Under North Dakota law, which agency arrangement allows a broker to assign one licensed associate to represent the seller and a different licensed associate within the same brokerage to represent the buyer in the same transaction?
Correct Answer
D) Designated agency
Designated agency, as recognized under North Dakota Administrative Code Title 70, allows a supervising broker to designate one licensee in the firm to represent the seller and a different licensee in the same firm to represent the buyer. Each designated agent owes full fiduciary duties to their respective client, reducing the conflict of interest present in traditional dual agency.
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