North Dakota Real Estate Practice Exam

Are licensees who have held a license for fifteen continuous years on January 1, 1984, exempt from continuing education requirements?

1. True

2. False

3. Only in certain circumstances

4. Only after additional training

The correct answer is: True

In North Dakota, licensees who have held their real estate license for fifteen continuous years as of January 1, 1984, were indeed granted an exemption from continuing education requirements. This specific provision acknowledges the extensive experience and established knowledge these long-term licensees have acquired over the years. The rationale behind this exemption is based on the understanding that individuals who have maintained their licensure for such a significant duration are likely to possess a comprehensive understanding of real estate practices, laws, and ethics, thereby minimizing the necessity for additional formal education. Other options suggest varying conditions for the exemption, which does not align with the established rules in North Dakota regarding this long-standing provision. Therefore, the accurate answer reflects the criteria set forth at that time regarding the continuing education exemptions based on longevity in the profession.