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COLIBRI REAL ESTATE MN Salesperson READINESS ASSESSMENT GUIDE Q & S 2026/2027
1. When considering land use controls and regulations, which of
the following is not a typical method of public control?
A) Zoning
B) Eminent domain
C) Deed restrictions
D) Building codes
Correct Answer: C) Deed restrictions
2. In Minnesota, which fiduciary duty requires an agent to disclose
all known facts that materially affect the value of the property?
A) Duty of Care
B) Duty of Loyalty
C) Duty of Disclosure
D) Duty of Obedience
Correct Answer: C) Duty of Disclosure
3. Which appraisal method estimates the value of a property by
comparing it to similar properties with known sale prices?
A) Cost approach
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