ND Real Estate study plan

List the age, education, examination, and application requirements for a North Dakota real estate salesperson license and describe what each step verifies about the applicant.

Diagram the structure and authority of the North Dakota Real Estate Commission, including how members are appointed, how long they serve, and the scope of its rulemaking, licensing, and disciplinary powers.

Distinguish among the license types and statuses North Dakota recognizes (broker, associate broker, salesperson, property manager; active versus inactive) and state precisely what activities each license does and does not permit.

Describe the renewal and continuing education cycle for North Dakota licensees, including the number of hours required and any mandatory subject areas.

Trace the complaint-to-sanction disciplinary process from the filing of a complaint through investigation, hearing, and the range of penalties the Commission may impose.

Match each prohibited act in the North Dakota license law (for example, commingling, undisclosed dual compensation, and unlicensed brokerage) to a concrete fact pattern and identify the likely sanction.

Compare the duties owed to a client with the duties owed to a customer, and map each fiduciary duty (care, obedience, loyalty, disclosure, accounting, confidentiality) to a scenario that would breach it.

Classify a described relationship as single agency, dual agency, subagency, or transaction brokerage, and state the written disclosure and consent North Dakota requires before each is formed.

Apply the statute of frauds and the essential-element test to decide whether a given oral or written real estate agreement is enforceable.

Outline the available remedies for breach of a real estate contract, including rescission, compensatory damages, specific performance, liquidated damages, and earnest money forfeiture.

Evaluate whether an offer, counteroffer, or acceptance has created a binding contract by testing for offer, acceptance, consideration, capacity, legality, and mutual assent.

Build a contingency timeline for a purchase agreement (inspection, financing, appraisal, sale-of-buyer's-home) and state what happens to the earnest money if each contingency is satisfied, waived, or breached.

Compute value using all three approaches - sales comparison with adjustments, cost approach with accrued depreciation, and income approach using both gross rent multiplier and capitalization rate - on practice figures.

Differentiate market value, assessed value, insurable value, and investment value, and explain which one governs each of a lender, a tax assessor, and a buyer.

Explain when a licensee may prepare a broker price opinion or comparative market analysis and where that line sits relative to a licensed appraiser's scope of practice.

Compare conventional, FHA, VA, and USDA financing on down payment, mortgage insurance, and eligibility, and identify the clause (acceleration, due-on-sale, prepayment penalty) at issue in a given loan scenario.

Calculate monthly PITI, loan-to-value ratio, and housing and total debt-to-income qualifying ratios from a set of borrower figures.

Write the procedural steps a North Dakota broker must follow for trust fund handling, including timely deposit, approved account type, prohibition on commingling, and recordkeeping.

Describe the required elements and term limits of a North Dakota listing agreement and identify which of them, if missing or altered, could void or reshape the agreement.

Apply North Dakota advertising rules to sample ads by spotting missing brokerage identification, misleading claims, and improper team or unlicensed-assistant advertising.

Sequence the steps of a North Dakota transaction from listing appointment to closing, naming the disclosure each party must receive and when it must be delivered.

Distinguish the forms of co-ownership (severalty, tenancy in common, joint tenancy, tenancy by the entirety) by right of survivorship, unity requirements, and creditor exposure.

Classify encumbrances as easements, liens, deed restrictions, or encroachments, and predict which survives a foreclosure or a transfer of title.

Explain the difference between a mechanic's lien, a mortgage lien, and a judgment lien in priority and in how each is cleared at closing.

Explain the duties a North Dakota property manager owes a client regarding security deposits, rent collection, and maintenance authority.

Apply zoning, subdivision, and land use controls - including nonconforming use, variance, conditional use permit, and the police power/eminent domain distinction - to a described parcel.

Distinguish real property from personal property by applying the fixture tests (annexation, adaptation, intention) to a list of items.

Order the title transfer process: deed execution, delivery, acceptance, recording, and the effect of recording statutes on a later bona fide purchaser.

Compare warranty, special warranty, bargain and sale, and quitclaim deeds by the covenants each conveys.

Identify the North Dakota seller's property disclosure obligations, the timing of delivery, and the consequences of a seller's failure to disclose a known material defect.

List the federal fair housing protected classes and then list the additional protected classes under the North Dakota Human Rights Act, verifying each against the current state statute before committing it to notes.

Detect fair housing violations in advertising, showing instructions, and steering scenarios, and state the correct compliant alternative for each.

Explain the consumer protection rules that govern licensees: prohibitions on deceptive advertising, antitrust limits on discussing commission rates with competitors, and do-not-call obligations.

Describe the closing process, including the roles of escrow, settlement agent, lender, and recorder, and where title insurance and the closing disclosure fit.

Explain RESPA Section 8 restrictions on referral fees and kickbacks and distinguish a permitted marketing agreement from an illegal referral fee.

Re-derive the scoring gaps identified in the week 4 and week 6 error logs and close each gap by re-studying the underlying rule, not the specific question.

Complete two timed full-length practice exams under test-day conditions and compare scores to the week 4 baseline.

Recite from memory the North Dakota license law numbers most likely to be tested: renewal cycle, continuing education hours, trust fund deposit timing, and license statuses.

Recompute the math-heavy items (PITI, LTV, DTI, GRM, capitalization, commission splits, proration) until three consecutive attempts are error-free.

Write a one-page test-day logistics plan covering appointment confirmation, identification requirements, calculator and scratch-paper rules, and pacing per question.