Preparing a Market Analysis - Best Practices (3hr)
Whether for a buyer or seller, the comparative market analysis, properly done, can mean several thousands extra dollars in their pockets, and can determine whether a deal can be struck at all. But because it’s such a well-worn tool, it’s tempting for a licensee to get complacent with the CMA, and “phone it in.”
Don’t be that licensee!
This course covers the how-tos of a professionally researched comparative market analysis.
Course Highlights:
- The three-step approach to market analyses: the market, the property, the numbers
- Sources for subject property data and market data
- Using expired and active listings to inform pricing strategy
- How to prioritize criteria when selecting comparables
- How to adjust and homogenize selected comparables
- How to weight selected comparables when selecting a list price range
State Requirements For North Dakota
North Dakota State Requirement Details for Real Estate Broker Continuing Education
Renewal Date: Licenses expire on December 31st of each year. CE must be completed by November 15th of each year.
Current CE Cycle - November 16, 2024 through November 15, 2025
Hours Required by the State: 12 hours
- 6 hours on 2024-2025 mandatory topics
- 3 hours on diversity, equity, and inclusion
- 3 hours on vacant property and other real estate scams and frauds
- 6 hours on elective topics
Note: There is no grace period to complete required CE. If required CE is not completed by November 15, 2025, Licensees must renew as inactive for 2026 to avoid potential disciplinary action. If the licensee renews as inactive due to late completion of CE, the licensee can transfer the license to active effective January 1, 2026, or later, provided CE is completed.
Brokers newly licensed after Nov. 15, 2024 – If new brokers passed the broker license exam this CE cycle, they are exempt from CE requirement for this CE cycle.
North Dakota Real Estate Commission
Street Address: 1120 College Drive, Suite 204, Bismarck, North Dakota 58501
Mailing Address: 1120 College Drive, Suite 204, Bismarck, North Dakota 58501
Telephone: (701) 328-9749
Email: ndrec@nd.gov