Sarah is a licensed salesperson at Horizon Realty in Fargo. She meets a prospective buyer, Tom, for the first time at a property showing. According to North Dakota Administrative Code Title 70, when must Sarah provide Tom with the required agency disclosure?
Correct Answer
B) At the first substantive contact with Tom
North Dakota Administrative Code Title 70 requires that agency disclosure be made at the first substantive contact with a consumer. A property showing constitutes substantive contact, so Sarah must provide the disclosure at that initial meeting — not later when an offer is made or financing is arranged.
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