MINNESOTA REAL ESTATE SALESPERSON EXAM
PRACTICE QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2025
1. The Minnesota Department of Commerce regulates:
A. Taxes
B. Real estate licensing
C. Court systems
D. Insurance claims only
Answer: B
Rationale: The Minnesota Department of Commerce oversees real estate licensing and
enforcement.
2. A real estate salesperson in Minnesota must work under a:
A. Lawyer
B. Licensed broker
C. Appraiser
D. Contractor
Answer: B
Rationale: Salespersons must be affiliated with a broker.
3. Real property includes:
A. Automobiles
B. Land and fixtures
C. Furniture
D. Cash
Answer: B
Rationale: Real property is land plus permanently attached improvements.
4. Personal property is also called:
,A. Fixtures
B. Chattels
C. Estates
D. Deeds
Answer: B
Rationale: Movable property is called chattel.
5. A fixture is:
A. Temporary item
B. Permanently attached item
C. Loan document
D. Lease agreement
Answer: B
Rationale: Items attached to real estate become fixtures.
6. The Statute of Frauds requires:
A. Oral agreements
B. Written real estate contracts
C. Verbal leases
D. No contracts
Answer: B
Rationale: Real estate contracts must be in writing.
7. Fiduciary duty includes:
A. Loyalty
B. Advertising
C. Lending
D. Appraisal
Answer: A
Rationale: Loyalty is a core fiduciary obligation.
8. Which is NOT a fiduciary duty?
, A. Confidentiality
B. Obedience
C. Marketing
D. Accounting
Answer: C
Rationale: Marketing is not a fiduciary duty.
9. Fair Housing laws prohibit discrimination based on:
A. Income
B. Protected classes
C. Job title
D. Education
Answer: B
Rationale: Race, color, religion, sex, etc. are protected.
10. Steering is:
A. Legal advice
B. Directing clients based on protected class
C. Appraisal
D. Financing
Answer: B
Rationale: Illegal discriminatory practice.
11. Blockbusting is:
A. Renovation
B. Inducing panic selling due to demographics
C. Inspection
D. Loan processing
Answer: B
Rationale: Illegal fear-based inducement.
12. A deed is used to:
PRACTICE QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2025
1. The Minnesota Department of Commerce regulates:
A. Taxes
B. Real estate licensing
C. Court systems
D. Insurance claims only
Answer: B
Rationale: The Minnesota Department of Commerce oversees real estate licensing and
enforcement.
2. A real estate salesperson in Minnesota must work under a:
A. Lawyer
B. Licensed broker
C. Appraiser
D. Contractor
Answer: B
Rationale: Salespersons must be affiliated with a broker.
3. Real property includes:
A. Automobiles
B. Land and fixtures
C. Furniture
D. Cash
Answer: B
Rationale: Real property is land plus permanently attached improvements.
4. Personal property is also called:
,A. Fixtures
B. Chattels
C. Estates
D. Deeds
Answer: B
Rationale: Movable property is called chattel.
5. A fixture is:
A. Temporary item
B. Permanently attached item
C. Loan document
D. Lease agreement
Answer: B
Rationale: Items attached to real estate become fixtures.
6. The Statute of Frauds requires:
A. Oral agreements
B. Written real estate contracts
C. Verbal leases
D. No contracts
Answer: B
Rationale: Real estate contracts must be in writing.
7. Fiduciary duty includes:
A. Loyalty
B. Advertising
C. Lending
D. Appraisal
Answer: A
Rationale: Loyalty is a core fiduciary obligation.
8. Which is NOT a fiduciary duty?
, A. Confidentiality
B. Obedience
C. Marketing
D. Accounting
Answer: C
Rationale: Marketing is not a fiduciary duty.
9. Fair Housing laws prohibit discrimination based on:
A. Income
B. Protected classes
C. Job title
D. Education
Answer: B
Rationale: Race, color, religion, sex, etc. are protected.
10. Steering is:
A. Legal advice
B. Directing clients based on protected class
C. Appraisal
D. Financing
Answer: B
Rationale: Illegal discriminatory practice.
11. Blockbusting is:
A. Renovation
B. Inducing panic selling due to demographics
C. Inspection
D. Loan processing
Answer: B
Rationale: Illegal fear-based inducement.
12. A deed is used to:
