10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
These 10 free MN-RE-BROKER questions are organized by exam domain, so you can see how each part of the Minnesota Real Estate Broker Exam blueprint is tested. Reveal the answer and explanation under each question.
A restaurant tenant installs custom display shelving for its business by bolting the units to the walls. The lease is silent, the tenant can remove the shelving without substantial structural damage, and the tenant is prepared to repair the bolt holes before the lease expires. Which conclusion is most accurate?
Correct answer: B - Remove it before the lease ends and repair any resulting damage
A zoning ordinance requires a 30-foot side setback. Because an unusually shaped lot narrows sharply at the rear, strict compliance would prevent a reasonably sized home, although residential use is permitted in the district. What relief is the owner most appropriately seeking?
Correct answer: D - Seek a dimensional variance based on the lot's unique practical difficulty
In a sales comparison analysis, a comparable sold for $510,000. The comparable has a garage worth $25,000 more than the subject, while the subject has a remodeled kitchen worth $15,000 more than the comparable. What is the adjusted indication from this comparable?
Correct answer: A - $500,000
A proposed 24-unit apartment conversion would produce the highest projected return, but current zoning prohibits multifamily use and the facts provide no rezoning or other lawful approval. How should an appraiser treat the proposal in highest-and-best-use analysis?
Correct answer: B - It fails the legally permissible test
On Tuesday, a creditor receives a consumer's name, income, Social Security number, property address, estimated property value, and requested mortgage amount. The processor plans to withhold the Loan Estimate until pay stubs arrive. Which assessment is correct?
Correct answer: C - The application was complete Tuesday; the Loan Estimate is due within three business days
A covered borrower-paid conventional mortgage on a principal residence reaches 78% of the property's original value on the scheduled amortization date. The borrower is current, and no stated exception applies. What should occur?
Correct answer: D - The servicer generally terminates PMI automatically on the scheduled 78% date
Three written offers arrive on a listing. The seller has given no lawful written instruction to delay presentation, and one buyer asks whether another offer is at full price. What should the listing broker do?
Correct answer: B - Present all three promptly and objectively, preserving confidential terms
Two Minnesota salespersons licensed to the same broker represent opposite parties in a residential purchase, and both parties have given the required informed consent to dual agency. The buyer asks the buyer's salesperson to reveal the lowest price the seller would accept. How should the salesperson respond?
Correct answer: C - Keep the seller's bargaining position confidential and transmit the buyer's offer neutrally
A seller instructs the listing agent not to mention recurring basement flooding, arguing that repairs were completed. The agent knows the basement flooded again during a major storm last month. What is the agent's best response?
Correct answer: A - Refuse the instruction, disclose the known flooding, and recommend qualified evaluation
A Minnesota primary broker appoints another broker to supervise a branch office. An unlicensed transaction coordinator at that branch begins advising buyers how to respond to inspection contingencies. After learning this, what must the primary broker recognize?
Correct answer: D - The activity must stop; affected files require broker review, and the primary broker remains responsible
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