North Dakota Real Estate Practice Exam 2026 – Comprehensive All-in-One Guide for Exam Success!

The role of a real estate broker primarily revolves around representing clients for compensation. Brokers serve as intermediaries between buyers and sellers, as well as landlords and tenants, facilitating transactions and negotiations. Their duties entail guiding clients through the buying, selling, or leasing process while advocating for their best interests. This representation is typically compensated through commissions or fees once the transaction is successfully completed.

The other options do not encompass the full responsibilities and functions of a broker. Acting solely on their own interests does not reflect the fiduciary duty a broker has toward their clients. While managing rental properties may be a part of their services, it is not the exclusive focus of a broker’s role. Additionally, conducting appraisals is a specialized task typically performed by licensed appraisers rather than brokers alone, highlighting that a broker's functions are broader and client-oriented.