North Dakota Century Code Title 40. Municipal Government § 40-11-04.2. Transfer of real property by exclusive and nonexclusive listing agreements

1. As an alternative to the procedure established under section 40-11-04.1, the governing body of a city may by resolution:

2. After adoption of the resolution, and publication of the resolution on the city website for at least fourteen days, if the city maintains a website, the governing body of a city may engage licensed real estate brokers to attempt to sell the described property by way of nonexclusive listing agreements or by way of an exclusive listing agreement if the real estate broker is selected through a competitive process.

3. A proposal from a licensed real estate broker to enter an exclusive listing agreement with the governing body of a city must be based on the:

4. In the negotiation of a purchase agreement with a buyer represented by a real estate broker, the governing body of a city may agree to pay compensation to the buyer's real estate broker. In the negotiation of a listing agreement, the governing body of a city shall consider the financial impact of paying compensation to the buyer's real estate broker on the total fees, compensation, or commission that may become payable by the city.