North Dakota Real Estate Practice Exam

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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!

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True or False: The terms of members of the Real Estate Commission must be staggered.

True
False
Only for brokers
Only for appointed members

The correct answer is: True

The statement is true because it is essential for the Real Estate Commission to have staggered terms for its members to ensure continuity and stability within the regulatory body. Staggering terms allows for some members to remain knowledgeable about ongoing projects and regulatory practices while new members are appointed, fostering a balance between new ideas and experienced oversight. In a situation where all members' terms would end simultaneously, the Commission could face disruptions in its activities, potentially leading to lapses in governance or regulation in the real estate market. This structure aims to maintain a consistent regulatory environment, which is crucial for both the industry and consumers. Thus, staggering terms contributes to the effective functioning of the Commission, promoting stability and ongoing accountability in the management of real estate practices.