Minnesota State Real Estate Practice Test

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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!

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What is the time period allowed for giving notice of intent to file a lien?

30 days
45 days
60 days
90 days

The correct answer is: 45 days

In Minnesota, a party that wishes to file a mechanic's lien must provide a notice of intent to file that lien within a specific timeframe. That period is set at 45 days from the last day of work or the last day materials were supplied for the project. This rule is crucial in ensuring that contractors, subcontractors, and suppliers communicate their rights to file a lien before taking formal action, thus allowing property owners an opportunity to address any disputes or payments due. The legislation is designed to protect all parties involved in a construction project, ensuring transparency and providing a clear timeline for action. By understanding this 45-day notice requirement, those involved in real estate and construction can navigate their rights and obligations more effectively, reducing the risks of disputes and enhancing communication among stakeholders.