North Dakota Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Get ready for the North Dakota Real Estate Exam. Prepare with flashcards, multiple choice questions, and expert-curated content to ensure your success. Improve your knowledge and tackle the exam with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

In North Dakota, which entity oversees the Real Estate fund?

Department of Commerce
State Board of Higher Education
North Dakota Real Estate Commission
Department of Revenue

The correct answer is: North Dakota Real Estate Commission

The North Dakota Real Estate Commission is the entity responsible for overseeing the Real Estate fund in the state. This commission plays a critical role in regulating real estate practices, ensuring compliance with state laws, and protecting the interests of the public and real estate professionals. The Real Estate fund typically serves to provide support for various functions related to real estate education, licensing, and enforcement of laws governing real estate transactions. Other entities listed, such as the Department of Commerce and the State Board of Higher Education, have different responsibilities that do not specifically pertain to the regulation of real estate or the oversight of the Real Estate fund. The Department of Revenue oversees tax-related matters and does not have a role in real estate regulation. Thus, the North Dakota Real Estate Commission is uniquely positioned with the authority and responsibility to manage and oversee the Real Estate fund.