The Minnesota License Professor is Minnesota's number one provider of high quality real estate knowledge designed to help YOU pass your Minnesota real estate exam the first time. Explanations and feedback given by the Minnesota License Professor is provided by real estate license instructors and professional realtors from across the United States. Many students have already aced their Minnesota real estate exam by preparing with the Minnesota License Professor.
The Minnesota License Professor covers all of the PSI necessary fundamentals of real estate including; 1) Property Ownership, 2) Land Use Controls and Regulations, 3) Valuation and Market Analysis, 4) Financing, Laws of Agency, 5) Mandated Disclosures, 6) Contracts, Transfer of Property, 7) Practice of Real Estate, 8) Mathematics, 9)Specialty Areas, as well as, 10) state specific content.
The content for each MN real estate exam has been extensively planned out by the Minnesota License Professor's editorial staff; professionals who teach real estate license courses all over Minnesota. Through their valuable years of instructional experience they have created a series of practice tests that help future realtors prepare for their real estate exam. Don't set up to fail. Pass the real estate exam using the excellent practice exams and informative feedback that the Minnesota License Professor's system provides.
In Minnesota, exams, licensing, and continuing education for real estate agents are governed by the Minnesota Department of Commerce.
There are two basic real estate licenses in Minnesota, a salesperson's license and a broker's license. Generally, a salesperson's license allows the holder to sell real estate only under the auspices of a licensed broker. (Salesperson's licenses are generally what people refer to when they say they have a real estate license.)
A Salesperson must be licensed to act on behalf of a licensed Minnesota Broker, and may not be licensed to act on behalf of more than one licensed Minnesota Broker during the same period of time. The license of each Salesperson shall be mailed to and remain in the possession of the licensed Minnesota Broker with whom the Salesperson is affiliated until the Salesperson ends affiliation with the Broker. The term of a Salesperson license is two years, expiring on June 30. Application forms are available by clicking on the links below.Sample Salesperson Exam
Applicant must have 2 years of licensed Minnesota Salesperson experience within the 5 years prior to the date of application for a Broker license in Minnesota or another state with comparable requirements. If this experience was obtained in another state, you must first submit a "Request for Waiver of Salesperson Experience" form. Applicants who wish to be considered for a waiver of the Salesperson experience requirement must submit this form to the Commerce Department and receive approval prior to taking the Broker exam.Sample Brokers Exam
Anyone holding licenses from any of these states may apply for a reciprocal license, and may be able to forego some classroom work and other requirements.