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!

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What is the time limit to commence an action under the Radon Awareness Act?

1 year from closing
2 years from closing
3 years from the date of injury
No time limit specified

The correct answer is: 2 years from closing

The Radon Awareness Act establishes guidelines concerning radon gas exposure and the associated health risks, particularly in real estate transactions. According to the Act, the time limit to commence an action is two years from the closing of the property sale. This timeframe allows purchasers time to discover any potential issues related to radon levels in their purchased home and to take appropriate legal action if necessary. While there may be other time limits relating to different legal claims, the specific stipulation in the Radon Awareness Act emphasizes the two-year limit from closing. This ensures that buyers are afforded a reasonable window to address any issues without being indefinitely bound after their purchase.