Minnesota Real Estate Practice Exam
A free practice test for the Minnesota salesperson exam, for the weeks before your test date, with an explanation on every answer. Score yourself against Minnesota's real 75% pass line before you book.
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Every Minnesota listing agreement must include a notice about closing services. What must that notice have the seller do?
This practice exam is a study aid, not the real exam. Our questions are written by us to match the published content outline. They are not actual exam questions, no score here predicts a pass, and this site is not affiliated with, endorsed by, or sponsored by PSI, Pearson VUE, ARELLO, any state real estate commission, or any government agency. Your state commission and your candidate handbook are the only authoritative sources.
Minnesota real estate exam at a glance
| National questions | 80 scoredsource |
|---|---|
| State-law questions | 50 scoredsource |
| Passing score | 75%source |
| Time limit | 4 hourssource |
| Exam fee | $68.00 per attemptsource |
| Test provider | PSIsource |
| Pre-licence education | 90 hourssource |
Figures verified against official sources on . Exam fees and rules change. Check the linked source before you book.
10 sample questions, with answers explained
Every question above with its correct answer and the reasoning behind it. Read the explanations for the ones you answered correctly too. A lucky guess and knowing the rule look identical on a score report. These are sample questions from our larger bank.
1. Every Minnesota listing agreement must include a notice about closing services. What must that notice have the seller do?
Why: Minn. Stat. 507.45 subd. 4(b) requires the notice to have the seller "indicate in writing whether it is acceptable to the seller to have the licensee arrange for closing services or whether the seller wishes to arrange for others to conduct the closing." The notice must also disclose any controlled business arrangement between the licensee and the proposed closing agent.
2. When must a Minnesota licensee obtain a signed residential buyer's broker agreement under section 82.66?
Why: Before performing acts as the buyer's representative. The agreement is a prerequisite to representation rather than merely a closing document.
3. A Minnesota listing concerns the sale of a business. What longer override arrangement may the statute permit?
Why: A negotiable override of up to 2 years with the required acknowledged protective list. The business-sale exception has specific terms and documentation; it is not a blanket perpetual listing.
4. A Minnesota home sells for $300,000. The buyer assumes the seller's $100,000 mortgage, which remains on the property. Using the deed tax rate in Minn. Stat. 287.21, how much deed tax is due?
Why: Minn. Stat. 287.21 taxes net consideration at .0033 when it exceeds $3,000, and consideration is figured "exclusive of the value of any lien or encumbrance remaining" on the property. Net consideration is $300,000 - $100,000 = $200,000, and $200,000 x 0.0033 = $660. Taxing the full $300,000 gives $990, and using the 0.0023 mortgage registry rate gives $460.
5. Ellen gives Frank a quitclaim deed to a Minnesota parcel in which she holds no interest. A year later Ellen acquires title to that parcel. The deed contains no words about after-acquired title. Under Minn. Stat. 507.07, who holds the newly acquired title?
Why: Minn. Stat. 507.07 says a quitclaim conveys "all right, title, and interest of the grantor in the premises described, but shall not extend to after acquired title, unless words expressing such intention be added." Ellen had nothing to convey when she signed, so Frank received nothing and her later title stays with her. Automatic pass-through of later title is how a warranty deed works by estoppel, which is the trap.
6. Marcus passed the Minnesota salesperson exam 14 months ago, but no broker ever submitted a license application for him. What must he do now to become licensed?
Why: A Minnesota salesperson must apply "within one year of passing the examination. Otherwise, you will need to retake the examination and pass it again." At 14 months Marcus is past the 1-year limit. The guide also warns that state law provides no grace periods for missed deadlines, and he could not file the application himself in any case, because the associated broker submits it.
7. For the 2026-2027 license year, non-exempt Minnesota salespersons and brokers must complete a 3.75-hour general module course, Cybersecurity in Real Estate. How does it relate to the 15 hours of continuing education due each year?
Why: Commerce states that the module "is part of the 15 hours of continuing education that are due each year, not in addition to them," and it must be completed before June 30, 2027. It also satisfies the broker module, so there is no separate broker module for 2026-2027. Salespersons and brokers both take it unless they are commercial-only.
8. In a Minnesota recording dispute, the later buyer paid value, had no notice of the earlier unrecorded deed and recorded first, but the later buyer's deed is a quitclaim. Under Minn. Stat. 507.34, how does the quitclaim form affect the later buyer's good faith?
Why: Minn. Stat. 507.34 provides: "The fact that such first recorded conveyance is in the form, or contains the terms of a deed of quitclaim and release shall not affect the question of good faith of such subsequent purchaser." The later buyer can still prevail as a good-faith purchaser for value who recorded first. Treating a quitclaim as a red flag is the trap.
9. A Minnesota licensee wants to advertise an owner's home before obtaining written authority. What must come first?
Why: Signed listing agreement or other signed written authorization from an authorized person. Section 82.66 requires signed authority before general-public advertising.
10. Dana is an active Minnesota salesperson. Her associated broker's license becomes inactive. What happens to Dana's license?
Why: The Commerce guide lists "Your associated broker's license becomes inactive" among the events that make a salesperson license inactive. Inactive is not the same as revoked: a license inactive for less than two years can generally be reactivated through a broker once outstanding continuing education is complete.