Build your confidence and knowledge-base regarding North Dakota Real Estate Law to help prepare for the North Dakota Real Estate Salesperson Exam.

Features includes: 75 up-to-date questions 50+ Multiple Choice Questions True and False Questions 2 Matching Sections Feedback after each question Mobile, tablet, and desktop friendly 30 day access If you have any trouble accessing the quiz or have any questions, please email [email protected]

5 Sample Questions

Under the Subdivided Lands Act, the proposed offering statement should include what?

  • A. The name and principal address of the subdivider
  • B. A general description of the subdivided lands stating the total number of lots, parcels, units, or interests in the offering.
  • C. Any encumbrances, easements, liens, and restrictions, including zoning and other regulations, affecting the subdivided lands and each unit or lot, and a statement of all existing taxes and existing or proposed special taxes or assessments which affect the subdivided lands. 
  • D. All of the above

What of the following statements is false regarding the subdivided lands public offering statement? 

  • A. The public offering statement may not be used for any promotional purposes before registration of the subdivided lands and afterwards only if it is used in its entirety. 
  • B. The commission may require the subdivider to alter or amend the proposed public offering statement in order to assure full and fair disclosure to prospective purchasers.
  • C. The offering statement must be used as promotional material. 
  • D. No portion of the public offering statement may be underscored, italicized, or printed in larger or heavier or different color type than the remainder of the statement unless the commission requires it.

How many days after the notice of filing does the commission have to accept or reject a subdivided lands registration? 

  • A. 30
  • B. 60
  • C. 90
  • D. 120

Under the subdivided acts, which one of the following would need to be registered?

  • A. 5 acres in Cass County, North Dakota.
  • B. 5 parcels in Florida.
  • C. 3 lots in Arizona.
  • D. 3 parcels in Bismarck, ND.

Which of the following provisions does not apply to offers or disposition of an interest in land, under the Subdivided Lands Disposition Act?

  • A. A) If fewer than three separate lots, parcels, units, or interests in subdivided lands are offered by a person in a period of twelve months
  • B. B) If fewer than five separate lots, parcels, units, or interests in subdivided lands are offered by a person in a period of twelve months. 
  • C. C) By a purchaser of subdivided lands for the purchaser's own account in a single or isolated transaction.
  • D. B & C are both correct answers. 

More by Theresa Halvorson

North Dakota Real Estate License Law Practice Stud...

Build your confidence and knowledge-base regarding North Dakota Real Estate Law to help prepare for the North Dakota Real Estate Salesperson Exam. Features includes: 75 up-to-date questions 50+ Multiple Choice Questions True and False Questions 2 Matching Sections Feedback after each question Mobile, tablet, and desktop friendly 30 day access

$50.00