Things You May Not Know About Your ND Realtor

By
Services for Real Estate Pros with Ward County Notary Services

 

Minot, RealtorReal estate licenses are issued by the State of North Dakota.

 

Those wishing to sell Real Estate in ND must submit to a thorough background check that includes fingerprints and an extensive credit check. (the objective here is that if you can not handle your own finances you should not be handling others, especially on the biggest purchase of their lives)

Examples of those who may be denied: Recent bankruptcies, those with a lean against them for not paying rent or automotive payments, leans for credit card debt, medical debt, and more.

 

Anyone who would like to have a license MUST complete a course that is approved by the State of North Dakota. These courses range from 30 to 90 hours depending upon the State approved course/school.

 

Upon completion of the school's course exam the potential licensee must pass the State exam as well as a National exam.

 

Those who have successfully passed the exams can expect the following (approximate) cash expenditures:

Pre-licensing, fees to the ND Real estate Commission $120.00

Real Estate course $410.00 To $750.00

Errors and Omissions Insurance approximately $400.00

Minot MLS fees $704.00

Total cost just to get out of the gate (bear essentials) approximately $2,000.00

 

 

Posted by

WARD COUNTY NOTARY SERVICES

ROBERT L. TIMM, OWNER

201 Main Street South, Suite 116

 Minot North Dakota 58701

Bob Timm,  Facebook

Call or text 701-720-8513

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Ambassador
2,302,041
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

It is a big investment and not something to be taken lightly.  We go through a lot to wear the Realtor badge of honor.

Apr 18, 2017 09:57 AM #1
Rainmaker
1,162,912
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Indeed. We don't just get up in the morning and decide to sell real estate. It's a huge investment. Not to mention that we don't get paid until we consummate a deal. It is not for everyone.

Apr 18, 2017 10:26 AM #2
Rainer
352,503
Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

I like that your state requires a credit check.  I don't think CA Sales Associates have to get one, but I think they should!  I think CA could do a lot more to weed out people who are interested but have not shown the level professionalism and/or competence customers should expect. 

 

Apr 18, 2017 10:59 AM #3
Rainmaker
1,593,173
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I agree Belinda Spillman and I believe the majority of the public is unaware of what we go through just to get a license. It's after that that the REAL education begins.

Apr 18, 2017 11:25 AM #4
Rainmaker
1,593,173
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Jane Peters it is a big investment in time and money and most potential agents who come to me can't afford all that money up front.

Apr 18, 2017 11:26 AM #5
Rainmaker
1,593,173
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I would have at least two new agents just this year alone if it were not for the credit check Jim Cheney . One for hospital bills and the other a dispute with a car dealer over a vehicle he returned.

Apr 18, 2017 11:28 AM #6
Rainmaker
3,980,731
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I hope Minnesota tightens up theri process soon.  To many fly-by-night people

Apr 18, 2017 02:59 PM #7
Rainmaker
1,593,173
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

MN is usually very stringent on rules, I'm surprised their Real Estate  licensing rules are lacking William Feela .

Apr 18, 2017 06:00 PM #8
Rainmaker
2,882,211
James Dray
Fathom Realty - Rogers, AR
Exceptional Agents, Outstanding Results

Good morning Bob.  About the same around here except for the credit check. 

Apr 19, 2017 02:09 AM #9
Rainmaker
1,593,173
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

The credit check has cost me a few good potential agents James Dray .

Apr 19, 2017 06:17 AM #10
Ambassador
3,982,852
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Interesting that licensees have t go through a credit check. In Tennessee, that has not happened yet.

Apr 19, 2017 02:05 PM #11
Rainmaker
1,593,173
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

From the responses I'm getting Debbie Reynolds it seems we may be unique.

Apr 19, 2017 04:17 PM #12
Rainmaker
1,486,998
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

We do not have credit check as well. 

Getting a RE license is still quite easy, but it is not cheap. 

Apr 20, 2017 12:18 AM #13
Rainmaker
1,593,173
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I wouldn't mind if it were a bit more difficult to obtain a license but I am starting to question the credit check in North Dakota Inna Ivchenko being once you get your license they don't seem to care if you go through a bankruptcy.

Apr 20, 2017 04:45 PM #14
Rainmaker
3,247,489
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Bob

A Realtor is aslso committed to the Realtors Code of Ethics in representing their buyers and sellers.

Good luck and success.

Lou Ludwig

Apr 22, 2017 06:56 PM #15
Rainmaker
1,593,173
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

That's right Lou Ludwig and I take that code very seriously.

Apr 22, 2017 07:24 PM #16
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Bob "RealMan" Timm

Owner of Ward Co. Notary Services, retired Realtor
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