- Course type: Self-paced
- Available Lessons: 180
- Average Lesson Length: 8 min
Eligible for Certificate:
Certificates show that you have completed the course. They do not provide credit.
Watch a preview:chapter 1 / lesson 1Real Property and Personal Property: Definition and Differences
This course can be found in: Real Estate Test Prep
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Course SummaryThis self-paced study guide will help you understand topics and material needed to pass the Minnesota Real Estate Broker Exam. Our practice tests and materials will help you prepare for exam day.
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About This Course
The Minnesota Real Estate Broker Exam is a two-part licensing exam that covers both national and state-specific rules and regulations. We have created this extensive set of lessons, quizzes, and tests to increase your chance of success when it is time for the exam. This course will review all the of key topics found on the test, such as contracts, license laws, consumer protection and much more.
Check out our Real Estate test prep materials! We've got comprehensive Real Estate study guides to help you study, Real Estate practice tests to test your knowledge, and informational Real Estate resources to get you up to speed on testing logistics.
Syllabus and Course Information
This course is designed to prepare you for the Minnesota Real Estate Broker Exam, covering all of the topics outlined in the official test materials provided by PSI Services. Our professional instructors created this comprehensive course to help you master these objectives. Some of the topics covered in this course are listed below:
- MN specific broker license laws, contracts and disclosures
- Transferring legal titles and party protection
- Government regulations with land use laws
- Minnesota financial instruments in real estate
- Titles and property agreements among parties
- Risk management and financing
- Estate ownership and interests of the involved
- Deeds and property transfers
- The dynamics of real estate contracts
- The relationships between real estate agencies and consumers
- Laws concerning fair housing and consumer protection
- The necessary requirements for real estate lenders
This course includes 22 chapters covering various topics related to real estate in Minnesota. You will be supplemented with self-assessment quizzes with each lesson and tests at the end of each chapter to assist your learning.
Minnesota Real Estate Broker Exam Information
- Number of Questions: 130 (80 National, 50 State)
- Question Type: multiple choice
- Time Limit: 4 hours
- Exam Cost: $65
Minnesota Real Estate Broker Exam Breakdown
|Minnesota Real Estate Broker Exam National Portion||Approximate Percent of Exam||Approximate Number of Questions|
|Land Use Controls and Regulations||6%||5|
|Valuation and Market Analysis||8%||6|
|General Principles of Agency||14%||11|
|Property Condition and Disclosures||11%||9|
|Transfer of Title||6%||5|
|Practice of Real Estate||15%||12|
|Real Estate Calculations||5%||4|
|Minnesota Real Estate Broker Exam State Portion||Approximate Percent of Exam||Approximate Number of Questions|
|Real Estate Brokerage License Law||50%||25|
|Interests in Real Property||20%||10|
|Conveyance of Procedures and Protection of Parties||18%||9|
|Financial Instruments: Obligations, Rights, Remedies||12%||6|
Preparing and Registering for the Minnesota Real Estate Broker Exam
When preparing and registering for the exam, it is important to make sure you have completed a few things beforehand. Broker candidate will need have completed a 30-hour broker course and have a minimum of three years of experience as a licensed real estate salesperson. When you meet these requirements, you can register for the exam on the PSI website as well as by phone. When you register you can choose from nine different testing locations in Minnesota.
The Minnesota Real Estate Broker Exam is a registered trademark of the Minnesota Department of Commerce, which is not affiliated with Study.com.
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