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 License Requirements

Must be at least 18 years of age.
Must successfully complete at least 45 hours of approved real estate pre-licensing education.
All applicants must successfully pass the real estate exams before being licensed.
Salesperson applicants are allowed to take the examination before they have completed the education requirements, but they will not be licensed until after passing the examination.

North Dakota Sample Practice Real Estate Exam Questions and Answers

North Dakota State Section

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Question 1

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

A	Lessee
B	Lessor
C	Agent
D	Buyer

Question 2

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

A	Premises
B	acknowledgement
C	Habendum
D	novation

Question 3

Standing trees would be considered:

A	Chattels
B	Real property
C	Emblements
D	Personal Property

Question 4

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

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

Question 5

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

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

Question 6

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	Only when both buyer and seller have legal representation
B	In most circumstances, except when the buyer and seller are related
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 7

Does North Dakota have homestead laws?

A	Yes
B	No

Question 8

Does North Dakota allow Holographic wills?

A	Yes
B	No

Question 9

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

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

Question 10

What tenancies does North Dakota allow?

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

Question 11

What is homestead protection?

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

Question 12

What is a holographic will?

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

Question 13

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

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

Question 14

The Salesperson license fee costs how much?

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

Question 15

What term means "going to the state?"

A	Taxation
B	Eminent Domain
C	police power
D	escheat

Question 15 Explanation:

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

Question 16

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 17

Does North Dakota have dower laws?

A	Yes
B	No

Question 18

Which is not necessary for a valid contract?

A	acceptance
B	due date
C	offer
D	legal object

Question 19

Is North Dakota a community property state?

A	Yes
B	No

Question 20

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

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

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