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Office of the Revisor of Statutes

2012 Minnesota Statutes Index (topics)

REAL ESTATE BROKERS AND AGENTS

Access, statutes and rules, Minn. Statutes 2012 82.73

Address, supplying to commissioner, Minn. Statutes 2012 45.0112

Advertising, Minn. Statutes 2012 82.66, 2012 82.67, 2012 82.69, 2012 82.81

Agency relationships

Continuing education about, Minn. Statutes 2012 82.61

Disclosure, Minn. Statutes 2012 82.66, 2012 82.67

Attorneys, discouraging use of, Minn. Statutes 2012 82.71, 2012 82.81

Automated valuation models, Minn. Statutes 2012 82.55

Broker price opinions, Minn. Statutes 2012 82.55, 2012 82.735, 2012 82B.021, 2012 82B.035

Brokerage, definitions, Minn. Statutes 2012 82.55

Brokers

Broker price opinions, Minn. Statutes 2012 82.55, 2012 82.735, 2012 82B.021

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

Definitions, Minn. Statutes 2012 82.55, 2012 82.56, 2012 82.67, 2012 363A.03

Employer identification numbers, Minn. Statutes 2012 82.75

Guaranteed sale programs, Minn. Statutes 2012 82.74

Incapacity, temporary permits, Minn. Statutes 2012 82.63

Interest-bearing trust accounts, establishing, Minn. Statutes 2012 82.75

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2012 481.02

Licenses, Minn. Statutes 2012 82.63

Property management, extent of duties, Minn. Statutes 2012 82.73

Real estate closing agent licensure, exemption, Minn. Statutes 2012 82.641

Renewal of salesperson's licenses, duties, Minn. Statutes 2012 82.62

Responsibilities, generally, Minn. Statutes 2012 82.73

Responsibility for acts of salespeople and closing agents, Minn. Statutes 2012 82.63

Unclaimed Property Act, compliance, Minn. Statutes 2012 82.80

Business entity, definitions, Minn. Statutes 2012 82.55

Business licenses, exception, Minn. Statutes 2012 116J.70

Buyer representation agreements

Disclosure addendum, Minn. Statutes 2012 82.67

Negotiations by other real estate licensees, Minn. Statutes 2012 82.81

Buyer's broker agreements, Minn. Statutes 2012 82.66, 2012 82.81

Censure, Minn. Statutes 2012 82.73

Checks received by, deposits, Minn. Statutes 2012 82.75

Closing agents

Choice of agents, Minn. Statutes 2012 507.45

Fees, Minn. Statutes 2012 82.70, 2012 507.45

Funds, disbursement, Minn. Statutes 2012 82.77

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2012 481.02

Licenses, see same under this topic

Place of business, Minn. Statutes 2012 56.12

Table funding, Minn. Statutes 2012 82.77

Closing services, Minn. Statutes 2012 82.81

Closing statements, Minn. Statutes 2012 82.71

Collection agencies, exclusion, Minn. Statutes 2012 332.32

Commercial real estate, continuing education, Minn. Statutes 2012 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 2012 82.70

Disclosures about, Minn. Statutes 2012 82.66

Requirements, generally, Minn. Statutes 2012 82.55

Sharing with broker, Minn. Statutes 2012 82.70

Complaints, Minn. Statutes 2012 82.73

Conflicts of interest, Minn. Statutes 2012 82.75

Continuing education, Minn. Statutes 2012 82.61

Contracts and agreements

Buyer's broker agreements, Minn. Statutes 2012 82.66, 2012 82.81

Exclusive agreements, Minn. Statutes 2012 82.71, 2012 82.81

Listing agreements, see LISTING AGREEMENTS

Residential real estate closings, Minn. Statutes 2012 507.45

Corporations, licenses, Minn. Statutes 2012 82.58

Courses of study, Minn. Statutes 2012 82.59, 2012 82.60, 2012 82.61

Credit services organizations, exclusion, Minn. Statutes 2012 332.52

Crimes, Minn. Statutes 2012 82.65, 2012 82.83, 2012 82.86

Definitions

Brokers, Minn. Statutes 2012 82.55, 2012 82.56, 2012 82.67

Generally, Minn. Statutes 2012 82.55

Human Rights Act, Minn. Statutes 2012 363A.03

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2012 58A.02

Disclosures

Agent of broker, Minn. Statutes 2012 82.68

Buyer's broker agreements, Minn. Statutes 2012 82.66

Closing agent fees, Minn. Statutes 2012 82.70

Closing costs, Minn. Statutes 2012 82.71

Documents, Minn. Statutes 2012 82.71

Dual agency, Minn. Statutes 2012 82.66, 2012 82.67

Financial interests or relative or business associate disclosure, Minn. Statutes 2012 82.68

Financial planning products or services, Minn. Statutes 2012 82.81

Generally, Minn. Statutes 2012 82.67

Guaranteed sale programs, Minn. Statutes 2012 82.74

Listed property information, Minn. Statutes 2012 82.73

Listing agreements, Minn. Statutes 2012 82.66

Material facts, Minn. Statutes 2012 82.68

Nonperformance of party, Minn. Statutes 2012 82.68

Representation of parties, Minn. Statutes 2012 82.81

Residential real estate closings, services, Minn. Statutes 2012 507.45

Right to recover in compensation action, effect of disclosures on, Minn. Statutes 2012 82.85

Seller disclosure statements, duties, Minn. Statutes 2012 513.55, 2012 513.56

Tax returns, Minn. Statutes 2012 270B.07

Discrimination

Antidiscrimination laws, continuing education, Minn. Statutes 2012 82.61

Unfair discriminatory practices, see under REAL PROPERTY

Documents, copies to interested parties, Minn. Statutes 2012 82.72

Dual agency

Change in broker's representation, Minn. Statutes 2012 82.81

Defined, Minn. Statutes 2012 82.55

Disclosures about, Minn. Statutes 2012 82.66, 2012 82.67

Listing agreements, Minn. Statutes 2012 82.66

Education and training, Minn. Statutes 2012 82.59, 2012 82.60

Employees, supervision, Minn. Statutes 2012 82.73

Examinations, Minn. Statutes 2012 82.59, 2012 82.62

Exclusive agency agreements, Minn. Statutes 2012 82.71, 2012 82.81

Exemptions from law, membership camping contracts, brokers and salespersons, Minn. Statutes 2012 82A.26

Fees

Charging, Minn. Statutes 2012 82.81

Licenses, Minn. Statutes 2012 82.57, 2012 82.63

Prohibited fees, Minn. Statutes 2012 82.70

Residential real estate closings, Minn. Statutes 2012 507.45

Trunk highway lands, sale, Minn. Statutes 2012 161.23, 2012 161.43, 2012 161.44

Financial planning products or services, disclosure, Minn. Statutes 2012 82.81

Finder's fees, Minn. Statutes 2012 82.70

Foreclosure consultants, exclusion, Minn. Statutes 2012 325N.01

Forms, agency disclosure, Minn. Statutes 2012 82.67

Fraudulent, deceptive, and dishonest practices, Minn. Statutes 2012 82.81

Generally, Minn. Statutes 2012 82.55 to 2012 82.80

Guaranteed sale programs, Minn. Statutes 2012 82.74

Guarantees of future profits, Minn. Statutes 2012 82.81

Insurance, unfair competition, Minn. Statutes 2012 72A.31

Investigations, Commerce Department, Minn. Statutes 2012 45.027

Lawsuits, Minn. Statutes 2012 82.85

Licenses

Applications, Minn. Statutes 2012 82.58, 2012 82.82

Business license, exception, Minn. Statutes 2012 116J.70

Cancellation, Minn. Statutes 2012 82.62

Closing agents, Minn. Statutes 2012 82.641

Commercial property managers, Minn. Statutes 2012 491A.02

Community development corporations, exemptions, Minn. Statutes 2012 116J.982

Corporate and partnership licenses, Minn. Statutes 2012 82.58

Denial, revocation, or suspension, Minn. Statutes 2012 82.73, 2012 82.82

Education requirements, Minn. Statutes 2012 82.59, 2012 82.60

Exceptions, Minn. Statutes 2012 82.56

Exemptions, Minn. Statutes 2012 327B.04

Failure to renew, Minn. Statutes 2012 82.62

Fees, Minn. Statutes 2012 82.57, 2012 82.63, 2012 82.86

Generally, Minn. Statutes 2012 82.63

New licenses after name change, Minn. Statutes 2012 82.65

Partnerships, Minn. Statutes 2012 82.58

Reciprocity, Minn. Statutes 2012 45.0292, 2012 82.64

Reinstatement, Minn. Statutes 2012 82.86

Renewals, Minn. Statutes 2012 82.62, 2012 82.86

Rental services, Minn. Statutes 2012 82.78

Requirements, Minn. Statutes 2012 82.59, 2012 82.60, 2012 82.63, 2012 82.81

Rulemaking, Minn. Statutes 2012 82.63, 2012 82.82, 2012 82.89

Securities sales, limitations, Minn. Statutes 2012 82.81

Subdivided land sales, Minn. Statutes 2012 83.25

Suspension or revocation, Minn. Statutes 2012 82.73, 2012 82.82, 2012 82.86

Tax clearance, Minn. Statutes 2012 82.82

Temporary licenses, Minn. Statutes 2012 45.0111

Limited broker licensees, Minn. Statutes 2012 83.25

Listing agreements, see LISTING AGREEMENTS

Loan brokers, Minn. Statutes 2012 82.55, 2012 82.76

Low-income housing, operation and management, Minn. Statutes 2012 469.018

Manufactured home sales, Minn. Statutes 2012 327B.04

Market analysis, Minn. Statutes 2012 82B.035

Mortgage brokers, Minn. Statutes 2012 47.206, 2012 58.02

Multiple listing services, private, sales sheets, data, classification, Minn. Statutes 2012 13.51

Negotiations, Minn. Statutes 2012 82.71

Nonagency services, agreements for, negotiations by other real estate licensees, Minn. Statutes 2012 82.81

Nonresidents, Minn. Statutes 2012 82.63, 2012 82.88

Offers, duties, Minn. Statutes 2012 82.71

Partnerships, licenses, Minn. Statutes 2012 82.58

Primary brokers, Minn. Statutes 2012 82.55, 2012 82.73

Prohibitions, Minn. Statutes 2012 82.81

Property sale and acquisition, Minn. Statutes 2012 373.01

Public information program, Minn. Statutes 2012 82.84

Purchase agreements, Minn. Statutes 2012 82.67, 2012 82.81

Real estate education, research and recovery fund, Minn. Statutes 2012 82.86

Real property appraisers, see REAL PROPERTY APPRAISERS

Records and record keeping

Destruction of documents, Minn. Statutes 2012 82.72

Loan brokers, Minn. Statutes 2012 82.76

Primary brokers, Minn. Statutes 2012 82.73

Responsibility, Minn. Statutes 2012 82.73

Retention of documents, Minn. Statutes 2012 82.72

Storage, Minn. Statutes 2012 82.72

Trust funds, Minn. Statutes 2012 82.75

Rental services, Minn. Statutes 2012 82.78

Reports given, continuing education, Minn. Statutes 2012 82.61

Residential mortgage originator licenses, Minn. Statutes 2012 58.05

Responsible person, defined, Minn. Statutes 2012 82.55

Salespersons

Broker's responsibility for, Minn. Statutes 2012 82.63

Defined, Minn. Statutes 2012 82.55, 2012 363A.03

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2012 481.02

Licenses, Minn. Statutes 2012 82.62, 2012 82.63

Real estate closing agent licensure, exemption, Minn. Statutes 2012 82.641

Seller's brokers, Minn. Statutes 2012 82.67

Service of process on, substituted service, Commerce Department, Minn. Statutes 2012 82.88

Services

Farms, estate planning and transfer, Minn. Statutes 2012 17.985

Residential real estate closings, Minn. Statutes 2012 507.45

Trunk highway land, sales, Minn. Statutes 2012 161.23, 2012 161.43, 2012 161.44

Social Security numbers, identification, Minn. Statutes 2012 82.82

Standards of conduct, Minn. Statutes 2012 82.73

Subagents, Minn. Statutes 2012 82.67

Subdivided land sales, see SUBDIVIDED LAND

Table funding, Minn. Statutes 2012 58.13, 2012 82.77

Tax returns, disclosure, Minn. Statutes 2012 270B.07

Taxes, delinquent, licenses withholding for, Minn. Statutes 2012 82.82

Telephone number, supplying to commissioner, Minn. Statutes 2012 45.0112

Temporary permits, Minn. Statutes 2012 82.63

Time, computation of, Minn. Statutes 2012 82.87

Trust funds

Credit unions, depositing in, Minn. Statutes 2012 52.04

Incomplete transactions, Minn. Statutes 2012 82.81

Real estate trust accounts, Minn. Statutes 2012 52.04, 2012 82.75, 2012 82.81

Savings associations, depositing with, Minn. Statutes 2012 51A.23

Unfair discriminatory practices, see under REAL PROPERTY

Violations and penalties

Exclusions from valuation, failure to disclose, Minn. Statutes 2012 82.66

Fraudulent, deceptive, or dishonest practices, Minn. Statutes 2012 82.81

Generally, Minn. Statutes 2012 82.83

Manufactured home sales laws, effect, Minn. Statutes 2012 327B.04

Real estate education, research and recovery fund lawsuits, false or untrue statements, Minn. Statutes 2012 82.86

Requiring particular lender, attorney or other professional, Minn. Statutes 2012 82.66

Securities sales outside scope of license, Minn. Statutes 2012 82.81

Self-serving provisions, Minn. Statutes 2012 82.81