Minnesota Real Estate Exam Practice Questions (2025)

Minnesota Real Estate Exam Practice Questions

The Minnesota real estate salesperson exam is 120 questions (80 national + 40 state) administered by PSI. You need 73% (88 out of 120 correct) to pass — a higher threshold than most states. The state section covers the Minnesota Commerce Department, Minnesota Statutes Chapter 82, agency law, the Seller's Disclosure of Property Condition (SDPC), deed tax, and Minnesota-specific contract rules.

Sample Practice Questions

1. Which agency oversees real estate licensing in Minnesota?

A) Minnesota Real Estate Commission B) Minnesota Commerce Department C) Minnesota Board of Realtors D) Minnesota Office of Professional Licensing

*Answer: B — Minnesota does not have a separate real estate commission. The Commerce Department regulates real estate directly.*

2. Minnesota real estate license law is codified in:

A) Minnesota Statutes Chapter 72 B) Minnesota Statutes Chapter 82 C) Minnesota Administrative Code Section 100 D) Minnesota Revised Laws Title 5

*Answer: B — Minnesota real estate license law is in Minnesota Statutes Chapter 82.*

3. Minnesota requires how many hours of pre-license education for a salesperson applicant?

A) 40 B) 60 C) 75 D) 90

*Answer: D — Minnesota requires 90 hours of pre-license education for salesperson applicants, one of the highest in the country.*

4. The passing score threshold for the Minnesota real estate exam is:

A) 70% B) 72% C) 73% D) 75%

*Answer: C — Minnesota's passing threshold is 73% (88 out of 120), higher than the 70% standard used by most states.*

5. Minnesota's continuing education requirement per 2-year renewal cycle is:

A) 15 hours B) 21 hours C) 24 hours D) 30 hours

*Answer: D — Minnesota requires 30 hours of CE per 2-year cycle, one of the highest requirements in the country.*

6. The Minnesota Seller's Disclosure of Property Condition (SDPC) applies to:

A) All commercial properties B) Residential property sales C) Only new construction D) Rental properties over 4 units

*Answer: B — The SDPC is required for residential property sales in Minnesota.*

7. Minnesota's deed tax rate is:

A) 0.5% of the purchase price B) 0.33% of the purchase price C) 1.0% of the purchase price D) $3.75 per $500

*Answer: B — Minnesota's deed tax (transfer tax) is 0.33% of the purchase price.*

8. Minnesota requires a Buyer's Broker Agreement:

A) Only for commercial transactions B) In writing, before providing buyer representation services C) Only if the buyer requests it D) Oral agreements are sufficient

*Answer: B — Minnesota requires a written Buyer's Broker Agreement before a licensee can represent a buyer.*

9. Dual agency is allowed in Minnesota:

A) Under no circumstances B) Only with the seller's written consent C) With written informed consent from both buyer and seller D) Automatically in same-brokerage transactions

*Answer: C — Minnesota allows dual agency but requires written informed consent from both parties.*

10. Minnesota fair housing law adds which protected class not in the federal Fair Housing Act?

A) Race B) Disability C) Source of income (in some municipalities) D) National origin

*Answer: C — Minnesota adds marital status, sexual orientation, gender identity, and source of income (in some municipalities) to the federal protected classes.*

How to Use These Questions

For every missed answer, return to the rule and reread it. Minnesota state questions cluster around the Commerce Department structure, the 73% passing threshold, the 90-hour pre-license requirement, the 30-hour CE requirement, deed tax calculations, and the SDPC.

Minnesota Real Estate Exam Practice Questions (2025)