North Dakota Real Estate Practice Exam

Which of the following is NOT considered a real estate broker or salesperson?

1. A bona fide owner or lessor managing their own property

2. A qualified attorney handling real estate sales in court

3. An auctioneer conducting public auctions of real estate

4. A real estate broker receiving a commission

The correct answer is: A real estate broker receiving a commission

In the context of identifying individuals who do not fit the definition of a real estate broker or salesperson, it is important to focus on roles and activities that either do not involve representation in real estate transactions or are exempt from the definition under state laws. A bona fide owner or lessor managing their own property is not classified as a real estate broker or salesperson since they are acting in their capacity as the owner or manager of their own property, making decisions based purely on their own interests without representing others. Similarly, a qualified attorney handling real estate sales in court is performing legal duties, which can involve aspects of real estate but does not categorize them as a broker or salesperson since they are acting in the capacity of an attorney rather than a real estate professional. An auctioneer conducting public auctions of real estate may be involved in the sale of property, but they typically do not represent the buyer or the seller in a traditional broker sense. Their role is limited to facilitating the auction process rather than providing comprehensive brokerage services. In contrast, the option of a real estate broker receiving a commission is a prime example of someone who is operating within the parameters of the real estate industry, as brokers are specifically authorized and licensed to represent clients in buying, selling, or leasing properties and