Buyer Agency VS. Seller Agency
You need to understand who a real estate agent is representing and what options you have when buying or selling houses in North Dakota or Minnesota. Download agency relationship disclosures which licensed real estate agents in ND and MN must present to all buyers and sellers. Disclosures are informational only. They are not a contract. A buyer or seller can sign disclosures given to them by more than one agent (under law, every agent you meet with or who shows you a home should present you with a copy of this disclosure). Your signature just provides proof to state real estate auditors that an agent has given you the information.
To have representation by an agent (advocacy), you must sign a separate buyer agency contract as a buyer or sign a listing contract as a seller. Agents can also provide equal duties and confidentiality to both buyer and seller under dual agency, when both parties agree to dual agency in writing.
The different types of agency can be confusing. I will be glad to answer questions that you may have about the types of agency relationship available. Download the forms now so you’ll understand your options.
Download ND Agency Relationships