North Dakota Administrative Code
Title 70 - Real Estate Commission
Article 70-02 - Real Estate Licensure
Chapter 70-02-03 - Licensee Responsibilities
Section 70-02-03-14 - Accepting nonnegotiable instruments
Universal Citation: ND Admin Code ยง 70-02-03-14
Current through Supplement No. 395, January, 2025
A broker or salesperson shall not accept any note or any nonnegotiable instrument or anything of value not readily negotiable as a deposit on a contract or offer to purchase without the knowledge and permission of the broker's or salesperson's principal.
General Authority: NDCC 43-23-11.1(1)
Law Implemented: NDCC 43-23-11.1(1)
Disclaimer: These regulations may not be the most recent version. North Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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