Minnesota Real Estate Salesperson Exam — All Questions
11 questions
Minnesota's salesperson pre-license education requirement is satisfied by completing:
- a.Only a college degree in business
- b.A 24-hour ethics seminar
- c.Three 30-hour courses (Course I, II, and III), with Course I completed before taking the licensing exam✓
- d.A single 40-hour course before the exam
Minnesota requires 90 hours of approved pre-license education delivered as three 30-hour courses. Course I must be completed before a candidate sits for the state licensing examination; Courses II and III must be completed before the candidate applies for the salesperson license. This staged three-course structure is specific to Minnesota.
Minnesota splits salesperson prelicense education into Course I, Course II and Course III. When must Course I be completed?
- a.Before the broker submits the license application
- b.Within 30 days after the license is issued
- c.Before sitting for the salesperson's examination✓
- d.Before the first continuing education period
Minnesota requires three 30-hour prelicense courses, 90 hours in all. Course I must be finished before the applicant sits the salesperson's examination; Courses II and III must be finished before the license application is filed. Cite: Minn. Stat. 82.59, subd. 8(a); Minnesota Department of Commerce, Guide to Real Estate Licensing.
A Minnesota candidate passes the salesperson's examination, then waits 14 months before a broker submits her application. What follows?
- a.The score stays valid and the license issues on request
- b.The candidate must retake and pass the examination✓
- c.The license is issued but starts out inactive
- d.Only Course III must be repeated before applying
An applicant who passes the salesperson's examination has one year from the date of that examination to file the application and obtain the license; after that a second examination is required. Cite: Minn. Stat. 82.58, subd. 5.
What is the minimum age to apply for a Minnesota real estate salesperson or broker license?
- a.21 at the time the application is made
- b.18 at the time the examination is taken
- c.21, unless the applicant holds a degree
- d.18 at the time the application is made✓
The applicant must be at least 18 years of age at the time of making application. Minnesota fixes the age at application, not at examination. Cite: Minn. Stat. 82.58, subd. 1.
What score does Minnesota require to pass the real estate salesperson's examination?
- a.75 percent on both the uniform and the state portion✓
- b.70 percent overall across both portions combined
- c.75 percent overall, with no minimum per portion
- d.70 on the state portion and 75 on the uniform portion
A passing grade is 75 percent or higher on the uniform portion and 75 percent or higher on the state portion; a strong score on one cannot carry a weak score on the other. Cite: Minn. Stat. 82.59, subd. 6.
Absent a waiver, what experience must an applicant for a Minnesota broker's license show?
- a.Two years as a licensed salesperson at any time in the past
- b.Three years as a licensed salesperson within the previous five years✓
- c.Five years as a licensed salesperson within the previous seven years
- d.Three years of real estate employment, licensed or not
Every broker's examination application must be accompanied by proof of at least three years of actual experience within the previous five-year period as a licensed salesperson in Minnesota or a comparable state. The commissioner may waive the experience requirement for a real estate degree holder, a practicing real estate attorney, or a public officer whose duties involve real estate. Cite: Minn. Stat. 82.59, subds. 4(b) and 5.
How much continuing education must a Minnesota licensee complete in each 24-month license period, and how is it paced?
- a.30 hours, which may all be completed in the final 12 months
- b.24 hours, with at least 12 completed in the first 12 months
- c.15 hours in each license year, plus a separate module exam
- d.30 hours, with at least 15 completed in the first 12 months✓
Salespersons and brokers must complete 30 hours of approved continuing education during the initial license period and during each succeeding 24-month period, and at least 15 of the 30 must fall in the first 12 months of that period. Cite: Minn. Stat. 82.61(a).
Which two specific hours must appear inside every Minnesota licensee's 30 hours of continuing education?
- a.One hour of contract law and one hour of trust account law
- b.Two hours of agency law, with fair housing optional
- c.One hour of agency law and one hour of fair housing✓
- d.One hour of ethics and one hour of appraisal standards
Each license period must include at least one hour on laws or regulations governing agency representation and disclosure, and at least one hour on state and federal fair housing laws, other antidiscrimination laws, or meeting the housing needs of immigrant and underserved populations. Licensees engaged solely in commercial real estate who file a verification of that status are excepted. Cite: Minn. Stat. 82.61(c).
Which course may NOT be approved for Minnesota real estate continuing education credit?
- a.Time management for a busy agent✓
- b.Marketing for residential listings
- c.Negotiation skills for buyer's agents
- d.Technology tools in real estate
Courses in motivation, salesmanship, psychology or time management are expressly barred from continuing education credit. The commissioner may approve courses in communication, marketing, negotiation and technology, among other subjects. Cite: Minn. Stat. 82.61(b).
A Minnesota salesperson has not received notice that her renewal is approved. From what date must she stop transacting business?
- a.June 15 of the renewal year
- b.June 30 of the renewal year✓
- c.July 31 of the renewal year
- d.December 31 of the renewal year
A person who has not received notice of approval of renewal may not continue to transact business after June 30 of the renewal year until that approval is received, and is unlicensed as of July 1 until the license is issued and received. Cite: Minn. Stat. 82.62, subds. 3 and 4.
After how long a gap without renewal will the commissioner require a Minnesota licensee to take the examination again?
- a.Two years of failing to renew the license✓
- b.Six months, unless a late fee is paid
- c.Four years, and only for broker licenses
- d.Immediately upon the first missed renewal
No examination is required to renew, but a person licensed as a broker or salesperson in Minnesota who fails to renew for a period of two years will be required to take the examination again. Cite: Minn. Stat. 82.62, subd. 5.