North Dakota License Law
A North Dakota licensee who provides property management services for a fee is subject to NDREC oversight because:
AProperty management is classified as a building trade
BProperty management involving leasing, renting, and managing property for compensation falls within the definition of brokerage activity under NDCC Chapter 43-23✓ Correct
CThe NDREC oversees all service businesses in North Dakota
DProperty management requires a separate NDREC-issued property management license
Explanation
Under NDCC Chapter 43-23, activities that constitute real estate brokerage—including property management involving leasing and renting for compensation—are regulated by the NDREC and require a real estate license.
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