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.

How to Become a Real Estate Agent in North Dakota

The requirements for a real estate agent’s license in ND require successful completion of a minimum of 45 hours of classes. From there, the applicant must pass the state and national portions of the real estate exam. With our North Dakota real estate study guides, students are fully protected by our money-back 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

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

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

Question 2

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 sit and pass the required exam
D	Must have lived in the state for more than a year

Question 3

What is a holographic will?

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

Question 4

What tenancies does North Dakota allow?

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

Question 5

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	Convicted of a felony
C	Depositing his/her clients escrow money into a personal account
D	Being authorized to accept and excessive commission.

Question 6

Does North Dakota have dower laws?

A	Yes
B	No

Question 7

The Salesperson license fee costs how much?

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

Question 8

What term means "going to the state?"

A	Eminent Domain
B	escheat
C	police power
D	Taxation

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

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

A	Habendum
B	novation
C	acknowledgement
D	Premises

Question 10

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 11

Is North Dakota a community property state?

A	Yes
B	No

Question 12

Does North Dakota have homestead laws?

A	Yes
B	No

Question 13

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 give informed consent to this arrangement
C	Only when both buyer and seller have legal representation
D	None; the broker may only collect compensation from one party to a transaction

Question 14

What is homestead protection?

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

Question 15

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

A	Lessee
B	Agent
C	Lessor
D	Buyer

Question 16

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

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

Question 17

Does North Dakota allow Holographic wills?

A	Yes
B	No

Question 18

Which is not necessary for a valid contract?

A	acceptance
B	due date
C	legal object
D	offer

Question 19

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

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

Question 20

Standing trees would be considered:

A	Emblements
B	Chattels
C	Real property
D	Personal Property

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