N.D. Admin. Code 70-02-03-07

Current through Supplement No. 394, October, 2024

Section 70-02-03-07 - Closing statements

In every real estate sales transaction wherein the closing is handled by an attorney, bank, or similarly recognized individual or group other than a real estate broker, it shall be the responsibility of the broker involved to see the party or parties represented by the broker receive a complete, detailed closing statement showing all of the receipts and disbursements handled in such transaction. The broker must retain true copies of such statements for the represented party or parties in the broker's files.

N.D. Admin Code 70-02-03-07

Amended effective April 1, 2008.

Amended by Administrative Rules Supplement 2022-385, July 2022, effective 7/1/2022.

General Authority: NDCC 28-32-02, 43-23-08

Law Implemented: NDCC 43-23-11.1(1)(o)