semplr.

Exams · Certifications · Licensing

Real Estate Salesperson Exam — National Portion

Agency (MN): practice questions

Our Real Estate (National) bank has 3 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

Start the free mock exam

Question 1 · Minnesota

In Minnesota dual agency, which information stays confidential unless a party says otherwise in writing?

  1. The property's known physical defects
  2. Price, terms and motivation
  3. The property's address
  4. The zoning classification
Show the answer

B. Price, terms and motivation — Minn. Stat. 82.67, subd. 3.

Question 2 · Minnesota

When must a Minnesota licensee give the agency disclosure form in a residential sale?

  1. When the buyer makes a written offer
  2. At the first substantive contact
  3. At the closing table
  4. Only if the consumer asks for it
Show the answer

B. At the first substantive contact — Minn. Stat. 82.67, subd. 1.

Question 3 · Minnesota

Until a Minnesota consumer signs a representation contract, how are they treated?

  1. As a client of the brokerage from the first meeting
  2. As a customer, with the licensee acting as facilitator
  3. As a dual agency client
  4. As the broker's employee
Show the answer

B. As a customer, with the licensee acting as facilitator — Minn. Stat. 82.67, subd. 3 (agency disclosure form).

More Real Estate (National) topics