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Minnesota Real Estate Salesperson State Portion — Information & Free Practice

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Minnesota Real Estate Salesperson State Portion

Provider
PSI Services LLC
Format
Computer administered written examination
Exam questions
50 scored items; 5 to 10 additional unscored experimental questions may be administered
Time limit
1.5 hours
Passing score
75% correct
Exam fee
$45 for the individual state portion
Examination outline
  • Real Estate Brokerage License Law
    • Definitions — Ch. 82.55
    • Licensing — Ch. 82.57–82.63
    • Trust accounts — Ch. 82.75
    • Standards of Conduct — Ch. 82.72–82.73
    • Commissioner’s authority — Ch. 45.011–45.43
    • Real Estate Education, Research, and Recovery Fund — Ch. 82.86
    • Agency Disclosure Requirements — Ch. 82.67
    • Other Disclosure Requirements — Ch. 82.68
    • Compensation — Ch. 82.70
  • Interests in Real Property
    • Ownership — Conveyance by Spouses — Ch. 507.02 and 500.19
    • Ownership — Subdivided Lands — Ch. 83.20–83.45
    • Ownership — Common interest ownership — Condominiums — Ch. 515
    • Ownership — Common interest ownership — Uniform Condominium Act — Ch. 515A
    • Ownership — Common interest ownership — Minnesota Common Interest Ownership Act — Ch. 515B
    • Ownership — Real estate taxes and special assessments — Ch. 279
    • Landlords and tenants — Ch. 504B
  • Conveyance Procedures and Protection of Parties
    • Recording and fees — Registration, Torrens — Ch. 508
    • Recording and fees — Mortgage Registry Tax; Deed Tax — Ch. 287
    • Statutory Home Warranties — Ch. 327A.02 Statutory Warranties
    • Minnesota Human Rights Act — Ch. 363A Department of Human Rights
    • Minnesota Statute of Frauds — Enforcement of Property Agreements and Other Contracts — Ch. 513
    • Minnesota Statute of Frauds — Frauds — Ch. 336.2A-201
    • Environmental Issues — Septic systems — Individual Sewage Treatment Systems — Sec. 115.55
    • Environmental Issues — Wells — Real property sale; disclosure of location of wells — Sec. 103I.235
    • Environmental Issues — Leaking underground storage tanks — Pollution Control Agency — Sec. 116.46–116.48
    • Environmental Issues — Leaking underground storage tanks — Petroleum Tank Release — Sec. 115C.01–115C.09
  • Financial Instruments: Obligations, Rights, Remedies
    • Mortgages/contracts for deed — Foreclosures/cancellation and redemption rights — Mortgages; Foreclosure by Advertisement — Ch. 580
    • Mortgages/contracts for deed — Foreclosures/cancellation and redemption rights — Mortgages; Foreclosure by Action — Ch. 581
    • Mortgages/contracts for deed — Foreclosures/cancellation and redemption rights — Mortgages; Foreclosure, General Provisions — Ch. 582
    • Mortgages/contracts for deed — Contract for deed — Sec. 559
    • Mortgages/contracts for deed — Homestead exemptions — Ch. 510
    • Liens — Liens; Labor, Material — Ch. 514
Examination sources

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