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

Does North Dakota have dower laws?

A	No
B	Yes

Question 2

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 seller agrees to the price.
C	Once the offer sheet is signed.
D	When the buyer moves in.

Question 3

What term means "going to the state?"

A	police power
B	escheat
C	Taxation
D	Eminent Domain

Question 3 Explanation:

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

Question 4

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

A	Premises
B	acknowledgement
C	Habendum
D	novation

Question 5

The Salesperson license fee costs how much?

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

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

Question 7

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

Question 10

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 11

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

A	Buyer
B	Lessee
C	Lessor
D	Agent

Question 12

What tenancies does North Dakota allow?

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

Question 13

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

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

Question 14

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 15

What is a holographic will?

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

Question 16

Which is not necessary for a valid contract?

A	due date
B	offer
C	legal object
D	acceptance

Question 17

Is North Dakota a community property state?

A	Yes
B	No

Question 18

Does North Dakota have homestead laws?

A	No
B	Yes

Question 19

What is homestead protection?

A	The estimated value that an asset will have at then end of it's useful life
B	Net cash remaining to investor after sale of investment property
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 20

Standing trees would be considered:

A	Emblements
B	Personal Property
C	Real property
D	Chattels

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