Minnesota State Real Estate Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Minnesota Real Estate Exam. Study with flashcards and multiple choice questions. Each question includes hints and explanations. Gain confidence and pass your 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.

An exclusive right to sell listing obtained by a broker associate belongs to whom?

The broker associate who lists the property
The seller of the property
The employing broker only
The real estate agency as a whole

The correct answer is: The employing broker only

In an exclusive right to sell listing, the agreement is made between the seller and the employing broker rather than the broker associate. The listing grants the employing broker the right to represent the seller, and any commissions earned from the sale are owed to the employing broker. Even if a broker associate facilitates the listing and works directly with the seller, the legal contract and its associated rights and obligations belong to the employing broker. This structure delineates how real estate transactions operate within the context of agency relationships, emphasizing the role of the broker as the primary party in the agreement.