This class was created by Brainscape user Laura Martini. Visit their profile to learn more about the creator.

Decks in this class (20)

Unit 1: Minnesota Agency
What are the 4 types of agency re...,
What is dual agency,
What is needed in order for dual ...
26  cards
Unit 1: Licensing Legislation and Rules
What chapter of the minnesota sta...,
Who oversees real estate industry,
Who is the minnesota department o...
7  cards
Unit 1: Who Must Have Real Estate License
Who must have a real estate license,
T f the executor of an estate nee...,
T f the caretakers custodians jan...
11  cards
Unit 1: Licensing Requirements, Renewal, & Transfer
What are the 6 requirements for a...,
T f in the state of minnesota the...,
When is a 45 day broker permit is...
16  cards
Unit 1: Penalties For License Law Violations & Termination
What are the 5 situations that re...,
Would the commissioner need to be...,
What falls under a criminal felon...
4  cards
Unit 1: Brokerage and Broker Responsibilities
What is a broker s 1 responsibility,
How many years does a broker need...,
Besides supervision what is anoth...
14  cards
Unit 1: Standards of Conduct
What are the 6 prohibited actions...,
What are all licensees obligated ...,
T f meth labs do not need to be d...
8  cards
Unit 1: Real Estate Education, Research, & Recovery Fund
Who is the real estate education ...,
What is the recovery portion of t...,
When must an application be made ...
7  cards
Unit 2: Property Ownership (Sole & Multiple)
What are the 3 types of estates i...,
If married how can an estate in s...,
T f if the owner of an estate in ...
9  cards
Unit 2: Property Ownership (Common Interest)
What are common interest communities,
What are the 4 types of common in...,
In minnesota who regulates these ...
19  cards
Unit 2: Property Ownership (Subdivided Lands Act)
0  cards
Unit 2: Property Taxation
T f the property tax year in mn r...,
When are taxes due,
Who receives the property tax
10  cards
Unit 2: MN Landlord-Tenant Act
Who publishes the booklet of lega...,
What does the landlord tenant act...,
A residential building has 8 unit...
14  cards
Unit 3: Recording & Fee
Who establishes the recording pro...,
T f in mn each county has a count...,
Who receives the state deed tax
8  cards
Unit 3: Statutory New Home Warranty
What is the statutory new home wa...,
What does the builder promise dur...,
What does the builder promise dur...
10  cards
Unit 3: MN Human Rights Act
In addition to the federal protec...,
When can you discriminate on fami...,
Who allows for senior housing to ...
9  cards
Unit 3: Disclosure Requirements
What must the seller of a residen...,
What is a material fact,
T f a seller may give the disclos...
22  cards
Unit 4: Mortgage & Contract for Deed
In a mortgage who holds legal title,
In a mortgage who is given a lien...,
In a mortgage who are the 2 parties
11  cards
Unit 4: Foreclosure & Redemption Rights
What are the 3 methods of foreclo...,
If a property uses foreclosure by...,
What is the power of sale clause
20  cards
Unit 4: Other MN Liens
What is another name for a mechan...,
T f lien rights apply to architec...,
T f to sustain lien rights a writ...
7  cards

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minnesota real estate exam

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