kstate practice exam

Question 0

A broker is required to sign all the following EXCEPT:

Answer 0

a dual agency disclosure in the purchase agreement

Question 1

The Commissioner of Commerce must be notified within 10 days in which of the following scenarios?

Answer 1

A licensee receives an adverse civil judgement relating to fraudulent business practices

Question 2

To engage in the real estate business for a fee, all of the following must have a real estate license EXCEPT

Answer 2

An attorney representing a seller in the sale of a residence.

Question 3

A salesperson working with a buyer for the first time must give the buyer a disclosure that includes a:

Answer 3

statement regarding dual agency

Question 4

Which of the following would be considered a common interest community?

Answer 4

Planned community development

Question 5

A developer has purchased a tract of land to create a subdivision. According to the Minnesota Subdivided Lands Practice Act, the developer must do all the following EXCEPT:

Answer 5

have an on-site inspection of the property by the commerce department.

Question 6

A seller is required to disclose all ot the following EXCEPT:

Answer 6

presence of a sex offender provided the written department of corrections notice was given