North Dakota Real Estate Exam Prep

ND Salesperson Practice Exam

Our North Dakota Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to North Dakota’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

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North Dakota Sample Practice Real Estate Exam Questions and Answers

North Dakota State Section

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Question 1

What tenancies does North Dakota allow?

A	Neither
B	Both
C	Tenancy by the entirety
D	Joint tenancy

Question 2

In what circumstances, if any, can a broker in North Dakota who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	In most circumstances, except when the buyer and seller are related
B	Only when both buyer and seller have legal representation
C	Only when both buyer and seller give informed consent to this arrangement
D	None; the broker may only collect compensation from one party to a transaction

Question 3

Does North Dakota allow Holographic wills?

A	Yes
B	No

Question 4

Which of the following isn't part of a deed?

A	acknowledgement
B	novation
C	Premises
D	Habendum

Question 5

Which is not necessary for a valid contract?

A	acceptance
B	legal object
C	offer
D	due date

Question 6

Which of the following is a landlord's option for a tenant not paying rent?

A	shut off the gas
B	shut off the power
C	lock the tenant out of the apartment
D	unlawful detainer action in court

Question 7

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Lessee
B	Buyer
C	Agent
D	Lessor

Question 8

What term means "going to the state?"

A	Taxation
B	Eminent Domain
C	escheat
D	police power

Question 8 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 9

Does North Dakota have dower laws?

A	No
B	Yes

Question 10

Is North Dakota a community property state?

A	Yes
B	No

Question 11

Which of the following would not put a sales person in jeopardy of losing their license in North Dakota?

A	Being authorized to accept and excessive commission.
B	Depositing his/her clients escrow money into a personal account
C	Convicted of a felony
D	Placing an ad claiming to be a broker when they are not.

Question 12

Does North Dakota have homestead laws?

A	Yes
B	No

Question 13

Which of the following is required for an applicant to receive a Real Estate License?

A	Must sit and pass the required exam
B	Must have a Bachelors degree
C	Must be 25 or older
D	Must have lived in the state for more than a year

Question 14

After getting the real estate license, how often must you take Continuing Education classes?

A	ever year
B	every three years
C	every two years
D	never

Question 15

How soon can a broker receive a commission check after a closing in North Dakota?

A	When the buyer moves in.
B	After the transaction is completed and funded.
C	Once the offer sheet is signed.
D	Once the seller agrees to the price.

Question 16

Standing trees would be considered:

A	Personal Property
B	Chattels
C	Emblements
D	Real property

Question 17

The Salesperson license fee costs how much?

A	$149
B	$75
C	$19
D	$200
E	$100

Question 18

Mortgage "discount" points only apply if which of the following conditions are met?

A	The interest rate on the mortgage loan has been lowered by 1% for each point charged
B	The interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The loan does not close and the buyer owes the lender for services rendered
D	The seller has agreed to pay 1% of the closing costs

Question 19

What is a holographic will?

A	a will and testament that has been entirely handwritten and signed by the testator.
B	a will that has been approved by each family member.
C	a standard boiler plate will.
D	a will that displays in 3D

Question 20

What is homestead protection?

A	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
B	Gradual subsidence of waters, leaving dry land
C	The estimated value that an asset will have at then end of it's useful life
D	Net cash remaining to investor after sale of investment property