MN Real Estate case studies
MN Real Estate · Put your knowledge to work in context.
The Minnesota Real Estate Salesperson Examination is the licensing test a candidate must pass to be issued a Minnesota real estate salesperson license and work under a sponsoring broker. It is intended for people entering the industry - career changers, new graduates, and assistants moving into a licensed role - who have completed the state's pre-licensing education requirement. The MN Real Estate case studies are 5 cases and about 3,854 words.
1The Open House Confession: Seller's Agent, Dual Agent, or Facilitator?
Priya is the listing agent for 1420 Ash Street, listed at 415,000. At a Saturday open house she meets Marcus, who has no agent and volunteers that he is pre-approved to 450,000 and 'will pay over list for the right house.' Priya explains how offers are submitted, but she never gives him a written agency disclosure.
727 words, about 4 min2The Trust Account That 'Netted Out by Friday'
Kim is the qualifying broker of ABC Realty, which employs six salespersons. The office manager deposits every earnest money check received during the week into the firm's general operating account on Friday and moves money to the trust account only 'when a deal gets close,' because the trust account charges a fee whenever the balance falls below 2,500.
765 words, about 4 min3Inherited Rambler, Late Disclosure, Capped Well
The seller inherited a 1958 rambler from her mother in 2021 and has never lived in it; she has been in the basement only once. The listing agent has her check 'no' or 'unknown' on every line of the seller's property disclosure statement.
807 words, about 4 min4Closing Thursday at 9: The Wire That Never Arrived
Closing is set for Thursday the 14th at 9:00 a.m. The lender emails the initial Closing Disclosure Monday the 11th at 4:00 p.m.; the buyer opens and acknowledges it that evening.
785 words, about 4 min5'No Kids, No Vouchers, No Wheelchairs' in St. Paul
Ruth owns a six-unit building in St. Paul and lists it with broker Alan.
770 words, about 4 min