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Real Estate Salesperson Exam — National Portion

Supervision (ND): practice questions

Our Real Estate (National) bank has 3 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · North Dakota

What happens if a salesperson changes brokers without giving the commission notice?

  1. The old broker remains liable for the salesperson's acts
  2. The salesperson's license is automatically canceled
  3. The license is placed on inactive status for one year
  4. The new broker is fined for each unreported day worked
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B. The salesperson's license is automatically canceled — N.D.C.C. 43-23-12(2); written notice is due within five days.

Question 2 · North Dakota

From whom may a North Dakota salesperson accept a commission for licensed activity?

  1. The title company, when the closing statement shows the fee
  2. The buyer or seller directly, if the broker is told later
  3. Any licensed broker who cooperated in the same transaction
  4. Only the broker under whom the salesperson is licensed
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D. Only the broker under whom the salesperson is licensed — N.D.C.C. 43-23-11.1(1)(q).

Question 3 · North Dakota

May a North Dakota salesperson handle the closing of a real estate transaction?

  1. Only after completing a commission-approved closing course
  2. Yes, freely, once the salesperson has held a license for two full years
  3. Only under the broker's direct supervision unless the broker authorizes it
  4. Never; closings must be handled only by an attorney or a title company
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C. Only under the broker's direct supervision unless the broker authorizes it — N.D. Admin. Code 70-02-01-14.

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