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!

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What is the registration fee for a subdivided lands application in North Dakota?

$50
$100
$200
$250

The correct answer is: $100

In North Dakota, the registration fee for a subdivided lands application is indeed $100. This fee is established as part of the regulations surrounding the development and sale of subdivided lands. The $100 fee covers the administrative costs incurred by the state in processing the application, including reviews and compliance checks to ensure that the subdivision meets state requirements. Understanding this fee is crucial for real estate professionals and developers who are involved in subdividing land, as it directly affects the overall cost of the project and may influence pricing strategies when selling the subdivided lots. Awareness of such fees is part of the due diligence process in real estate transactions, ensuring compliance with state laws.