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 45 hours of approved real estate pre-licensing education.
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.
North Dakota requires all active licensees to carry errors and omission insurance,
proof of which must be provided to the Commission office prior to the issuance of a real
estate license.
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.