In North Dakota real estate licensing, a licensee misses the regular renewal deadline and then also misses the late renewal date. What should the licensee remember?
Correct Answer
A) The license is canceled, and relicensure requires satisfying application and examination requirements for prospective licensees
NDCC 43-23-13.1 cancels a license not renewed by the late renewal date and requires application and examination requirements for relicensure. Source basis: North Dakota Century Code Chapter 43-23: sections 43-23-05, 43-23-08, 43-23-08.2, 43-23-08.4, 43-23-09, 43-23-12, 43-23-13.1, and 43-23-19 govern licensing, age and education, CE, criminal history checks, broker designation/change, renewal, cancellation, and E&O. Checked 2026-04-30.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
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.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
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