Additional Topics
John represents a South Dakota subdivision developer who wants to offer South Dakota
properties for sale in North Dakota. In accordance with North Dakota's Subdivided
Lands Disposition Act, which one of the following pieces of information is John (and the
developer) required to disclose to consumers in the public offering statement? - answer
Cost, completion and maintenance information for any improvements.
Desiree, Amelia, and Logan all suffered damages as a result of separate transactions
due to licensee Jonah's fraudulent behavior. How much money can each victim receive
from the North Dakota real estate education, research, and recovery fund? - answer
The total maximum payout possible is $15,000, which must be split amongst Desiree,
Amelia, and Logan.
Liam is a real estate licensee who failed to pay a final court-ordered judgement to a
former client. The client sought and received payment from North Dakota's real estate
education, research, and recovery fund. What's likely to happen to Liam? - answer
Liam’s license will be suspended until the amount distributed by the recover fund plus
interest is paid back in full.
Which one of the following is a true statement about the North Dakota Real Estate
Commission? - answer Commissioners are limited to serving two consecutive terms.
Which one of the following options describes a duty for which the North Dakota Real
Estate Commission is NOT responsible? - answerConducting all pre-licensing education
for North Dakota salesperson license applicants.
What's the first thing the NDREC will do after receiving a complaint about a real estate
licensee? - answerNotify the accused licensee.
Nyx just received notification that a former client filed a complaint against her with the
North Dakota Real Estate Commission. What does Nyx need to do now, and how long
does she have to do it? - answerShe has 20 days to formally respond to the complaint.
What action, if any, can the commission take once a licensee has been found guilty of
violating license laws? - answerThe commission can revoke or suspend the offender's
real estate license, or otherwise reprimand or discipline the licensee.
The commission suspended North Dakota licensee Rory's real estate license after an
investigation and hearing. What does this mean for Rory? - answerHe's not allowed to
practice real estate during the term of the suspension, which is temporary.
John represents a South Dakota subdivision developer who wants to offer South Dakota
properties for sale in North Dakota. In accordance with North Dakota's Subdivided
Lands Disposition Act, which one of the following pieces of information is John (and the
developer) required to disclose to consumers in the public offering statement? - answer
Cost, completion and maintenance information for any improvements.
Desiree, Amelia, and Logan all suffered damages as a result of separate transactions
due to licensee Jonah's fraudulent behavior. How much money can each victim receive
from the North Dakota real estate education, research, and recovery fund? - answer
The total maximum payout possible is $15,000, which must be split amongst Desiree,
Amelia, and Logan.
Liam is a real estate licensee who failed to pay a final court-ordered judgement to a
former client. The client sought and received payment from North Dakota's real estate
education, research, and recovery fund. What's likely to happen to Liam? - answer
Liam’s license will be suspended until the amount distributed by the recover fund plus
interest is paid back in full.
Which one of the following is a true statement about the North Dakota Real Estate
Commission? - answer Commissioners are limited to serving two consecutive terms.
Which one of the following options describes a duty for which the North Dakota Real
Estate Commission is NOT responsible? - answerConducting all pre-licensing education
for North Dakota salesperson license applicants.
What's the first thing the NDREC will do after receiving a complaint about a real estate
licensee? - answerNotify the accused licensee.
Nyx just received notification that a former client filed a complaint against her with the
North Dakota Real Estate Commission. What does Nyx need to do now, and how long
does she have to do it? - answerShe has 20 days to formally respond to the complaint.
What action, if any, can the commission take once a licensee has been found guilty of
violating license laws? - answerThe commission can revoke or suspend the offender's
real estate license, or otherwise reprimand or discipline the licensee.
The commission suspended North Dakota licensee Rory's real estate license after an
investigation and hearing. What does this mean for Rory? - answerHe's not allowed to
practice real estate during the term of the suspension, which is temporary.
