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.

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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What is the maximum civil penalty the Commissioner can impose for real estate violations?

$1,000 per violation.
$5,000 per violation.
$10,000 per violation.
$15,000 per violation.

The correct answer is: $10,000 per violation.

The maximum civil penalty that the Commissioner can impose for real estate violations in Minnesota is $10,000 per violation. This amount serves as a deterrent against unethical practices in real estate and encourages compliance with the state's laws and regulations. This maximum penalty reflects the state's commitment to maintaining a fair and transparent real estate market. By establishing a significant penalty, the law emphasizes the importance of adherence to real estate rules, ultimately protecting consumers and ensuring the integrity of the profession.