ND Disclosure of Agency Relationships in Real Estate Transactions 2015 free printable template

NORTH DAKOTA DISCLOSURE OF AGENCY RELATIONSHIPS IN REAL ESTATE TRANSACTIONS PAGE 1 of 2 This form approved by the FargoMoorhead Area Association of REALTORS which disclaims any liability arising out

How to fill out ND Disclosure of Agency Relationships in Real Estate

How to fill out ND Disclosure of Agency Relationships in Real Estate Transactions

1. Obtain the ND Disclosure of Agency Relationships form from a reliable source or your real estate broker.
2. Begin by filling in the names of the parties involved in the transaction (buyer and seller).
3. Specify the type of agency relationships, such as seller's agent, buyer's agent, or dual agent.
4. Clearly outline the duties and obligations of the agent to the parties involved.
5. Include information about how the agency relationship affects the rights and responsibilities of the parties.
6. Indicate any disclosures related to conflicts of interest.
7. Have both parties review the completed form to ensure they understand the information.
8. Obtain signatures from both parties to validate the agreement.
9. Provide copies of the signed document to all parties involved for their records.

Who needs ND Disclosure of Agency Relationships in Real Estate Transactions?

1. All parties involved in a real estate transaction, including buyers, sellers, and real estate agents, need the ND Disclosure of Agency Relationships to understand the nature of their relationship and the associated responsibilities.

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What is ND Disclosure of Agency Relationships in Real Estate Transactions?

ND Disclosure of Agency Relationships is a document that outlines the roles and responsibilities of real estate agents in a transaction, specifying their relationship with the parties involved.

Who is required to file ND Disclosure of Agency Relationships in Real Estate Transactions?

Real estate brokers and agents involved in a transaction are required to file the ND Disclosure of Agency Relationships.

How to fill out ND Disclosure of Agency Relationships in Real Estate Transactions?

To fill out the ND Disclosure, agents must provide details about the parties involved, define their agency relationships, and include signatures from all parties acknowledging their understanding.

What is the purpose of ND Disclosure of Agency Relationships in Real Estate Transactions?

The purpose is to ensure transparency in the transaction by informing all parties about the nature of the agency relationships and the obligations of the agents.

What information must be reported on ND Disclosure of Agency Relationships in Real Estate Transactions?

The disclosure must report the names of the parties, the nature of the agency relationships, the duties and responsibilities of the agents, and the signatures of all involved parties.