Start with the official requirements.
Your regulator is Minnesota Department of Commerce. Verify eligibility, approved schools, application timing, background checks, fees and any sponsoring-broker requirements directly before committing to a course.
Official regulator ↗- Regulator
- Minnesota Department of Commerce
- Prelicense education
- 90 hours
- Exam provider
- PSI
- Questions
- 130 questions (80 national + 50 state)
- Time
- 240 minutes
- Passing rule
- 75% on each portion
The steps, in order.
01
Confirm eligibility
Check age, education, background review and other requirements with the regulator.
02
Complete approved education
Confirm the current 90 hours education requirement and approved providers. LicenseIQ does not replace required prelicensing education.
03
Apply and schedule
Follow the regulator’s application and testing authorization sequence; submit required documents and fees. Exact sequencing varies.
04
Prepare and take the exam
Use the PSI candidate handbook for check-in, accommodations, allowed materials and current scoring.
05
Complete license issuance
After passing, complete remaining regulator requirements. Do not practice until the license is issued and active.
06
Maintain your license
Verify post-license education, renewal deadlines and continuing education with the regulator.
Post-license education
30 hrs within first license period (not re-verified)
Continuing education
30 hrs every 2 yrs (15/yr)
What’s on the state portion?
Topics from your LicenseIQ state course; the official exam outline controls.
- Minnesota Licensing, the Department of Commerce, and Enforcement4 lessons
- Minnesota Agency Relationships, Disclosures, and Listing Contracts4 lessons
- Trust Accounts, Compensation, Broker Conduct, and the Recovery Fund4 lessons
- Minnesota Seller Disclosures, Environmental Disclosures, and Contracts4 lessons
- Minnesota Ownership, Recording, Taxes, Common Interest Communities, and Liens4 lessons
- Minnesota Landlord-Tenant Law and the Minnesota Human Rights Act4 lessons
Try three practice questions.
Question 1
Under Minnesota law, which of the following is NOT a material fact a licensee must disclose?
- A. The well water tested positive for bacteria
- B. The basement floods each spring
- C. The roof leaks over the master bedroom
- D. The property was the site of perceived paranormal activity
Question 2
When must a Minnesota licensee provide the agency relationships disclosure form to a consumer in a residential transaction?
- A. At the first substantive contact
- B. Only when the consumer asks for it
- C. Before closing
- D. When the purchase agreement is signed
Question 3
Regardless of the number of claims, the most the Recovery Fund will pay on account of a single licensee is:
- A. $150,000
- B. $500,000
- C. $1,000,000
- D. $250,000
Catalog facts may change. Verify with primary sources. Explore Minnesota exam prep.