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Minnesota Legislature

Office of the Revisor of Statutes

2019 Minnesota Statutes Index (topics)

REAL ESTATE BROKERS AND AGENTS

Access, statutes and rules, Minn. Statutes 2019 82.73

Address, supplying to commissioner, Minn. Statutes 2019 45.0112

Advertising, Minn. Statutes 2019 82.66, 2019 82.67, 2019 82.69, 2019 82.81

Agency relationships

Continuing education about, Minn. Statutes 2019 82.61

Disclosure, Minn. Statutes 2019 82.66, 2019 82.67

Attorneys, discouraging use of, Minn. Statutes 2019 82.71, 2019 82.81

Automated valuation models, Minn. Statutes 2019 82.55

Broker price opinions, Minn. Statutes 2019 82.55, 2019 82.735, 2019 82B.021, 2019 82B.035

Brokerage, definitions, Minn. Statutes 2019 82.55

Brokers

Broker price opinions, Minn. Statutes 2019 82.55, 2019 82.735, 2019 82B.021

Buyer's broker, definition, Minn. Statutes 2019 82.55

Compensation, see Compensation for sale, purchase, lease, rental, or management of real property under this topic

Definitions, Minn. Statutes 2019 82.55, 2019 82.56, 2019 82.67, 2019 363A.03

Employer identification numbers, Minn. Statutes 2019 82.75

Guaranteed sale programs, Minn. Statutes 2019 82.74

Incapacity, temporary permits, Minn. Statutes 2019 82.63

Interest-bearing trust accounts, establishing, Minn. Statutes 2019 82.75

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2019 481.02

Licenses, Minn. Statutes 2019 82.63

Property management, extent of duties, Minn. Statutes 2019 82.73

Real estate closing agent licensure, exemption, Minn. Statutes 2019 82.641

Renewal of salesperson's licenses, duties, Minn. Statutes 2019 82.62

Responsibilities, generally, Minn. Statutes 2019 82.73

Responsibility for acts of salespeople and closing agents, Minn. Statutes 2019 82.63

Seller's broker, definition, Minn. Statutes 2019 82.55

Unclaimed Property Act, compliance, Minn. Statutes 2019 82.80

Business entity, definitions, Minn. Statutes 2019 82.55

Buyer representation agreements

Disclosure addendum, Minn. Statutes 2019 82.67

Negotiations by other real estate licensees, Minn. Statutes 2019 82.81

Buyer's broker agreements, Minn. Statutes 2019 82.66, 2019 82.81

Buyer's broker, definition, Minn. Statutes 2019 82.55

Censure, Minn. Statutes 2019 82.73

Closing agents

Choice of agents, Minn. Statutes 2019 507.45

Fees, Minn. Statutes 2019 82.70, 2019 507.45

Funds, disbursement, Minn. Statutes 2019 82.77

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2019 481.02

Licenses, see same under this topic

Place of business, Minn. Statutes 2019 56.12

Table funding, Minn. Statutes 2019 82.77

Closing services, Minn. Statutes 2019 82.81

Closing statements, Minn. Statutes 2019 82.71

Collection agencies, exclusion, Minn. Statutes 2019 332.32

Commercial real estate, continuing education, Minn. Statutes 2019 82.61

Compensation for sale, purchase, lease, rental, or management of real property

Commission-splitting, rebates, referral fees, and finder's fees prohibited, Minn. Statutes 2019 82.70

Disclosures about, Minn. Statutes 2019 82.66

Requirements, generally, Minn. Statutes 2019 82.55

Sharing with broker, Minn. Statutes 2019 82.70

Complaints, Minn. Statutes 2019 82.73

Conflicts of interest, Minn. Statutes 2019 82.75

Continuing education, Minn. Statutes 2019 82.61

Contracts and agreements

Buyer's broker agreements, Minn. Statutes 2019 82.66, 2019 82.81

Exclusive agreements, Minn. Statutes 2019 82.71, 2019 82.81

Listing agreements, see LISTING AGREEMENTS

Residential real estate closings, Minn. Statutes 2019 507.45

Corporations, licenses, Minn. Statutes 2019 82.58

Courses of study, Minn. Statutes 2019 82.59, 2019 82.60, 2019 82.61

Credit services organizations, exclusion, Minn. Statutes 2019 332.52

Crimes, Minn. Statutes 2019 82.65, 2019 82.83, 2019 82.86

Definitions

Brokers, Minn. Statutes 2019 82.55, 2019 82.56, 2019 82.67

Generally, Minn. Statutes 2019 82.55

Human Rights Act, Minn. Statutes 2019 363A.03

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2019 58A.02

Disclosures

Agent of broker, Minn. Statutes 2019 82.68

Buyer's broker agreements, Minn. Statutes 2019 82.66

Closing agent fees, Minn. Statutes 2019 82.70

Closing costs, Minn. Statutes 2019 82.71

Documents, Minn. Statutes 2019 82.71

Dual agency, Minn. Statutes 2019 82.66, 2019 82.67

Financial interests or relative or business associate disclosure, Minn. Statutes 2019 82.68

Financial planning products or services, Minn. Statutes 2019 82.81

Generally, Minn. Statutes 2019 82.67

Guaranteed sale programs, Minn. Statutes 2019 82.74

Listed property information, Minn. Statutes 2019 82.73

Listing agreements, Minn. Statutes 2019 82.66

Material facts, Minn. Statutes 2019 82.68

Nonperformance of party, Minn. Statutes 2019 82.68

Radon, Minn. Statutes 2019 144.496, 2019 513.61

Representation of parties, Minn. Statutes 2019 82.81

Residential real estate closings, services, Minn. Statutes 2019 507.45

Right to recover in compensation action, effect of disclosures on, Minn. Statutes 2019 82.85

Seller disclosure statements, duties, Minn. Statutes 2019 513.55, 2019 513.56

Tax returns, Minn. Statutes 2019 270B.07

Discrimination

Antidiscrimination laws, continuing education, Minn. Statutes 2019 82.61

Unfair discriminatory practices, see under REAL PROPERTY

Documents, copies to interested parties, Minn. Statutes 2019 82.72

Dual agency

Change in broker's representation, Minn. Statutes 2019 82.81

Defined, Minn. Statutes 2019 82.55

Disclosures about, Minn. Statutes 2019 82.66, 2019 82.67

Listing agreements, Minn. Statutes 2019 82.66

Earnest money received by, deposits, Minn. Statutes 2019 82.75

Education and training, Minn. Statutes 2019 82.59, 2019 82.60

Employees, supervision, Minn. Statutes 2019 82.73

Examinations, Minn. Statutes 2019 82.59, 2019 82.62

Exclusive agency agreements, Minn. Statutes 2019 82.71, 2019 82.81

Exemptions from law, membership camping contracts, brokers and salespersons, Minn. Statutes 2019 82A.26

Fees

Charging, Minn. Statutes 2019 82.81

Licenses, Minn. Statutes 2019 82.57, 2019 82.63

Prohibited fees, Minn. Statutes 2019 82.70

Residential real estate closings, Minn. Statutes 2019 507.45

Trunk highway lands, sale, Minn. Statutes 2019 161.23, 2019 161.43, 2019 161.44

Financial planning products or services, disclosure, Minn. Statutes 2019 82.81

Finder's fees, Minn. Statutes 2019 82.70

Foreclosure consultants, exclusion, Minn. Statutes 2019 325N.01

Forms, agency disclosure, Minn. Statutes 2019 82.67

Fraudulent, deceptive, and dishonest practices, Minn. Statutes 2019 82.81

Generally, Minn. Statutes 2019 82.55 to 2019 82.80

Guaranteed sale programs, Minn. Statutes 2019 82.74

Guarantees of future profits, Minn. Statutes 2019 82.81

Insurance, unfair competition, Minn. Statutes 2019 72A.31

Investigations, Commerce Department, Minn. Statutes 2019 45.027

Lawsuits, Minn. Statutes 2019 82.85

Licenses

Applications, Minn. Statutes 2019 82.58, 2019 82.82

Cancellation, Minn. Statutes 2019 82.62

Closing agents, Minn. Statutes 2019 82.641

Commercial property managers, Minn. Statutes 2019 491A.02

Community development corporations, exemptions, Minn. Statutes 2019 116J.982

Corporate and partnership licenses, Minn. Statutes 2019 82.58

Denial, revocation, or suspension, Minn. Statutes 2019 82.73, 2019 82.82

Education requirements, Minn. Statutes 2019 82.59, 2019 82.60

Exceptions, Minn. Statutes 2019 82.56

Exemptions, Minn. Statutes 2019 327B.04

Failure to renew, Minn. Statutes 2019 82.62

Fees, Minn. Statutes 2019 82.57, 2019 82.63, 2019 82.86

Generally, Minn. Statutes 2019 82.63

New licenses after name change, Minn. Statutes 2019 82.65

Partnerships, Minn. Statutes 2019 82.58

Reciprocity, Minn. Statutes 2019 45.0292, 2019 82.64

Reinstatement, Minn. Statutes 2019 82.62, 2019 82.86

Renewals, Minn. Statutes 2019 82.62, 2019 82.86

Rental services, Minn. Statutes 2019 82.78

Requirements, Minn. Statutes 2019 82.59, 2019 82.60, 2019 82.63, 2019 82.81

Rulemaking, Minn. Statutes 2019 82.63, 2019 82.82, 2019 82.89

Securities sales, limitations, Minn. Statutes 2019 82.81

Subdivided land sales, Minn. Statutes 2019 83.25

Suspension or revocation, Minn. Statutes 2019 82.73, 2019 82.82, 2019 82.86

Tax clearance, Minn. Statutes 2019 82.82

Limited broker licensees, Minn. Statutes 2019 83.25

Listing agreements, see LISTING AGREEMENTS

Loan brokers, Minn. Statutes 2019 82.55, 2019 82.76

Low-income housing, operation and management, Minn. Statutes 2019 469.018

Manufactured home sales, Minn. Statutes 2019 327B.04

Market analysis, Minn. Statutes 2019 82B.035

Membership, Real Estate Appraisal Advisory Board, Minn. Statutes 2019 82B.073

Mortgage brokers, Minn. Statutes 2019 47.206, 2019 58.02

Multiple listing services, private, sales sheets, data, classification, Minn. Statutes 2019 13.51

Negotiations, Minn. Statutes 2019 82.71

Nonagency services, agreements for, negotiations by other real estate licensees, Minn. Statutes 2019 82.81

Nonresidents, Minn. Statutes 2019 82.63, 2019 82.88

Offers, duties, Minn. Statutes 2019 82.71

Partnerships, licenses, Minn. Statutes 2019 82.58

Primary brokers, Minn. Statutes 2019 82.55, 2019 82.73

Prohibitions, Minn. Statutes 2019 82.81

Property sale and acquisition, Minn. Statutes 2019 373.01

Public information program, Minn. Statutes 2019 82.84

Purchase agreements, Minn. Statutes 2019 82.67, 2019 82.81

Real estate education, research and recovery fund, Minn. Statutes 2019 82.86

Real property appraisers, see REAL PROPERTY APPRAISERS

Records and record keeping

Destruction of documents, Minn. Statutes 2019 82.72

Loan brokers, Minn. Statutes 2019 82.76

Primary brokers, Minn. Statutes 2019 82.73

Responsibility, Minn. Statutes 2019 82.73

Retention of documents, Minn. Statutes 2019 82.72

Storage, Minn. Statutes 2019 82.72

Trust funds, Minn. Statutes 2019 82.75

Rental services, Minn. Statutes 2019 82.78

Reports given, continuing education, Minn. Statutes 2019 82.61

Residential mortgage originator licenses, Minn. Statutes 2019 58.05

Responsible person, defined, Minn. Statutes 2019 82.55

Salespersons

Broker's responsibility for, Minn. Statutes 2019 82.63

Defined, Minn. Statutes 2019 82.55, 2019 363A.03

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2019 481.02

Licenses, Minn. Statutes 2019 82.62, 2019 82.63

Real estate closing agent licensure, exemption, Minn. Statutes 2019 82.641

Seller's brokers, Minn. Statutes 2019 82.55, 2019 82.67

Service of process on, substituted service, Commerce Department, Minn. Statutes 2019 82.88

Services

Farms, estate planning and transfer, Minn. Statutes 2019 17.985

Residential real estate closings, Minn. Statutes 2019 507.45

Trunk highway land, sales, Minn. Statutes 2019 161.23, 2019 161.43, 2019 161.44

Social Security numbers, identification, Minn. Statutes 2019 82.82

Standards of conduct, Minn. Statutes 2019 82.73

Subdivided land sales, see Sales under SUBDIVIDED LAND

Table funding, Minn. Statutes 2019 58.13, 2019 82.77

Tax returns, disclosure, Minn. Statutes 2019 270B.07

Taxes, delinquent, licenses withholding for, Minn. Statutes 2019 82.82

Telephone number, supplying to commissioner, Minn. Statutes 2019 45.0112

Temporary permits, Minn. Statutes 2019 82.63

Time, computation of, Minn. Statutes 2019 82.87

Trust funds

Credit unions, depositing in, Minn. Statutes 2019 52.04

Incomplete transactions, Minn. Statutes 2019 82.81

Real estate trust accounts, Minn. Statutes 2019 52.04, 2019 82.75, 2019 82.81

Savings associations, depositing with, Minn. Statutes 2019 51A.23

Unfair discriminatory practices, see under REAL PROPERTY

Violations and penalties

Exclusions from valuation, failure to disclose, Minn. Statutes 2019 82.66

Fraudulent, deceptive, or dishonest practices, Minn. Statutes 2019 82.81

Generally, Minn. Statutes 2019 82.83

Manufactured home sales laws, effect, Minn. Statutes 2019 327B.04

Real estate education, research and recovery fund lawsuits, false or untrue statements, Minn. Statutes 2019 82.86

Requiring particular lender, attorney or other professional, Minn. Statutes 2019 82.66

Securities sales outside scope of license, Minn. Statutes 2019 82.81

Self-serving provisions, Minn. Statutes 2019 82.81