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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When does the statute of limitations on subdivided land commence?

When the lot is leased
When the parcel is recorded with the recording authority
When the property is sold
When the property is surveyed

The correct answer is: When the parcel is recorded with the recording authority

The statute of limitations on subdivided land commences when the parcel is recorded with the recording authority. This is significant because the act of recording is an official acknowledgment that establishes a legal record of the property’s existence and details in public archives. Once the parcel is recorded, it provides public notice of the subdivision and its associated rights, which is crucial for legal purposes. This recorded date then serves as the starting point for any applicable time limits for legal action or claims concerning that land. By establishing this timeline with the recording authority, owners and potential buyers can determine their rights and responsibilities related to the subdivided land. Thus, recording is a key event that triggers various legal implications regarding property ownership and transactions.