MN RE Broker Practice Questions - Minnesota Real Estate Broker Exam

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Minnesota is one of the few states that uses the Torrens title registration system. What is the primary advantage of Torrens title?

It eliminates the need for title insurance entirely It provides a government-guaranteed certificate of title showing current ownership and encumbrances It allows properties to be sold without a deed It waives the requirement for a title search

Correct Answer:

It provides a government-guaranteed certificate of title showing current ownership and encumbrances

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