North Dakota License Law
North Dakota's real estate licensing law, NDCC Chapter 43-23, was enacted primarily to:
AGenerate revenue for the state through license fees
BProtect consumers by establishing minimum competency and ethical standards for persons engaged in real estate brokerage✓ Correct
CCreate a monopoly for existing real estate companies
DRegulate mortgage lending in North Dakota
Explanation
NDCC Chapter 43-23, like all real estate licensing laws, was enacted to protect the public in real estate transactions. By requiring education, examination, and adherence to ethical standards, the law ensures that consumers dealing with real estate licensees receive competent, honest representation.
Related North Dakota North Dakota License Law Questions
- The NDREC website publishes the license status of North Dakota real estate licensees primarily to:
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- How many hours of continuing education must North Dakota licensees complete per renewal period?
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