North Dakota Real Estate Bundled Exams Questions and Answers (2024/2025) (Complete and Accurate)

Real Estate: Property Management Exam Questions/Answers Latest Version Already Graded A When a broker or property manager signs a contract to manage an owner's property he becomes a Fiduciary In establishing a client's trust account, a property manager must do all of the following - co...

Real Estate Final Exam Questions and Answers Rated A+ A religious organization has asked their real estate agent to help them find a property to conduct church services. The type of real property the client is seeking is classified as: Special purpose Who creates a report based their visu...

UND Real Estate Pre-Licensure Course: ND License Law Latest 2024 Graded A+ appointed agent a broker that appoints a licensee of the brokerage firm to represent a client to the exclusion of others in the brokerage firm client a person that has a written agency agreement with a real estate bro...

ND Property Insurance Latest Update Graded A+ Insurance the transfer of financial responsibility associated with a potential of a loss (risk) to an insurance company, which in turn spreads the cost of unexpected losses to many individuals. Law of Large Numbers Principal stating that the la...

Real Estate Questions and Answers Rated A+ Many states determine the order of water rights according to which users of the water hold a recorded beneficial use permit. This allocation of water rights is determined by: A. accretion B. riparian theory C. littoral theory D. the doctrine of p...

Real Estate Licensing in North Dakota – Questions and Answers Already Passed The North Dakota Real Estate Commission (the commission) The governmental entity charged with overseeing the entire real estate industry in the state Office of Administrative Hearings (OAH) The entity that conduct...

North Dakota Real Estate Exam (State Test) Questions and Answers Already Passed The Real Estate Commission consists of how many members? 5 How many of the commissions members must be active brokers 3 The governor appoints a commissions member for a term of how many years? 5 Terms mus...

Real Estate Course North Dakota Questions and Answers100% Pass (Water Rights) Doctrine of Prior Appropriation Actual water is Controlled by the state (Water Rights) Coastal identifies territorial water rights. 12 nautical miles Economic Characteristics Effect Real Property Scarcity,Improvem...