Statutes, codes, and regulations
North Dakota Administrative Code
Title 70 - Real Estate CommissionArticle 70-02 - Real Estate Licensure
Chapter 70-02-03 - Licensee Responsibilities
Section 70-02-03-14 - Accepting nonnegotiable instruments

N.D. Admin. Code 70-02-03-14

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Current through Supplement No. 395, January, 2025
Section 70-02-03-14 - Accepting nonnegotiable instruments

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.

N.D. Admin Code 70-02-03-14

Amended effective January 1, 1992.

General Authority: NDCC 43-23-11.1(1)

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