For the North Dakota salesperson state portion, a salesperson applicant asks why NDREC runs a credit history. Which statement is correct?
Correct Answer
C) NDREC must determine the applicant credit history is acceptable
NDREC lists credit history run and determined acceptable by NDREC as a salesperson licensing standard. Source basis: North Dakota Real Estate Commission official How To Apply page: salesperson applications are online only; resident applicants need NDREC-certified 90-hour prelicensure education, exams, fingerprints, credit/criminal history review, request to issue license, active-broker approval for active status, E&O proof, and display/posting after issue. Checked 2026-04-30.
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Related Topics & Key Terms
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Related Concepts
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
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