skill and care? -

ANSWER✔✔-Performing duties professionally, and recommending clients seek outside expert help when

appropriate


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