North dakota real estate - Study guides, Class notes & Summaries

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 must be staggered so the term of one member expires each year (T/F) - True The commission may submit a report to the governor and secretary of state how often? - Biennial The commission shall maintain all files, records, and property of the commission at the office of the: - Executive D...

North Dakota Real Estate Exam (State Test) 100% Correct

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,Improvement, Permanence, Situs Chattel (personal property) Items that do not fit into the definition of real property; movable objects: another word for personal property. Real Property Transferred by de...

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 conducts all hearings into complaints made against licensees Suspension The temporary halting of licensure and licensing privileges; a licensee may not practice activities requiring a license while the ...

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 brokerage firm dual agency one broker represents a buyer and a seller in a single transaction real estate any interest in land, other than oil, gas or mineral leases real estate broker any perso...

UND Real Estate Pre-Licensure Course: ND License Law Latest Update 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 brokerage firm dual agency one broker represents a buyer and a seller in a single transaction real estate any interest in land, other than oil, gas or mineral leases real estate broker an...

Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024 Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer Which of the following is true about leverage? - ANSWER Leverage is the use of borrowed funds to purchase assets. Which of the following liens would take priority? - ANSWER A property tax lien In which of the following theories of mortgage lending does the borrower not retain ownership of the property during the loan ...

Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024 Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer Which of the following is true about leverage? - ANSWER Leverage is the use of borrowed funds to purchase assets. Which of the following liens would take priority? - ANSWER A property tax lien In which of the following theories of mortgage lending does the borrower not retain ownership of the property during the loan ...

REAL ESTATE LICENSING IN NORTH DAKOTA EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ The North Dakota Real Estate Commission (the commission) Correct Answer: The governmental entity charged with overseeing the entire real estate industry in the state Office of Administrative Hearings (OAH) Correct Answer: The entity that conducts all hearings into complaints made against licensees Suspension Correct Answer: The temporary halting of licensure and lic...