ND Disclosure of Agency Relationships in Real Estate Transactions 2016-2026 free printable template
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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
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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
01
Start by obtaining the ND Disclosure of Agency Relationships form from your local real estate association or online.
02
Fill in the date at the top of the form.
03
Identify the parties involved in the transaction, including buyers and sellers.
04
Clearly state the type of agency relationships being disclosed (e.g., Seller’s agent, Buyer’s agent, Dual agent).
05
Detail the duties and responsibilities of each party under the agency relationship.
06
Include any relevant information about compensation and how it is handled between agents.
07
Sign and date the form to acknowledge that both parties understand the agency relationships.
08
Provide copies of the signed document to all parties involved.
Who needs ND Disclosure of Agency Relationships in Real Estate Transactions?
01
Real estate agents and brokers who are representing buyers or sellers in a transaction.
02
Buyers and sellers in a real estate transaction to understand their rights and obligations.
03
Any party involved in a dual agency situation where one agent represents both buyer and seller.
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What is ND Disclosure of Agency Relationships in Real Estate Transactions?
ND Disclosure of Agency Relationships is a legal document that outlines the relationships between real estate agents, buyers, and sellers in real estate transactions in North Dakota. It clarifies the role and responsibilities of agents in representing their clients.
Who is required to file ND Disclosure of Agency Relationships in Real Estate Transactions?
Real estate brokers and agents are required to file the ND Disclosure of Agency Relationships when representing clients in real estate transactions.
How to fill out ND Disclosure of Agency Relationships in Real Estate Transactions?
To fill out the ND Disclosure of Agency Relationships, brokers and agents must provide details about the parties involved, specify the nature of the agency relationship, and ensure that all required signatures are obtained.
What is the purpose of ND Disclosure of Agency Relationships in Real Estate Transactions?
The purpose of the ND Disclosure of Agency Relationships is to inform all parties about the representation and responsibilities of the real estate agents involved, ensuring transparency and compliance with legal requirements.
What information must be reported on ND Disclosure of Agency Relationships in Real Estate Transactions?
The ND Disclosure of Agency Relationships must include information such as the names of the parties involved, the type of agency relationship (exclusive or non-exclusive), and any duties owed by the agent to the client.
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