North Dakota Salesperson Exam Prep Edge Free Assessment for ND Real Estate Exam Prep

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In order to become a North Dakota real estate agent, you'll need to pass the real estate exam! Below are free North Dakota real estate practice exam questions that will closely resemble your licensing exam. Review these questions and see what you know! The answers are provided beneath the question set.

1. Which of the following describes the purpose of the public offering statement as required by North Dakota’s Subdivided Lands Disposition Act?

  1. "To advertise the subdivision’s lots for sale to consumers.
  2. To disclose material facts about the subdivision to consumers.
  3. To make official an offer for purchase to a subdivider for a parcel of the subdivision.
  4. To register the subdivision as available for sale to the public.

2. Jasmine is a real estate licensee, but she is not a REALTOR®. Has Jasmine agreed to abide by the conduct outlined in NAR's Code of Ethics?

  1. No, no one agrees to abide by the conduct outlined in NAR's Code of Ethics.
  2. No, since she is not a REALTOR®, she's not bound by NAR's Code of Ethics.
  3. Yes, as a licensee, she's bound by the code as adopted by the NDREC, and will be held accountable by the NDREC.
  4. Yes, she's bound by NAR's Code of Ethics as long as she has held a license for more than five years and earns more than $10,000 in commissions each year.

3. Cherie, a salesperson in North Dakota, is designing some online ads that omit her brokerage and designated broker’s name. What is true about this situation according to North Dakota advertising rules?

  1. Cherie may not advertise separately from her firm.
  2. Cherie must use her first name in all ads.
  3. Cherie’s designated broker’s name or her firm’s name must be included in the advertisement.
  4. Online ads don’t have to follow NDREC rules and regulations.

4. A North Dakota licensee who has a broker's license but is employed and supervised by another licensed broker is called a(n) ______.

  1. Affiliated broker
  2. Broker associate
  3. Salesperson
  4. Sub-broker

5. Matteo is helping his colleague negotiate a commercial real estate transaction with a commercial broker in North Dakota, and his colleague has agreed to pay Matteo a percentage of the first year's profit if the deal comes together. Why does Matteo need a real estate license?

  1. He’s negotiating on another’s behalf, for compensation.
  2. He’s negotiating with a real estate licensee.
  3. It's a commercial transaction.
  4. The transaction is valued at more than $1 million.

6. North Dakota broker Pam opened a new trust account. For Pam to comply with NDREC regulations, what must be true about the financial institution?

  1. It is a federally insured depository institution located in North Dakota.
  2. It is in the same county as Pam’s brokerage.
  3. It offers optional liability insurance to all account holders.
  4. It offers real estate financial planning.

7. Ronnie can’t wait to get his North Dakota broker’s license. Which one of the following issues might prevent him from doing this?

  1. He hasn’t obtained errors and omissions insurance.
  2. He’s only 19 years old.
  3. He’s only worked as a licensed salesperson for 36 months.
  4. It took him more than 70 hours to complete his pre-licensing education course.

8. Broker Casey received escrow money after his client’s offer had been accepted. Per North Dakota regulations, within how many banking days must the funds be deposited?

  1. 10 days
  2. Five days
  3. One day
  4. Three days
Answers: 1. B, 2. B, 3. C, 4. B, 5. A, 6. A, 7. A, 8. C

 

For a more comprehensive view into the types of questions you can expect on the exam, sign up for our free assessment. You’ll have the chance to review a 99-question real estate practice exam at no cost to you. Note that answers are only provided upon purchasing Exam Prep.

If you’re ready to feel confident about your upcoming licensing exam, you can purchase our North Dakota real estate Exam Prep package. By purchasing one of our packages, you not only get to see the results from your free assessment, but you’ll also have access to an innovative Exam Prep Edge program that will put you in the best position to pass your test the first time around.

Here's What You Need to Know About Your Free Assessment

What is it?

Your free assessment consists of access to the Exam Prep Edge initial assessment exam that will give you immediate feedback on the topics you’ve mastered and the ones you still need to work on. Note that you’re required to purchase the program before you’re able to access the study materials or unlimited practice exams.

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It's simple. Choose the program you want to try, sign up, and you're ready to get started. We won't even ask for credit card information until you're ready to buy.

Will my progress be saved?

Yes! The score from your free assessment will be saved. When you purchase the program, your progress will seamlessly transfer and you can pick up right where you left off.

What will it cost me?

Nothing at all! When we say free, we really mean it. Getting your real estate license is an investment and we want to show you how committed we are to helping you pass your exam. Take it for a test drive - you won’t be disappointed. Ready to buy?

Am I obligated to purchase by signing up?

Nope! We want you to be completely satisfied with Exam Prep Edge. You're not obligated to anything if you don't want to buy.

What happens when my free trial ends?

When you complete your free assessment, your program will be locked until you decide to purchase. If you like the program, you can purchase at any time. Get started!

 

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