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SF 768

1st Engrossment - 91st Legislature (2019 - 2020) Posted on 04/25/2019 02:56pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Current Version - 1st Engrossment

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A bill for an act
 relating to commerce; modifying advertising requirements related to real estate
brokers and licensees; amending Minnesota Statutes 2018, section 82.69.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2018, section 82.69, is amended to read:


82.69 ADVERTISING REQUIREMENTS.

new text begin (a) new text end Any advertising by a licensee must deleted text begin includedeleted text end new text begin clearly and conspicuously displaynew text end the
real estate brokerage name deleted text begin more prominently displayed than the licensee's namedeleted text end .

new text begin (b) new text end If a salesperson or broker is part of a team or group within the brokerage, the licensee
may include the team or group name in the advertising only under the following conditions:

(1) the inclusion of the team or group name is authorized by the primary broker of the
brokerage to which the salesperson or broker is licensed; and

(2) the real estate brokerage name deleted text begin is included and more prominentlydeleted text end new text begin must be clearly
and conspicuouslynew text end displayed deleted text begin than the team or group namedeleted text end in the advertising.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective August 1, 2019.
 new text end