North Dakota Real Estate Practice Exam

What must accompany initial and annual license renewals?

1. A fee not more than $200

2. A fee of $500

3. A fee of $100

4. A fee of $250

The correct answer is: A fee not more than $200

For initial and annual license renewals in North Dakota, the requirement is to accompany the renewal application with a fee not more than $200. This fee structure is designed to ensure that the licensing process remains accessible while providing necessary funding for regulatory oversight. Maintaining a fee limit allows licensees to budget accordingly and encourages compliance with renewal requirements, helping to ensure that real estate professionals remain licensed and, consequently, that they adhere to industry standards and regulations. The specified maximum amount also reflects a common practice in many states to ensure that fees do not become a barrier to practicing in the industry. The other fee amounts listed do not align with the established regulatory guidelines for North Dakota license renewals, which is why they are not the correct choice in this context.