North Dakota License Law
A North Dakota broker who operates under a business entity (LLC or corporation) must ensure that:
AThe entity holds the real estate license
BThe designated broker of the entity holds an active North Dakota broker's license and is responsible for all brokerage activities✓ Correct
CAll employees of the entity hold salesperson licenses
DThe entity registers with the NDREC as a non-profit
Explanation
While a business entity can operate a real estate brokerage, the entity must have a designated broker who holds an active broker's license and is responsible for all brokerage activities conducted through the entity.
Related North Dakota North Dakota License Law Questions
- Which document must a North Dakota real estate licensee provide when taking a listing that discloses which party they represent?
- How many questions are on the North Dakota real estate salesperson licensing exam?
- A North Dakota broker who operates a property management division must ensure that:
- A North Dakota licensee who changes employing brokers must:
- In North Dakota, which type of license is required for a company that wants to operate a real estate brokerage under a trade name?
- A North Dakota licensee who posts a property's lockbox code on social media has:
- A person who acts as a real estate broker without a license in North Dakota may be:
- When a North Dakota real estate licensee places a 'For Sale' sign on a property, the sign must:
Practice More North Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Dakota Quiz →