North Dakota Real Estate Practice Exam

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Which section of the law covers license standards for real estate licenses?

43-23-08
43-24-10
43-22-03
43-23-05

The correct answer is: 43-23-08

The section of the law that specifically outlines the license standards for real estate licenses is 43-23-08. This section provides the regulatory framework and criteria that individuals must meet to obtain and maintain their real estate licenses in North Dakota. It typically includes information on educational requirements, examinations, and other qualifications necessary for licensure. Understanding this section is crucial for anyone involved in real estate activities in North Dakota, as it establishes the minimum standards that ensure real estate professionals are qualified to operate in the market, thereby protecting both the consumers and the industry. The inclusion of such guidelines is vital for maintaining the integrity and professionalism of real estate practices within the state.