North Dakota Real Estate Practice Exam

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Prepare for the North Dakota Real Estate Exam with our interactive quiz. Utilize multiple choice questions and detailed explanations to enhance your comprehension. Equip yourself for success in your upcoming exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

True or False: A broker's home may qualify as a place of business.

True
False
Only if approved by the commission
Only for part-time brokers

The correct answer is: False

The statement is false because a broker's home typically does not qualify as a place of business under North Dakota's real estate regulations. A place of business must meet specific requirements set forth by the North Dakota Real Estate Commission, including being a permanent, physical office with proper signage and facilities that are accessible to the public. While a broker may conduct some business-related activities from their home, it must be a separate, designated commercial space to be officially recognized as a place of business. This distinction ensures that there is adequate transparency and professional standards in real estate practices within the state.