Latest News

Other news and archived news

July 1, 2021

 

For more information, call 701.328.9737

N.D. Real Estate Commission elects leaders

Bismarck, ND – The North Dakota Real Estate Commission at its June meeting elected commissioners Steven Bitz and Steven Link to serve as Chair and Vice Chair, respectively. The leadership positions begin July 1, 2021 and continue through June 30, 2022.

Bitz is broker associate at Bitz Realty, Bismarck. He has served on the commission after his appointment in 2018, the past year as vice chair. Bitz has been licensed since 1995. Link, the broker of Pifer's Auction & Realty based in Moorhead, Minnesota, has been licensed since 2003 and was appointed to the commission in 2019.

The leadership positions rotate to different commissioners each year. Commissioner Sandra Meyer completed her year as chair on June 30, 2020.

The North Dakota Real Estate Commission consists of five members appointed by the governor for five-year terms. Three of the commissioners must be licensed real estate brokers. Their mission is to protect the public by licensing and regulating real estate agents in North Dakota. Other 2021-2022 commissioners are Tate Cymbaluk and Scott Breidenbach.

#

Prepare for upcoming license renewals: E&O, CE, deadlines

 

Online annual renewals are not open yet, but when they are, all active and inactive licensees will be sent an email with detailed instructions. Until that time, the N.D. Real Estate Commission (NDREC) alerts you to these renewal changes, processes and deadlines.

 

  • E&O certificates will not need to be uploaded with renewals – but you need continued insurance – NDREC decided that licensees will not need to upload their certificate of proof of errors and omissions (E&O) insurance with their license renewals. However, at the time licensees renew, they must have renewed individual E&O insurance through Rice Insurance or have current E&O insurance through their firm or another provider. NDREC has ongoing processes in place to determine if all licensees are insured.
    • Individual insurance through Rice Insurance -- NDREC gets daily digital updates from Rice Insurance that include all licensees who have renewed or purchased new policies.
    • Other E&O insurance that is not purchased through Rice Insurance -- NDREC contacts all firms or individuals with E&O insurance in the month before the E&O insurance expires. This email contact is a reminder to email NDREC the ACORD25 form with proof of insurance before the current insurance expires.
  • Continuing education (CE) must be completed before renewal is submitted – Remember: there is no mandatory CE topic this year. Also remember that that the timing of completing CE is very important. Though this is not new, the commission stresses that active licensees must complete 9 hours of NDREC-approved continuing education and provide proof of this to their designated broker before they renew. As part of each renewal, the designated broker certifies that the licensee has completed the 9 hours of continuing education at the time they are renewing. When NDREC audits licensees’ CE, NDREC looks at when continuing education was completed. Not only must it have been completed by the November 15 due date, but also it should have been finished before the broker certified that the licensee’s CE was done. NDREC can begin disciplinary actions if CE is not completed as required.
  • Due dates, late fees, the “cancel” deadline of Jan. 15

November 15, 2021 – Continuing education must be completed if a licensee renews as active.

November 15, 2021 -- Renewals must be submitted by this date or late fees are assessed.

November 16, 2021 – Late fees begin for all renewals submitted on this date or later.

January 15, 2022 -- All inactive or active licensees must renew their license by this date or their license is cancelled. The January 15 deadline is a new law change made by the 2021 legislature. The January 15 date moves up the deadline, which used to be March.

 

As always, check out www.realestatend.org for more information on licensing and the law. This information was also published in the NDAR newsletter, summer 2021 issue.

#

As always, check out the NDREC website:

Online services

How to apply

Continuing education

Disciplinary action

 

Archived news

 

Governor appoints Tate Cymbaluk to the

N.D. Real Estate Commission

 

Bismarck, N.D. – Governor Doug Burgum appointed Tate Cymbaluk, Williston, to a five-year term on the North Dakota Real Estate Commission. Tate’s term began July 1, 2020. He fills the position vacated by Roger Cymbaluk, Williston, whose fifth term on the commission ended June 30, 2020.

 

Tate Cymbaluk is broker/owner of Basin Brokers in Williston and Watford City, N.D., and Plentywood, Montana. He has been licensed since 1996, when he joined his father, Roger, in the family business.

 

Cymbaluk continues to be active in the N.D. Association of Realtors® (NDAR), currently serving as Political Action Committee Trustee and Federal Political Coordinator to Senator John Hoeven. He is also a past president of NDAR.

 

Since 2010, Cymbaluk has served as a Williston City Commissioner responsible for the police and fire portfolios. Also since 2010, he has been on the Williams County Planning and Zoning Commission, and has chaired that commission since 2012. He is Immediate Past President of the North Dakota League of Cities.

 

Cymbaluk added: “I am very active and supportive within many community events including Relay for Life, Christmas for Veterans, Christmas for Kids, Opportunity Foundation, Coyote Foundation as President, Williston Lions, Williston Board of Realtors, First Lutheran Church and a few others as well. I am married to my wife, Jody, and together we have three children and three grandchildren: Grant, Addison, Mckenzie (Raymond) and their children Finley, Paisley & Sutton. Family, community, work and in that exact order, too.”

 

The North Dakota Real Estate Commission consists of five members appointed by the governor for five-year terms. By law, three of the commissioners must be licensed real estate brokers or broker associates. Their mission is to protect the public by licensing and regulating real estate agents licensed in North Dakota. Other 2020-2021 commissioners are Sandra Meyer, Chair; Steven Bitz, Vice Chair; Steven Link, and Scott Breidenbach.

#

 

NDREC provides updated disclosure form for property condition law changes

 

Bismarck, N.D. – The N.D. Real Estate Commission has provided an updated property condition disclosure form as required in Senate Bill 2247, passed by the 2021 N.D. Legislative Assembly. The law, NDCC 47-10-02.1, continues to require active licensed brokers to keep completed, signed disclosure forms in their files from transactions. The law changes take effect August 1, 2021.

 

The law as changed applies to written property condition disclosure for the sale, exchange, or purchase of real property if the real property is a residential dwelling with no more than 4 units located in North Dakota being sold or exchanged by the owner.
 

If any party to the transaction is represented by a real estate salesperson or broker, the disclosure form, or a substantially similar form, must be used. If the parties are not represented by a real estate salesperson or broker, the seller may use this form or another form. Brokerage firms that represent or assist a party or parties to the transaction shall retain a copy of the written disclosure completed and signed by the seller and signed by the prospective buyer.

 

See the form here and SB 2247 here.

#

 

N.D. real estate license law changes take effect August 1, 2021

 

The N.D. Real Estate Commission (NDREC) will operate with an updated real estate license law. The N.D. legislature passed HB 1258, making 32 changes to the law, NDCC Chapter 43-23. Changes take effect August 1, 2021.

 

Some of the changes include:

  • Changing broker trust accounts from interest-bearing to non-interest bearing.
  • Removing the real estate trust account committee, as trust accounts will no longer be interest-bearing.
  • Requiring earnest money deposited directly with the title company and not the broker’s trust account to be tracked.
  • Allowing licensees to be listed on a broker’s website instead of the broker posting paper licenses in the brokerage.
  • Removing the requirement to return licenses when a licensee transfers, becomes inactive or cancels their license.
  • Removing the requirement to return licenses when a licensee transfers, becomes inactive or cancels their license.
  • Moving from March 1 up to January 15 the deadline when licensees can submit a late license renewal.
  • Increasing from $2,500 to $5,000 the upper limit of fines the commission can assess in disciplinary actions. This was the only increase in any cost to licensees. HB 1258 did not include any fee increases.
  • Updating language about prohibited discrimination to match the N.D. Human Rights Act.

 

See updated law on the link on the NDREC website here.

 

No one testified against the bill, which passed unanimously. Most of the changes modernized the law by removing old dates and changing language to reflect the digital age.

 

#

 

 

As always, check out the NDREC website:

Online services

How to apply

Continuing education

Disciplinary action