15 free questions from the Cinna RE Minnesota real estate exam bank (90 in the app). Tap an answer to check it. The rationale opens right away.
A Minnesota seller learns of a new material defect after delivering the property-condition disclosure but before closing. What must the seller do?
Answer: B. Disclose the newly discovered defect to the buyer in a timely manner, supplementing or amending the prior disclosure
In Minnesota the seller's disclosure obligation continues up to closing. If the seller learns of a material fact or defect after the initial disclosure, the seller must promptly supplement or amend the disclosure so the buyer has accurate information before completing the purchase.
Minnesota law requires that an agency relationship disclosure be provided to a consumer at what point in the relationship?
Answer: B. At the first substantive contact with the consumer
Minnesota requires licensees to disclose the agency relationship to the consumer at the first substantive contact, before any confidential information is exchanged, so the consumer understands whom the licensee represents.
Under Minnesota's agency model, a licensee who assists a consumer in a transaction but does NOT represent that consumer as a client is acting as a:
Answer: B. Facilitator
Minnesota recognizes the role of a facilitator: a licensee who performs services to help a buyer or seller complete a transaction without acting as an agent for either party. A facilitator owes limited duties (such as honesty and disclosure of material facts) but not the full fiduciary-type duties owed to a client.
Minnesota real estate licenses are issued on a fixed renewal cycle. Licensees must complete continuing education to renew because:
Answer: B. Continuing education is a condition of license renewal in Minnesota
Minnesota requires licensees to complete approved continuing education during each license period as a condition of renewing the license. Failure to complete required CE prevents timely renewal.
A Minnesota broker assigns one salesperson in the firm to represent the seller and a different salesperson in the same firm to represent the buyer on the same property. This arrangement is known as:
Answer: B. Designated agency
Designated agency occurs when a broker appoints separate licensees within the same firm to act as the agents of the buyer and the seller respectively. Each designated agent represents only their own client, while the broker remains a dual agent at the firm level.
How many hours of pre-license education must a candidate complete to qualify for a Minnesota real estate salesperson license?
Answer: C. 90 hours
Minnesota requires 90 hours of pre-license education for a salesperson, delivered as three separate 30-hour courses (Course I, II, and III).
In a typical Minnesota residential resale, what disclosure is the SELLER generally required to provide to a prospective buyer about the property?
Answer: A. A written disclosure of material facts known to the seller that could adversely and significantly affect an ordinary buyer's use or enjoyment of the property, or the buyer's intended use
Minnesota requires residential sellers to disclose material facts known to them that could adversely and significantly affect an ordinary buyer's use or enjoyment of the property or the buyer's intended use. The disclosure conveys known conditions; it is not a warranty against all defects. Minnesota is not pure caveat emptor for residential resales, and the obligation goes well beyond just the tax amount.
Which Minnesota agency is responsible for administering real estate license renewals and approving continuing education courses?
Answer: A. The Minnesota Department of Commerce
The Minnesota Department of Commerce regulates real estate licensing, including issuing and renewing salesperson and broker licenses and approving continuing education courses and providers. Trade associations such as the Minnesota Realtors are voluntary professional groups and do not issue licenses; HUD is a federal agency; the Secretary of State handles business filings, not real estate licensing.
In Minnesota, a licensee who assists parties in a transaction without representing either of them and without owing fiduciary loyalty acts in what capacity?
Answer: C. Facilitator
Minnesota recognizes the facilitator relationship, a non-agency role in which the licensee helps the parties complete a transaction but does not advocate for or owe undivided loyalty to either party. This status must also be disclosed to the consumer.
Which Minnesota agency is responsible for regulating real estate licensees, issuing licenses, and enforcing real estate license law?
Answer: A. The Minnesota Department of Commerce
Real estate licensing in Minnesota is administered by the Minnesota Department of Commerce, which issues licenses and enforces the real estate license law. A trade association such as the Minnesota Association of REALTORS is not a government regulator.
In Minnesota, before a salesperson candidate may take the licensing examination, they must typically complete which course(s)?
Answer: B. Course I (the first 30-hour course)
Minnesota candidates must complete Course I before sitting for the licensing exam; Courses II and III must be completed before the license is issued and active.
Minnesota law requires licensees to provide an agency relationship disclosure to consumers. When must this disclosure generally be made?
Answer: B. At the first substantive contact with a consumer, before any confidential information is exchanged, so the consumer understands whom the licensee represents
Minnesota requires agency relationship disclosure to be provided at the first substantial contact with a consumer, before confidential information is shared, so the consumer knows whether the licensee represents the seller, the buyer, both (dual agency, with consent), or is acting as a facilitator. Delaying it to closing or conditioning it on the consumer asking would violate the disclosure requirement.
The Commissioner of Commerce in Minnesota has authority to adopt administrative rules governing real estate practice. This rulemaking authority is best described as the power to:
Answer: B. Adopt rules that implement and enforce the real estate license law within statutory authority
The Commissioner of Commerce may adopt administrative rules to implement and enforce the real estate license law, but only within the authority delegated by statute. The Commissioner cannot enact criminal statutes, override courts, or fix commission rates.
A Minnesota real estate salesperson must complete continuing education each license period to renew. Which statement BEST describes Minnesota's continuing education requirement for license renewal?
Answer: B. Salespersons must complete approved continuing education hours during the license period, including a required module on an annually mandated topic specified by the Commissioner
Minnesota requires licensees to complete approved continuing education during each license period to renew. The Department of Commerce/Commissioner designates required CE content (including a mandatory module on a topic specified for the period). The original 90 pre-license hours (Courses I, II, III at 30 hours each) satisfy entry requirements only and do not exempt a licensee from ongoing CE.
When a dispute arises between buyer and seller over earnest money, what is a Minnesota broker generally required to do with the disputed funds?
Answer: B. Retain the funds in the trust account until the parties agree, a court orders disbursement, or another lawful resolution occurs
A broker may not unilaterally decide who is entitled to disputed earnest money. The funds must remain in the trust account until the buyer and seller agree in writing, a court directs disbursement, or another lawful means resolves the dispute. Releasing or keeping disputed funds improperly exposes the broker to liability.
Answer all 15 questions to see how you did.
Free to start
Timed mock exams, a rationale on every answer and progress that follows you from web to phone.
