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

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

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

Question 2

Is North Dakota a community property state?

A	Yes
B	No

Question 3

Does North Dakota have homestead laws?

A	No
B	Yes

Question 4

The Salesperson license fee costs how much?

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

Question 5

What tenancies does North Dakota allow?

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

Question 6

Standing trees would be considered:

A	Emblements
B	Personal Property
C	Chattels
D	Real property

Question 7

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

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

Question 8

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	In most circumstances, except when the buyer and seller are related
C	Only when both buyer and seller have legal representation
D	Only when both buyer and seller give informed consent to this arrangement

Question 9

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

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

Question 10

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 11

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	Gradual subsidence of waters, leaving dry land
D	The estimated value that an asset will have at then end of it's useful life

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 and testament that has been entirely handwritten and signed by the testator.
D	a will that displays in 3D

Question 13

Which is not necessary for a valid contract?

A	offer
B	legal object
C	due date
D	acceptance

Question 14

What term means "going to the state?"

A	Eminent Domain
B	escheat
C	police power
D	Taxation

Question 14 Explanation:

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

Question 15

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

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

Question 16

Does North Dakota have dower laws?

A	No
B	Yes

Question 17

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

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

Question 18

Does North Dakota allow Holographic wills?

A	No
B	Yes

Question 19

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 20

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

A	Habendum
B	novation
C	Premises
D	acknowledgement

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