Minnesota State Real Estate Practice Test

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Prepare for the Minnesota State Real Estate Test with questions designed for better comprehension. Use flashcards, access multiple choice questions with detailed explanations, and boost your chances of passing successfully.

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What are the license fees for an initial salesperson's license in Minnesota?

$200
$130
$250
$210

The correct answer is: $130

The license fees for an initial salesperson's license in Minnesota are set at $130. This fee is established by the Minnesota Department of Commerce and is part of the regulatory framework aimed at ensuring that real estate professionals are adequately registered and able to practice legally. The fee supports the processing and administrative costs associated with issuing licenses and maintaining the integrity of the state’s real estate market. Understanding the fee structure is crucial for aspiring real estate agents as it is part of the overall cost of starting a career in real estate. Additionally, it's essential to keep in mind that fees may be subject to change, and it's beneficial for candidates to confirm current fees through official sources or the Minnesota Department of Commerce website.