Minnesota State Real Estate Practice Test

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Study for the Minnesota Real Estate Exam. Use flashcards and multiple-choice questions with hints and explanations. Get exam-ready efficiently!

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!

Practice this question and more.

What is the fee amount required for an initial license paid to the Education, Research, and Recovery Fund?

The correct answer is: $30

The fee amount required for an initial license paid to the Education, Research, and Recovery Fund is $30. This fee is crucial as it contributes to the funding of programs aimed at educating and protecting consumers in real estate transactions in Minnesota. It ensures that adequate resources are available for research and recovery initiatives that promote industry standards and consumer welfare. Understanding the correct fee structure is important for anyone entering the real estate profession, as it impacts the overall cost of obtaining and maintaining a license.