North Dakota § 39-22-26 Brokering of motor vehicles prohibited - Penalty

North Dakota Statutes

§ 39-22-26 — Brokering of motor vehicles prohibited - Penalty

North Dakota·Title 39 Motor Vehicles·Ch. 39-22 Motor Vehicle Dealer Licensing

A person may not act as, offer to act as, or hold out to be a motor vehicle broker. As used in this section, a broker is a person who, for a fee, commission, or other valuable consideration, arranges or offers to arrange a transaction involving the sale or exchange of a motor vehicle, and who is not:

1.A dealer or a bona fide agent or employee of a dealer;

2.A representative or a bona fide agent or employee of a manufacturer;

3.The bona fide owner of the motor vehicle involved in the transaction; or

4.A bona fide auctioneer conducting an auction involving motor vehicles not owned by the auctioneer. Any person violating this section is guilty of a class A misdemeanor.

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A person may not act as, offer to act as, or hold out to be a motor vehicle broker. As used in
this section, a broker is a person who, for a fee, commission, or other valuable consideration,
arranges or offers to arrange a transaction involving the sale or exchange of a motor vehicle,
and who is not:
1. A dealer or a bona fide agent or employee of a dealer;
2. A representative or a bona fide agent or employee of a manufacturer;
3. The bona fide owner of the motor vehicle involved in the transaction; or
4. A bona fide auctioneer conducting an auction involving motor vehicles not owned by
the auctioneer.
Any person violating this section is guilty of a class A misdemeanor.

North Dakota § 39-22-26 (Brokering of motor vehicles prohibited - Penalty) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.