Minnesota Real Estate License

Definition - What does Minnesota Real Estate License mean?

A Minnesota real estate license can be earned by completing three thirty-hour courses. Course I entails the main principles of real estate including the rights of land, title transfer laws and how to utilize contracts. Course II can then be completed after taking an appropriate exam. Course II involves Minnesota-specific rules and regulations relating to real estate. Course III is an advanced studies course that must be completed before finalizing the license application.

A person can eventually become a broker after two years of experience following the completion of the standards listed above. In addition, thirty hours of additional studies are required every twenty-four months in order to renew a license.

Testopedia explains Minnesota Real Estate License

The Minnesota Real Estate Salesperson Combined General and State exam is the main exam that must be completed in order to receive a license. The exam will feature 80 general questions relating to contract law, real estate ownership and other basic points. There will also be forty additional questions relating to laws that are specific to Minnesota.

A person has to complete the exam with a score of 75 or greater in order to receive a license. The exam is compute basedr, thus giving participants instant access to their final scores after they are finished completing the test. It also costs $75 to register for the test online or by phone.

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