North Dakota Continuing Education COURSE

Broker Responsibility
$39.00
3 Total hours
3 Elective hours
0 Mandatory hours
This North Dakota Broker course is designed to deepen broker licensees' comprehension of pivotal state laws and regulations. Brokers are responsible for ensuring that they and their brokerage team members comply with these requirements. The course explores these responsibilities that cover such diverse areas as the protection of funds that have been entrusted to them by others, office management, and monitoring the brokerage's advertising to comply with state rules. The course will empower brokers with the knowledge and tools necessary to navigate the complexities of real estate transactions and related requirements with confidence and expertise.
Course highlights include:
- Trust account requirements
- Commingling no-no's
- Trust account maintenance
- Recordkeeping and retention requirements
- Abandoned trust accounts
- Violations and grounds for disciplinary actions
- Designated brokers and license status
- Licensee transfers, nonresident licensees, and broker associates
- Agency relationship options
- Company policies
- Requirements related to teams and unlicensed assistants
- Advertising rules, requirements, and practices