MN Real Estate study plan
MN Real Estate · Give each week a clear focus.
8 weeks · About 6 hours per week
Minnesota License Law, Statutes, and Administrative Rules
Map the Minnesota license application, reciprocity, and reinstatement pathways into a single one-page flow.
Separate duties fixed by statute from those fixed by administrative rule, naming the governing authority for each.
List the disciplinary actions the Commissioner may impose and match each to the conduct that triggers it.
Recite continuing education hour requirements and the renewal cycle from memory without notes.
Your checkpoint
Closed-book 25-question quiz on Domain 1 scored at 80% or better, with every missed item rewritten as a corrected rule statement.
Minnesota License Law, Statutes, and Administrative Rules & Contracts, Purchase Agreements, and Transactional Documents
Convert the timeline and contingency clauses of a purchase agreement into a dated transaction calendar for a hypothetical deal.
Identify each statutory disclosure and contingency document required in a Minnesota residential transaction and state the deadline for delivering it.
Explain the legal effect of the common addenda and contingency waivers used in Minnesota practice.
Re-test every Domain 1 item missed in Week 1 until each is answered correctly twice.
Your checkpoint
Completed sample transaction calendar plus a form-by-form checklist naming every required document, its delivery deadline, and the consequence of missing that deadline.
Contracts, Purchase Agreements, and Transactional Documents & Agency Relationships, Representation, and Required Disclosures
Distinguish the agency relationships permitted in Minnesota and state the duties owed under each.
Determine when dual agency or an advance-fee arrangement requires written disclosure and when it is prohibited.
Sequence the disclosures a buyer's broker must deliver, with the timing for each.
Diagnose contract formation failures such as counteroffer, late acceptance, and rescission, and name the remedy for each.
Your checkpoint
Written analysis of three fact patterns assigning agency status, disclosure obligations, and contract remedies, scored against a self-built rubric.
Agency Relationships, Representation, and Required Disclosures & Real Estate Financing, Mortgages, and Settlement
Trace a loan from application to closing and name the disclosure due at each stage.
Compute how points, discount fees, and mortgage insurance change the monthly payment on a sample loan.
Compare conventional, FHA, VA, and state housing finance loan features at a summary level.
Explain how escrow and impound accounts are established and adjusted at settlement.
Your checkpoint
Timed 40-question mixed set covering Domains 1, 2, 3, and 6, with a written error log of at least 20 entries grouped by failure cause.
Real Estate Financing, Mortgages, and Settlement & Seller and Buyer Disclosures and Property Condition Reporting
State the seller's property condition disclosure duties and the buyer's rescission right, including the deadline that ends it.
Identify property condition items that must be disclosed even when the buyer obtains an inspection.
Reconcile settlement statement figures against the closing disclosure and flag unexplained variances.
Compute tax and rent prorations at closing for a hypothetical settlement date.
Your checkpoint
Completed disclosure-timeline chart plus a fully reconciled settlement statement worksheet with zero unexplained variances.
Seller and Buyer Disclosures and Property Condition Reporting & Real Property Ownership, Rights, Interests, and Transfer
Classify the forms of co-ownership and the bundle of rights each conveys.
Distinguish easements, licenses, and covenants by how each is created, transferred, and terminated.
Explain the recording and title transfer process in Minnesota, including registered (Torrens) title.
Match common title defects to the instrument or remedy that cures each.
Your checkpoint
Annotated title and ownership outline plus 15 self-written flashcards on rights, interests, and transfer mechanics, all answered correctly in a self-quiz.
Valuation, Pricing, and Market Analysis & Fair Housing and Civil Rights Requirements & Trust Accounts, Records, and Brokerage Operations
Select and justify a valuation approach for a given property type and data set.
Reconcile an adjusted sales comparison grid and defend each adjustment made.
Apply fair housing protected classes and advertising rules to sample ads, flagging each violation and its correction.
Reconcile a trust account ledger and identify commingling, conversion, or missing documentation.
Your checkpoint
Compliance audit of 10 sample advertisements plus a corrected trust account reconciliation showing a balanced ledger.
Trust Accounts, Records, and Brokerage Operations & Closing, Escrow, and Post-Closing Responsibilities
Sequence the closing and escrow steps and list the broker's post-closing duties in order.
State the record retention periods and record types a broker must keep and produce on request.
Re-drill every item in the accumulated error logs until each is answered correctly twice.
Complete two full-length timed practice exams under test-day conditions.
Your checkpoint
Two full-length timed practice exams scored at or above the target pass mark, plus a one-page last-look sheet listing the weak rules still needing review.
Milestones
Week 2: Score 85% or better on a 30-question set drawn only from Domains 1 and 3, with no repeated error of the same rule.
Week 4: Score 75% or better on the timed 40-question mixed set for Domains 1, 2, 3, and 6, and show an error log with at least 20 categorized entries.
Week 6: Score 85% or better untimed on a 30-question set covering Domains 4 and 5, and be able to state every Domain 1 renewal and discipline rule from memory.
Week 8: Score at or above the target pass mark on two consecutive full-length timed practice exams covering all 10 domains.