Document dated Apr. 7, 2025, was received on Apr. 24 due to a fixed feed.
Real Estate Licensing
Real estate broker may divide/share commission with licensed broker in another State if out-of-State broker does not negotiate on behalf of referred client or prospect in ND.
Removes the obligation for an applicant for a broker's license to have satisfactorily fulfilled the educational requirement before taking the broker's licensing examination.
Bill also removed the definition for residential real property from ND LEG 43-23-24.
Legislative History
On Jan. 7, 2025, bill introduced in House; on Feb. 3, 2025, bill was passed in House.
On Feb. 4, 2025, bill delivered to Senate; on Mar. 28, 2025, bill was passed in Senate.
On Apr. 4, 2025, bill sent to governor; on Apr. 7, 2025, bill approved by the governor.
Effectiveness
Bills without effective dates become effective on Aug. 1, unless appropriations or tax bills, in which case they become effective on Jul. 1, so bill effective on Aug. 1, 2025.
Regulators
ND LEG
Entity Types
CNSM; MG Orig
Reference
Bill HB1125, 4/7/2025; Citation: *ND LEG* 43-23-06.1, 43-23-08, 43-23-13.1, 43-23-24;
Functions
Compliance; Legal; Operations; Registration/Licensing; Training
