North Dakota Real Estate Practice Exam

Which of the following best describes the role of the Executive Director in the Real Estate Commission?

1. Responsible for financial compliance

2. Maintains files and records

3. Manages real estate licenses

4. Oversees commission meetings

The correct answer is: Maintains files and records

The role of the Executive Director in the Real Estate Commission encompasses various responsibilities that contribute to the effective operation of the commission. Among these, maintaining files and records is a fundamental aspect. This includes organizing and ensuring the proper storage of important documents related to real estate transactions, licenses, and compliance with state regulations. Accurate record-keeping is essential for transparency and accountability within the commission's operations, allowing for efficient retrieval of information as needed for audits, compliance checks, and public inquiries. While the Executive Director may have some involvement in financial compliance, managing real estate licenses, and overseeing commission meetings, the specific task of maintaining files and records is paramount. This foundational duty supports all other functions of the commission, ensuring that the organization runs smoothly and adheres to legal and regulatory standards.