North Dakota License Law

A North Dakota broker-associate wishes to move to a new brokerage. What must happen first?

AThe licensee may simply begin working at the new brokerage
BThe NDREC must transfer the license to the new broker✓ Correct
CThe licensee must pass a new broker exam
DA 30-day waiting period is required between brokerages

Explanation

When a salesperson or associate broker changes employing brokers in North Dakota, the license must be transferred through the NDREC to the new employing broker before the licensee may conduct business.

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