Minnesota State Real Estate Practice Test

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Prepare for the Minnesota Real Estate Exam. Enhance your knowledge with flashcards and multiple-choice questions, each complemented by detailed hints and explanations. Ace your licensing exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is one of the required modules included in the continuing education for salesperson licensees?

Real estate ethics
Agency law
Property management
Mortgage financing

The correct answer is: Agency law

Agency law is a required module included in the continuing education for salesperson licensees because it is fundamental to the practice of real estate. Understanding agency law is crucial as it defines the relationship between agents and their clients. This encompasses the duties and responsibilities an agent has towards their clients, including loyalty, disclosure, and the need to act in the client's best interest. Knowledge of agency law helps salespersons navigate their professional obligations and maintain compliance with Minnesota regulations, ultimately ensuring they serve their clients effectively and ethically. While real estate ethics, property management, and mortgage financing are important topics in the field, they are not specifically mandated as core components of the continuing education required for salesperson licensees in Minnesota.