Minnesota Real Estate License Exam

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INTRODUCTION This guide has been designed to help you to pass the exam to obtain your real estate license. But we wanted to do more than just help you pass a test. We want to make sure that you succeed as a real estate agent. A common complaint of students is that once they enter the real estate profession, their training did little to prepare them for the reality of being a real estate salesperson. They were stuffed full of book knowledge but knew little of the practical side of the profession. Well, no more. We have worked hard to combine a solid education of the laws governing the real estate profession, but we have also endeavored to teach you the underlying principles behind the laws. We have also taken your education one step further by walking you through the whole buy-and-sell transaction, both as the listing agent and as the selling agent. After you have completed this course, you be equipped to pass the state exam on the first try. Then once you get your license, you will be more confident as you start to work with a broker. You will know what to expect and how the process works. We will even walk you through how to fill out some of the main forms. Now, the real estate exam is going to have two parts. There is the national test which focuses on federal laws and regulations, ethical requirements, real estate concepts, and vocabulary. Then there is the state portion. This section is going to focus on the local licensing authority and their respective commissions and departments. You will also need to know some local law. While it is not practical to include all that information on each state, we have picked the top ten states which are Arizona, California, Colorado, Florida, Illinois, New York, North Carolina, South Carolina, Texas, and Virginia. If you live in one of those states, then you just lucked out with a bonus education. If not, we encourage you to look over these state sections. It will show you what information to look up to learn more about your state’s licensing laws and requirements. How about we get started with the basics and take it step-by-step from there? Good, let’s begin. 1|Page


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