Minnesota Real Estate Exam Info

What is required to get a license?

For salespersons:

  • Complete application on www.pulseportal.com
  • Proof of completion of the three 30 hour approved courses.
  • Real estate examination successfully completed.
  • Proof of age 18 and above.
  • By affiliation, work with a licensed Minnesota real estate broker.
  • Fees: Examination Fees (Salesperson: $65). License (Salesperson: $110)

For brokers:

  • Complete application on www.pulseportal.com
  • Proof of completion of 30 hours of Minnesota Department of Commerce pre-approved broker pre-license education.
  • Proof of age 18 and above.
  • Real estate examination successfully completed.
  • Minimum three years of actual licensed experience as a licensed real estate salesperson within the last five years in Minnesota or in another state that has comparable requirements.
  • Fees: Examination Fees (Broker: $65). License (broker: $190).

What score do I need to pass?

The salesperson exam consists of 80 national questions and 40 state-specific questions. To pass, you must correctly answer at least 75% of the questions.

The broker exam consists of 80 national questions and 50 state-specific questions. To pass, you must correctly answer at least 75% of the questions.

You will receive your score immediately after you complete your exam.

How much time do I have to complete the exam?

  • For the salesperson exam: you are allowed 2.5 hours for the national portion and 1.5 hours for the state portion, for a total of 4 hours.

  • For the broker exam: you are allowed 2.5 hours for the national portion and 1.5 hours for the state portion, for a total of 4 hours.

What should I bring with me for the exam?

  • 2 Forms of identification with matching names, non-expired and containing a valid signature. (Driver’s license, passport, green card, U.S. social security card, debit or credit card with signature).
  • Basic (non-scientific) calculator.
  • Proof of prelicense education.

What is the format of the exam?

The exam is given on a computer and is multiple choice.

What is on the exam?

The national portion consists of the following sections:

  • Property Ownership
  • Land Use Controls and Regulations
  • Valuation and Market Analysis
  • Financing
  • General Principles of Agency
  • Property Condition and Disclosures
  • Contracts
  • Transfer of Title
  • Practice of Real Estate
  • Real Estate Calculations
  • Subdivisions
  • Commercial, Industrial, and Income Properties

The state-specific portion consists of the following sections:

  • Real Estate Brokerage License Law
  • Interests in Real Property
  • Conveyance Procedures and Protection of Parties
  • Financial Instruments: Obligations, Rights, Remedies

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