1. Sections 14-02.5-02 through 14-02.5-08 do not apply to the sale or rental of a single-family house sold or rented by the
owner if the owner does not own more than three single-family houses at any one time
or own any interest in, nor is there owned or reserved on the person's behalf, under
any express or voluntary agreement, title to or any right to any part of the proceeds
from the sale or rental of more than three single-family houses at any one time. In addition, the house must be sold or rented without the use of the sales or rental
facilities or services of a licensed real estate broker, agent, or realtor, or of
a person in the business of selling or renting dwellings, or of an employee or agent
of any such broker, agent, realtor, or person; or the publication, posting, or mailing
of a notice, statement, or advertisement prohibited by section 14-02.5-03. The exemption provided in this subsection applies only to one sale or rental in
a twenty-four-month period, if the owner was not the most recent resident of the house
at the time of the sale or rental. For the purposes of this subsection, a person is in the business of selling or renting
dwellings if the person:
a. Within the preceding twelve months, has participated as principal in three or more
transactions involving the sale or rental of any dwelling or any interest in a dwelling;
b. Within the preceding twelve months, has participated as agent, other than in the
sale of the person's own personal residence, in providing sales or rental facilities
or sales or rental services in two or more transactions involving the sale or rental
of any dwelling or any interest in a dwelling; or
c. Is the owner of any dwelling designed or intended for occupancy by, or occupied
by, five or more families.
2. Section 14-02.5-02 and sections 14-02.5-04 through 14-02.5-08 do not apply to the sale or rental of the rooms or units in a dwelling containing
living quarters occupied by or intended to be occupied by not more than four families
living independently of each other, if the owner maintains and occupies one of the
living quarters as the owner's residence.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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