Free Minnesota Real Estate Practice Exam Online

Correct answer: B. At least three years of active licensed salesperson experience (in Minnesota or a similar jurisdiction) within the five years preceding the broker application, in addition to broker-level pre-licensing education and examination

Correct. Minnesota generally requires an applicant for a broker license to have at least three years of active licensed salesperson experience (in Minnesota or a comparable jurisdiction) within the five years before applying, in addition to completing broker-level pre-licensing education and passing the broker exam.

• A: Incorrect. Minnesota does impose an experience requirement as a prerequisite for broker licensure; it is not simply a matter of completing pre-licensing courses with no experience.
• C: Incorrect. One week of experience falls far short of Minnesota's actual broker experience requirement.
• D: Incorrect. Twenty years substantially overstates the actual experience threshold required for Minnesota broker licensure.

Correct answer: A. Minnesota uses a standard two-tier structure: a real estate salesperson license, which must be sponsored by and work under a licensed real estate broker, and a separate broker license

Correct. Minnesota Statutes chapter 82 establishes a standard two-tier structure: a real estate salesperson license (which must be sponsored by and operate under a licensed managing/primary broker) and a separate, higher-tier real estate broker license.

• B: Incorrect. Unlike states that use a unified broker-only licensing model, Minnesota specifically maintains a distinct salesperson tier that operates under a sponsoring broker.
• C: Incorrect. Minnesota does require licensure to act as a real estate broker or salesperson in transactions covered by chapter 82.
• D: Incorrect. Minnesota also licenses real estate brokers as a distinct, higher tier, not just salespersons.

Correct answer: B. A licensed primary/managing broker who will sponsor the salesperson, since a salesperson license must be tied to a sponsoring broker

Correct. A licensed real estate broker who will sponsor the new salesperson generally submits the salesperson license application, reflecting Minnesota's requirement that salespersons work under a licensed broker.

• A: Incorrect. A Minnesota salesperson license application is generally submitted with the involvement of the sponsoring broker, since a salesperson must operate under a licensed broker.
• C: Incorrect. The Department of Commerce processes and issues licenses but does not itself submit the applicant's application; that is the broker/applicant's role.
• D: Incorrect. A real estate license application does not require sponsorship by an unrelated attorney; the required sponsor is a licensed real estate broker.

Correct answer: A. Three required courses, commonly referred to as Course I, Course II, and Course III, each 30 hours, totaling 90 hours of pre-licensing education

Correct. Minnesota's real estate salesperson pre-licensing education generally consists of three required 30-hour courses (Course I, Course II, and Course III), totaling 90 hours, before the candidate is eligible to sit for the licensing exam.

• B: Incorrect. A four-year college degree is not the required or only path to salesperson licensure; the standard path is completing the required pre-licensing courses and passing the exam.
• C: Incorrect. Minnesota does require completion of pre-licensing education before an applicant is eligible for the salesperson exam and license.
• D: Incorrect. An 8-hour video with no exam substantially understates Minnesota's actual pre-licensing education structure.

Correct answer: C. 30 hours, with at least 15 of those hours completed during the first 12 months of the 24-month period

Correct. Minn. Stat. § 82.61 generally requires 30 hours of continuing education during each 24-month license period, with at least 15 of those hours completed during the first 12 months of that period.

• A: Incorrect. Minnesota requires ongoing continuing education to maintain an active real estate license; it is not a one-time requirement satisfied only at initial licensure.
• B: Incorrect. 10 hours understates Minnesota's actual continuing education requirement for the two-year license period.
• D: Incorrect. 100 hours substantially overstates the actual biennial continuing education requirement.