As you begin working as a North Dakota real estate agent, you are sure to find yourself with some questions. The process of obtaining your license and even working for the first year can bring up some confusion. Fortunately, the answers are available to help guide you through the process of establishing yourself.
This guide will answer some of the most common questions asked by new real estate agents.
1. How Do I Renew My Real Estate License in North Dakota?
In order to renew your real estate license, you first need to complete at least nine hours of continuing education provided by an approved provider. If you are still in your first year of licensure, you must complete 15 post-licensure hours of education.
These courses may be taken online or via correspondence. Extra hours you take will not carry over into the new year. You will be able to submit required materials online to renew your license.
2. Does North Dakota Have a Reciprocal Agreement with Any Other States?
Yes, North Dakota has reciprocal agreements with several other states. If you already have a real estate sales license in Iowa, Georgia, or Minnesota, it is easier for you to receive a real estate sales license in North Dakota.
This agreement allows you to waive a licensing examination if you already have a license. You can instead pay the salesperson and credit report fee with your license application. You must also submit your criminal history record check.
3. How Do I Become a North Dakota Real Estate Salesperson?
In order to become a real estate agent, you must first complete the educational requirements. You must take at least 45 hours of pre-licensing education in courses that the North Dakota Real Estate Commission has approved.
You must also take a real estate exam. In North Dakota, the testing centers are in Bismarck and Fargo, but you can schedule the examination online. This examination contains a national and state portion, both of which you must pass in order to work as a real estate agent.
Real estate sales professionals are required to undergo a background check while submitting a license application. You must also consent to a credit report and an application fee.
Finally, you will be required to carry errors and omission insurance. The real estate commission will ask for proof of this insurance.
4. What Topics Should I Study for North Dakota’s Real Estate Exam?
Several topics are essential for real estate success. Taking the time to study for the examination is helpful, and most of the material presented as part of the exam will be presented as part of pre-licensing education.
For the national portion of the exam, you should study agency relationships, contracts, finance, marketing regulations, property management, and real estate calculations.
The state portion of the exam requires knowledge of state laws, the real estate commission, licensing requirements, advertising, commissions, ethics, disclosures, and other local regulations.
The key to working in North Dakota as a successful real estate agent is education. Contact us for more information about staying up to date with your continuing education requirements.