100+ Free MN RE Broker Practice Questions
Pass your Minnesota Real Estate Broker Exam exam on the first try — instant access, no signup required.
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Key Facts: MN RE Broker Exam
75%
Passing Score (Each Portion)
PSI / MN Commerce
3 yrs
Salesperson Experience Required
MN Commerce
30 hrs
Broker Pre-License Education
MN Commerce
100 Q
Exam Questions (National + State)
PSI
$63
Exam Fee
PSI
30 hrs
Renewal CE Every 2 Years
MN Commerce
Minnesota requires broker applicants to hold an active salesperson license for at least 3 years and complete 30 hours of broker-specific pre-license education. The PSI broker exam has national and state portions with a 75% passing score. Minnesota broker topics include trust account management, brokerage supervision duties, Minnesota Statutes Chapter 82, agency relationships under the MN agency law, abstract of title and Torrens system, deed tax, and MN Commerce Department disciplinary procedures.
About the MN RE Broker Exam
The Minnesota real estate broker exam is a PSI-administered exam with national and state portions for licensed salespersons upgrading to a broker license. It covers brokerage management, trust account handling, Minnesota Statutes Chapter 82, MN Commerce Department regulations, and Minnesota-specific property law at the broker supervision level.
Questions
100 scored questions
Time Limit
3 hours 30 minutes
Passing Score
75%
Exam Fee
$63 (MN Commerce / PSI)
MN RE Broker Exam Content Outline
Brokerage Management & Operations
Office supervision, branch office requirements, advertising compliance, broker-associate agreements, independent contractor arrangements, record retention
Trust Accounts & Escrow
Trust account requirements, earnest money handling, reconciliation, commingling vs conversion, MN Commerce audit procedures
MN Real Estate Broker Law
Minnesota Statutes Chapter 82, MN Commerce Department powers, broker licensing requirements, disciplinary actions, prohibited acts, agency law
Contracts, Finance & Valuation
Purchase agreements, financing instruments, appraisal methods, agency relationships, disclosure requirements, fair housing, Minnesota property law
How to Pass the MN RE Broker Exam
What You Need to Know
- Passing score: 75%
- Exam length: 100 questions
- Time limit: 3 hours 30 minutes
- Exam fee: $63
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
MN RE Broker Study Tips from Top Performers
Frequently Asked Questions
What are the requirements to take the Minnesota broker exam?
You must hold an active Minnesota real estate salesperson license for at least 3 years, complete 30 hours of broker-specific pre-license education from a MN Commerce-approved provider, and pass a background check. The 30-hour course covers brokerage management, trust accounts, and Minnesota broker law.
What score do I need to pass the MN broker exam?
The Minnesota broker exam requires a 75% passing score on both the national and state portions. The exam is administered by PSI and includes separate national and state sections that must each be passed independently.
What is unique about Minnesota real estate law for the broker exam?
Minnesota has several unique features tested on the broker exam: the Torrens title registration system (one of few states using it), abstract of title procedures, mandatory agency disclosure under MN agency law, deed tax calculations, well disclosure requirements, and Truth-in-Housing requirements in certain cities.
How does Minnesota agency law affect brokers?
Minnesota requires written agency agreements and mandatory disclosure of agency relationships. Brokers must ensure all agents provide the agency disclosure form at the first substantive contact. Minnesota recognizes seller's agents, buyer's agents, dual agents (with written consent), and facilitators. Brokers are responsible for supervising all agency relationship compliance.