ND Real Estate case studies
ND Real Estate · Put your knowledge to work in context.
The North Dakota Real Estate Salesperson Examination is the licensing test that the state uses to confirm a candidate is ready to work under a licensed broker. It is meant for people entering the field for the first time - career changers, recent graduates, and part-time agents - who have completed the state's pre-licensing education requirement and now need to demonstrate competence before applying for a license. The ND Real Estate case studies are 5 cases and about 3,465 words.
1The Life Tenant, the Wind Lease, and the Neighbor's Grain Trucks
Harlan owned Riverbend Farm, 160 acres in Traill County. In 2009 he conveyed it "to my son Drew for life, and upon Drew's death to Drew's children, per stirpes." Harlan died in 2011.
718 words, about 4 min2The Text Message That Arrived Twenty Minutes Late
Dana is designated broker of Prairie Winds Realty in Fargo. On May 2 the firm listed 412 Elm Street at 319,900.
728 words, about 4 min3The Appraisal Gap and the Borrower Who Is Nine Points Over
Priya has a signed purchase agreement for a 312,000 house, closing in 30 days. She applied for a conventional 90% loan, 280,800, at 6.5% for 30 years.
673 words, about 3 min4Payroll, the $750 Finder's Fee, and the Erased Power Line
Dana's firm also manages 40 rental units and holds 58,000 of tenant security deposits. In March, cash flow tightened and Dana moved 22,000 of deposits into the firm's operating account to make payroll, intending to repay it from April rents; it was repaid on April 18.
672 words, about 3 min5Three Applicants, One Duplex, and a Bad Instruction
Marco owns a duplex at 1215 4th Avenue and hired Jenna's property management firm. Marco told Jenna: "Keep this quiet, but no kids in the upstairs unit - the last tenants' kids destroyed it." The upstairs unit is 900 square feet, two bedrooms, 1,150 per month.
674 words, about 3 min