North Dakota Code 47-38-01 – Definitions
As used in this chapter:
Terms Used In North Dakota Code 47-38-01
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
1. “Recording” means the act of presenting a patent, deed, mortgage, bill of sale, security agreement, judgment, decree, lien, certificate of sale, or other instrument required to be filed or admitted to record, to the county recorder of the county in which the property is situated, for the purposes of placing the document in the proper books or other storage media as described in section 11-18-01.
2. “Residential real estate” means real property located in this state which is used primarily for personal, family, or household purposes and which is improved by one to four dwelling units.
3. “Service agreement” means a contract under which a person agrees to provide services in connection with the maintenance, purchase, or sale of residential real estate.
4. “Service provider” means a person that enters a service agreement with a person that has an interest in residential real estate.