CE shops pretest questions
Burt doesn't have a real estate license, but he helped his friend Kiko sell her home.
What can Burt legally receive as compensation? - answerA heartfelt thank you
Article 3 of the NAR Code of Ethics requires its members to cooperate. It doesn't require
them to _______. - answer Offer compensation to the cooperating broker
Which of the following situations is NOT exempt from the registration requirements of
North Dakota's Subdivided Lands Disposition Act? - answerA subdivider selling
unimproved land with no structures on it
Jodie represents a subdivision developer in South Dakota who wants to sell some of his
properties in North Dakota. He knows he'll have to adhere to North Dakota's Subdivided
Lands Disposition Act to do so. Which one of the following actions would violate the
act? - answerMaking false statements about the subdivided lands
James wanted to sell his condo, so he signed an exclusive right-to-sell listing
agreement with North Dakota licensee Franklin. James accepted a purchase offer and
was two weeks away from closing when he decided not to go through with the sale.
Does he owe Franklin any compensation? - answerYes, Franklin earned compensation
when James signed an exclusive right-to-sell listing agreement and an offer was made
and accepted.
Nyx was notified that a former client filed a complaint against her with the NDREC.
What does Nyx need to do, and how long does she have to do it? - answerShe has 20
days to formally respond to the complaint.
What is the permanent removal of a real estate license called? - answerRevocation
North Dakota licensee Sue resorted to using some illegal sales tactics, and found she
was making good money. When a consumer filed a complaint against Sue, the
commission decided to prevent her from continuing her real estate practices
permanently by _______. - answerRevoking her license
How many members serve on the North Dakota Real Estate Commission at any given
time? - answer5
The Subdivided Lands Disposition Act regulates transactions involving land located
outside of North Dakota that will divided into how many parcels? - answerFive or more
Agent Marco has an exclusive agreement with Kaley, but the agreement doesn't have a
specific date of termination. This means that ______. - answerThe agreement isn't valid
Burt doesn't have a real estate license, but he helped his friend Kiko sell her home.
What can Burt legally receive as compensation? - answerA heartfelt thank you
Article 3 of the NAR Code of Ethics requires its members to cooperate. It doesn't require
them to _______. - answer Offer compensation to the cooperating broker
Which of the following situations is NOT exempt from the registration requirements of
North Dakota's Subdivided Lands Disposition Act? - answerA subdivider selling
unimproved land with no structures on it
Jodie represents a subdivision developer in South Dakota who wants to sell some of his
properties in North Dakota. He knows he'll have to adhere to North Dakota's Subdivided
Lands Disposition Act to do so. Which one of the following actions would violate the
act? - answerMaking false statements about the subdivided lands
James wanted to sell his condo, so he signed an exclusive right-to-sell listing
agreement with North Dakota licensee Franklin. James accepted a purchase offer and
was two weeks away from closing when he decided not to go through with the sale.
Does he owe Franklin any compensation? - answerYes, Franklin earned compensation
when James signed an exclusive right-to-sell listing agreement and an offer was made
and accepted.
Nyx was notified that a former client filed a complaint against her with the NDREC.
What does Nyx need to do, and how long does she have to do it? - answerShe has 20
days to formally respond to the complaint.
What is the permanent removal of a real estate license called? - answerRevocation
North Dakota licensee Sue resorted to using some illegal sales tactics, and found she
was making good money. When a consumer filed a complaint against Sue, the
commission decided to prevent her from continuing her real estate practices
permanently by _______. - answerRevoking her license
How many members serve on the North Dakota Real Estate Commission at any given
time? - answer5
The Subdivided Lands Disposition Act regulates transactions involving land located
outside of North Dakota that will divided into how many parcels? - answerFive or more
Agent Marco has an exclusive agreement with Kaley, but the agreement doesn't have a
specific date of termination. This means that ______. - answerThe agreement isn't valid
