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Real Estate Salesperson Exam — National Portion

Compensation (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.

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Question 1 · Minnesota

From whom may a Minnesota licensee accept a commission, absent written broker authorization?

  1. Any party to the deal who agrees in writing
  2. The broker they are (or were at the time) licensed to
  3. The title company
  4. The buyer directly
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B. The broker they are (or were at the time) licensed to — Minn. Stat. 82.70, subd. 1.

Question 2 · Minnesota

A Minnesota resident who refers a tenant may earn at most how much in referral fees in 12 months?

  1. $150
  2. One month's rent
  3. Two months' rent
  4. $1,000
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B. One month's rent — Minn. Stat. 82.70, subd. 2(b)(5).

Question 3 · Minnesota

What is the most a Minnesota licensee may pay an unlicensed person for a timeshare referral?

  1. $75
  2. $100
  3. $150
  4. $300
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C. $150 — Minn. Stat. 82.70, subd. 2(b)(4).

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