1.Which of the following statements about the mortgage registry tax for mortgaged properties in Minnesota is CORRECT? -It is applied to the principal only. -It is applied to the full sale price of the mortgaged property. -It is applied to the principal and capitalized interest. -It is only applicable for properties with a qualifying mortgage.

2.A licensee is selling property which the licensee and the licensee's sibling own together. The licensee MUST disclose the: -length of time they have owned the property -licensee's family relationship to the sister -original purchase price of the property -appraised value

3.A licensed real estate broker is PROHIBITED from: -listing a home for sale as a member of a team -receiving a commission for negotiating the purchase of an office building -listing personally owned property with another broker -paying a finder's fee to an unlicensed person for the name of a friend who is thinking of buying a home