For the North Dakota salesperson state portion, an applicant wants the new North Dakota salesperson license issued active. Which statement is correct?
Correct Answer
B) The applicant must have the broker approve the application to issue the active license
NDREC states that applicants wanting an active license must have the broker approve the application to issue the license. 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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Key Terms:
Related Concepts
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
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