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)
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)
