North Dakota License Law
Under NDCC 43-23, a North Dakota real estate license is required for anyone who:
ASells their own personal residence
BAssists another person in buying or selling real estate for compensation✓ Correct
CManages their own rental property
DInherits real estate and sells it
Explanation
A license is required when you represent another person in a real estate transaction for compensation. Selling your own property, managing your own rentals, and selling inherited property are exempt activities.
Related North Dakota North Dakota License Law Questions
- A North Dakota licensee who participates in a transaction involving property they personally own must:
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- A North Dakota licensee must keep records of all real estate transactions for the NDREC's inspection for a minimum of:
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