Before you read
Test yourself first: 5 questions
Question 1 of 5
Under Minnesota record-keeping requirements, what must a broker maintain for trust-account activity?
Answer: B. Brokers must keep complete, accurate records of all money received and paid out on behalf of others. The Minnesota Department of Commerce may examine these trust-account records to verify compliance, so documentation of every deposit and disbursement is mandatory.
Question 2 of 5
Which statement about real estate advertising in Minnesota is correct?
Answer: B. Minnesota requires that advertising disclose the name of the broker under whom the licensee operates. Because a salesperson always acts on behalf of the broker, advertisements (online, print, signs, and other media) must identify the licensed brokerage so the public knows who is responsible for the activity.
Question 3 of 5
A Minnesota salesperson advertises a property in a way that creates the false impression that the salesperson, rather than the brokerage, is the listing entity. This is an example of:
Answer: B. Advertising that omits the broker's name or implies a salesperson is operating independently is misleading (often called blind advertising) and is prohibited. All marketing must accurately reflect that the licensee works under and on behalf of the broker.
Question 4 of 5
A group of Minnesota salespeople wants to market themselves under a team name. What is generally required for the team name to be used in advertising?
Answer: B. Team or group names may be used, but advertising must still identify the broker and the team name cannot mislead the public into thinking the team is an independent brokerage. The brokerage remains responsible for the licensees' activity, so the broker's identity must remain clear.
Question 5 of 5
Under Minnesota advertising rules, when a salesperson advertises a property listing, the advertisement must:
Answer: B. Minnesota requires that real estate advertising identify the licensed brokerage; a salesperson may not advertise in a way that hides the broker they work under, since the salesperson acts in the broker's name.
Keep the streak going with more questions like these, each with a full rationale.
What you need to know
Advertising is generally conducted under the broker's name and supervision, and a salesperson markets property on behalf of the broker. Brokers are responsible for maintaining transaction and trust-account records as required by the Minnesota Department of Commerce. Proper handling and accounting of client trust funds, with records available for inspection, is a core compliance obligation.
Minnesota Advertising & Record-Keeping Rules: FAQs
Is Minnesota Advertising & Record-Keeping Rules on the real estate exam?
Yes. State License Law is a scored domain on the Minnesota real estate licensing exam, and this topic appears in the state license-law portion.
Is this cheat sheet free?
Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Does Minnesota test this differently?
Minnesota applies its own license law on top of the national portion. This page covers the Minnesota rules specifically, which is what the state section of your exam tests.
