North Dakota § 43-23-24 - Wholesale buyers and sellers - Disclosure
Full text of North Dakota North Dakota Century Code § 43-23-24 — Wholesale buyers and sellers - Disclosure, with citation guidance and answers to common questions.
§ 43-23-24. Wholesale buyers and sellers - Disclosure
1. As used in this section, "wholesaler" means a person that enters an agreement to make income or profit from the transfer of or equitable interest in real property. 2. A wholesaler of real property shall disclose in writing to all parties to the agreement that the wholesaler holds an equitable interest in the property, may not be able to convey title to the property, and intends to make a profit or income from the transfer of the equitable interest. 3. 4. Notwithstanding any other provision contained in a contract for sale of real property, if a wholesaler violates this section, the seller may cancel the contract for sale at any time before the close of escrow without penalty and may retain any earnest money paid by the wholesaler. Notwithstanding any other provision contained in the contract for sale, if a wholesaler violates this section, the buyer may cancel the contract for sale at any time before the close of escrow without penalty and must be refunded all earnest money paid by the buyer.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 43-23-24
What does North Dakota Century Code § 43-23-24 cover?
Section 43-23-24 ("Wholesale buyers and sellers - Disclosure") is part of the North Dakota Century Code, the codified statutory law of North Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Dakota § 43-23-24?
A common citation format is "North Dakota Century Code § 43-23-24" (North Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 43-23-24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Dakota.