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

The Salesperson license fee costs how much?

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

Question 2

What term means "going to the state?"

A	escheat
B	Taxation
C	Eminent Domain
D	police power

Question 2 Explanation:

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

Question 3

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

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

Question 4

Does North Dakota have dower laws?

A	Yes
B	No

Question 5

Standing trees would be considered:

A	Real property
B	Emblements
C	Chattels
D	Personal Property

Question 6

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

Question 7

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 8

Which is not necessary for a valid contract?

A	acceptance
B	due date
C	offer
D	legal object

Question 9

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

Question 10

Does North Dakota allow Holographic wills?

A	No
B	Yes

Question 11

Does North Dakota have homestead laws?

A	Yes
B	No

Question 12

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 gas
C	lock the tenant out of the apartment
D	shut off the power

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

Question 14

Is North Dakota a community property state?

A	Yes
B	No

Question 15

What is homestead protection?

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

Question 16

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

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

Question 17

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

A	Lessee
B	Lessor
C	Buyer
D	Agent

Question 18

What is a holographic will?

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

Question 19

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

A	novation
B	Habendum
C	Premises
D	acknowledgement

Question 20

What tenancies does North Dakota allow?

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

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North Dakota Real Estate Exam Prep

ND Salesperson Practice Exam

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