A North Dakota real estate listing agreement is the document that grants a real estate agent permission to sell a property on the owner’s behalf. The agreement details the listing price, agreement period, and how the property may be marketed providing the agent the guidelines by which they can earn their commission.

Typically, the agent or agency will want the exclusive rights to act on the seller’s behalf; however, the document does allow for an open listing, which would enable other agencies to represent the seller. If the agent and seller are satisfied with the terms of the agreement, it may be signed, and the agent will be able to list the property and find a buyer.

• Laws – § 70-02-03-04
• Dual Agency (§ 70-02-03-15.1(7)(c)) – Dual agency is permitted as long as both buyer and seller are informed and give written consent.
• Purchase Agreement – Both a buyer and a seller may use this document to detail the terms and conditions of the transfer of real estate ownership.