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!

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.

Which situation is NOT covered by a claim to the Real Estate fund?

Fraud by a licensee
Nondisclosure of material facts
Failure to pay rent
Misrepresentation of property value

The correct answer is: Failure to pay rent

The correct choice reflects a situation that falls outside the coverage of claims to the Real Estate fund. The Real Estate fund is designed to provide financial relief to consumers who have suffered losses due to the misconduct of real estate licensees, such as fraud, nondisclosure of material facts, or misrepresentation. In contrast, failure to pay rent is a situation that typically falls under landlord-tenant law and is considered a contractual issue between the landlord and tenant. It does not pertain to the professional conduct of real estate licensees in the same way that fraud, nondisclosure, or misrepresentation do. The Real Estate fund aims to protect consumers from the unethical behavior of real estate professionals, rather than addressing disputes related to rental agreements, which are usually resolved through other legal avenues such as eviction proceedings or civil suits.