N.D. Admin. Code 70-02-03-12
Current through Supplement No. 395, January, 2025
When for any reason the owner fails, refuses, neglects, or is unable to consummate the transaction as provided for in the contract, and through no fault or neglect of the purchaser the real estate transaction cannot be completed, the broker has no right to any portion of the deposit money which was deposited by the purchaser, even though the commission is earned, and such deposit should be returned to the purchaser at once and the broker should look to the owner for the broker's compensation.
General Authority: NDCC 43-23-11.1(1)
Law Implemented: NDCC 43-23-11.1(1)
N.D. Admin Code 70-02-03-12