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

Does North Dakota allow Holographic wills?

A	No
B	Yes

Question 2

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

Question 3

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

A	acknowledgement
B	novation
C	Habendum
D	Premises

Question 4

Is North Dakota a community property state?

A	No
B	Yes

Question 5

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

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

Question 6

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 7

Which is not necessary for a valid contract?

A	legal object
B	due date
C	acceptance
D	offer

Question 8

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

A	Lessor
B	Lessee
C	Agent
D	Buyer

Question 9

The Salesperson license fee costs how much?

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

Question 10

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

Question 11

Does North Dakota have homestead laws?

A	No
B	Yes

Question 12

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 13

Standing trees would be considered:

A	Personal Property
B	Chattels
C	Real property
D	Emblements

Question 14

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

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

Question 15

Does North Dakota have dower laws?

A	Yes
B	No

Question 16

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	In most circumstances, except when the buyer and seller are related
D	None; the broker may only collect compensation from one party to a transaction

Question 17

What term means "going to the state?"

A	escheat
B	police power
C	Eminent Domain
D	Taxation

Question 17 Explanation:

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

Question 18

What is homestead protection?

A	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
B	Net cash remaining to investor after sale of investment property
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 19

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