Minnesota State Real Estate Bundled Exams Questions and Answers Multiple Versions (2024/2025) (Complete and Accurate)

Minnesota Exam Prep Questions and Answers Rated A+ The state agency responsible for the business activities of Minnesota mortgage professionals Minnesota Department of Commerce Office that the Minnesota Dept of Commerce is located within Secretary of State With the passing of the SAFE A...

Real Estate Exam Review (MN and National) Rated A Attorney's Opinion of Title a written opinion by an attorney who will investigate to make sure that the seller of the property is indeed the owner, and whether there are any "clouds" on the title such as encumbrances, claims, or questiona...

MN Course 1 Exam Prep: Property Types, Title, and Environmental Issues Already Passed Manufactured vs. modular home Manufactured: A home that is built according to HUD construction standards. Updated term for a mobile home or house trailer. Modular: Units that are constructed in factories...

MN Course 1 Exam Prep: Licensing, Agency, and Contracts Questions and Answers Already Passed How many hours of education must an applicant for a salesperson's license take in Minnesota before sitting for the exam? 30 (Course 1) How many hours of education must an applicant for a salesper...

MN Real Estate License Law – Questions and Answers Rated A+ What's the purpose of real estate license law? To protect consumers How is license law governed? By laws and regulations Which entity is in charge of licensing real estate professionals in Minnesota? The Department of Commer...

Real Estate-Minnesota Unit 1 Questions and Answers Already Passed When must a real estate salesperson or broker provide an "agency disclosure form?" At the FIRST substantive contact with the residential buyer or seller. What is the "Agency Relationships in Real Estate Transactions" doc...

MN Real Estate Salesperson Questions and Answers Already Passed An Override (Broker Protection) Clause may not exceed 6 months Residential 2 years for Commercial Meth Labs must be Disclosed Do NOT need to disclose HIV/AIDs, Suicide, Accidental Death, natural death, nursing home, parano...

Minnesota Real Estate Test Latest Update Graded A+ Balloon Mortgage: A mortgage with monthly payments often based on a 30-year amortization schedule, with the unpaid balance due in a lump sum payment at the end of a specific period of time. Assessed Value: Typically the value placed on pr...

Minnesota (real estate) practice State Exam Questions with Certified Solutions All of the following are considered common interests community properties, except ? Apartments The renewal period for real estate licensees is 2 years A couple owns property as joint tenants and is going throug...

MN Real Estate State Test Practice Questions with Verified Solutions Carmen was hired by the Navarreses to build a walk-in closet. She included a lien notice in the original contract. The Navarreses have provided final payment. What does Carmen need to do to remove the lien associated with thi...

MN Real Estate Exam Prep Latest Update Rated A+ Bill of Sale What is used to transfer personal property Buffer Zone My be used to separate two incompatible zoning uses Certificate of Occupancy Appurtenances Are attached to and run with the land Real property Is the land, anything ...

MN Real Estate Exam Questions and Answers 100% Pass 4 forms of agency relationships 1) Seller's Broker 2) Buyer's Broker 3) Dual Agent 4) Facilitator When must the agency disclosure form be provided by the licensee? At first SUBSTANTIVE contact with the buyer and/or seller If a fac...