SERIES NORTH DAKOTA REAL ESTATE EXAM (STATE TEST) COMPLETE QUESTIONS AND CORRECT ANSWERS | GRADED AND THE LATEST SERIES

2025-2026 SERIES
NORTH DAKOTA REAL ESTATE EXAM (STATE TEST)
COMPLETE QUESTIONS AND CORRECT ANSWERS |
GRADED AND THE LATEST SERIES
The Real Estate Commission consists of how many members?


Ans: 5


Question: How many of the commissions members must be active brokers


Ans: 3


Question: The governor appoints a commissions member for a term of how many

years?


Ans: 5


Question: Terms must be staggered so the term of one member expires each

year (T/F)


Ans: True


Question: The commission may submit a report to the governor and secretary of

state how often?


Ans: Biennial


Question: The commission shall maintain all files, records, and property of the

commission at the office of the:

, 2025-2026 SERIES
Ans: Executive Director


Question: Members of the commission receive how much compensation per day

actively engaged in the service?


Ans: Fifty Dollars


Question: All moneys or fees collected or received from the commission must be

deposited and disbursed in accordance with which section?


Ans: 54-44-12


Question: No company, LLC, association, etc. may hold a real estate license

unless at least how many partners hold are actively engaged as a real estate

agent / or hold a brokerage license?


Ans: One person


Question: means a licensee appointed by a designated broker of the

licensee's real estate brokerage firm to act solely for a client of that brokerage

firm to the exclusion of other licensees of that brokerage firm


Ans: Appointed agent


Question: means a person that has entered a written agency agreement with a

real estate brokerage firm.

, 2025-2026 SERIES
Ans: Client


Question: means a buyer, prospective buyer, seller, lessee, or lessor that is not

represented by that real estate brokerage firm in a real property transaction.


Ans: Customer


Question: means a licensee designated by a real estate brokerage firm to act

on behalf of the brokerage firm.


Ans: Designated Broker


Question: means a situation in which a real estate brokerage firm or the real

estate brokerage firm's licensees owe a duty to more than one party in a real

estate transaction.


Ans: Dual Agency


Question: "Dual agency" does not exist unless both the seller and the buyer in a

real estate transaction have written agency agreements with the same real

estate brokerage firm. (T/F)


Ans: True


Question: For purposes of "dual agency" a subagency arrangement is a written

agency agreement. (T/F)