Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of North Dakota or anyone looking to become a real estate agent or realtor in North Dakota. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The
North
Dakota Real Estate Commission handles all aspects of licensing the real estate
agents within the state, and adopts the regulations that will protect the public
and promote the real estate industry. You may
access
the license laws regulating real estate agents online.
The requirements for a
real estate salesperson license in North Dakota include being at least 18 years
of age and having successfully completed at least 30 hours of approved classroom real estate courses if
licensed before December 31, 2005, and having successfully completed at least 45 hours of
approved classroom courses if licensed after December 31, 2005. All applicants must successfully pass
the real estate exams before being licensed. Salesperson applicants are allowed to take the examination
before they have completed the education requirements, but they will not be licensed until after
passing the examination. The real estate salesperson needs to successfully complete 15 post-licensure hours
of approved courses within one year of becoming licensed.
The requirements for a
real estate broker license in North Dakota include being at least 18 years
of age and having completed an additional 60 hours of approved classroom courses. All applicants for
the broker license need to successfully pass the real estate exams. Brokers may not take the examinations
unless they have fulfilled the education requirements first. All applicants for the broker license need
to have been actively engaged as a licensed real estate salesperson for at least two years before applying
for the broker license, or they shall have had experience that the Commission believes is substantially equal
to that which a active salesperson would have had.
Broker applicants who could not acquire employment as a real estate salesperson because of conditions existing
in the area where the salesperson lives, may have the experience requirement waived by the Commission.
The educational requirements will not be waived, but certain educational courses might also satisfy
the experience requirement.
All applicants for a North Dakota real estate agent license must have a reputation
for honesty, truthfulness, and fair dealing. Licenses will not be issued to anyone
who has had a real estate license revoked in any state within the two years prior
to the date of their anticipated license application.
All real estate licensees need to complete at least 16 hours of approved
continuing
education courses every two years, with six of these hours being completed
within the first year. If not licensed for the full two years, the number of courses
required may be prorated. Approved correspondence courses are acceptable for the
continuing education requirement. Licensees who have held a real estate license
for at least fifteen continuous years are exempt from the continuing education
requirement
Information on the approved real estate schools for prelicensure and continuing education courses can
be obtained by calling the Real Estate Commission ( 701) 328-9749.
The examination fee is $130.00, and the license fee for a salesperson license is $100.00 and for
the broker license is $120.00. Licenses are issued for two year periods and will not be renewed unless
the continuing education requirement has been fulfilled. Renewal fees are the same as the original license fees.
North Dakota has
reciprocity agreements with states where the licensed broker is regularly engaged
in the real estate business as a vocation and where he maintains a definite place of business in the state
where he is licensed, and where the broker is not required to maintain an office in North Dakota.
The broker's home state needs to offer the same privilege to brokers licensed in North Dakota.
The nonresident broker needs to file an irrevocable consent regarding actions that may be commenced against
him.
All forms may be obtained directly from the Real Estate Commission office in Bismarck.
Real estate careers are strengthened by membership in the many organizations
that provide services for the professional agent. Organizations like the
North
Dakota Association of Realtors, with main offices in Bismarck, and the National
Association of Real Estate Brokers (
NAREB)
assist many in locating
real estate jobs within the industry. The Association
of Real Estate License Law Officials (
ARELLO)
and The National Association of Realtors (
NAR),
the world's largest professional association, are excellent resources for real
estate education and professional enrichment.
We also offer information and resources for North Dakota Commercial Mortgage