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Practice Of Real EstateLicense LawEASY

Maria has held an active North Dakota real estate salesperson license for three years. She knows her license must be renewed and that continuing education is required. Under North Dakota Administrative Code Title 70, how many continuing education hours must Maria complete, and how often must she renew her license?

Correct Answer

B) 9 hours every year on an annual renewal cycle

North Dakota requires licensees to complete 9 hours of continuing education annually and renew their license each year. This annual cycle is distinct from the biennial or triennial cycles common in many other states and is specifically tested on the North Dakota state exam. The requirement is established under NDCC Chapter 43-23 and North Dakota Administrative Code Title 70.

Answer Options
A
12 hours every two years on a biennial renewal cycle
B
9 hours every year on an annual renewal cycle
C
15 hours every three years on a triennial renewal cycle
D
9 hours every two years on a biennial renewal cycle

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Related Topics & Key Terms

Key Terms:

continuing_educationlicense_renewalannual_cyclendreclicense_requirements

Related Concepts

Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.

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.

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