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!

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!

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Which of the following is the fee for an initial broker's license?

$130
$210
$250
$180

The correct answer is: $210

The fee for an initial broker's license in Minnesota is indeed $210. This amount is set by state regulations and is reflective of the costs associated with processing the application and maintaining the licensing system. Licensing fees can vary by state and can be subject to change, so it is essential to reference the most current guidelines provided by the Minnesota Department of Commerce. Obtaining the license allows real estate professionals to operate legally in the state, and understanding the fee structure is vital for budgeting and planning when pursuing a career in real estate.