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Office of the Revisor of Statutes

2021 Minnesota Statutes Index (topics)

REAL ESTATE BROKERS AND AGENTS

Access, statutes and rules, Minn. Statutes 2021 82.73

Address, supplying to commissioner, Minn. Statutes 2021 45.0112

Advertising, Minn. Statutes 2021 82.66, 82.67, 82.69, 82.81

Agency relationships

Continuing education about, Minn. Statutes 2021 82.61

Disclosure, Minn. Statutes 2021 82.66, 82.67

Attorneys, discouraging use of, Minn. Statutes 2021 82.71, 82.81

Automated valuation models, Minn. Statutes 2021 82.55

Broker price opinions, Minn. Statutes 2021 82.55, 82.735, 82B.021, 82B.035

Brokerage, definitions, Minn. Statutes 2021 82.55

Brokers

Broker price opinions, Minn. Statutes 2021 82.55, 82.735, 82B.021

Buyer's broker, definition, Minn. Statutes 2021 82.55

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

Definitions, Minn. Statutes 2021 82.55, 82.56, 82.67, 363A.03

Employer identification numbers, Minn. Statutes 2021 82.75

Guaranteed sale programs, Minn. Statutes 2021 82.74

Incapacity, temporary permits, Minn. Statutes 2021 82.63

Interest-bearing trust accounts, establishing, Minn. Statutes 2021 82.75

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2021 481.02

Licenses, Minn. Statutes 2021 82.63

Property management, extent of duties, Minn. Statutes 2021 82.73

Real estate closing agent licensure, exemption, Minn. Statutes 2021 82.641

Renewal of salesperson's licenses, duties, Minn. Statutes 2021 82.62

Responsibilities, generally, Minn. Statutes 2021 82.73

Responsibility for acts of salespeople and closing agents, Minn. Statutes 2021 82.63

Seller's broker, definition, Minn. Statutes 2021 82.55

Unclaimed Property Act, compliance, Minn. Statutes 2021 82.80

Business entity, definitions, Minn. Statutes 2021 82.55

Buyer representation agreements

Disclosure addendum, Minn. Statutes 2021 82.67

Negotiations by other real estate licensees, Minn. Statutes 2021 82.81

Buyer's broker, definition, Minn. Statutes 2021 82.55

Buyer's broker agreements, Minn. Statutes 2021 82.66, 82.81

Censure, Minn. Statutes 2021 82.73

Closing agents

Choice of agents, Minn. Statutes 2021 507.45

Fees, Minn. Statutes 2021 82.70, 507.45

Funds, disbursement, Minn. Statutes 2021 82.77

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2021 481.02

Licenses, see same under this topic

Place of business, Minn. Statutes 2021 56.12

Table funding, Minn. Statutes 2021 82.77

Closing services, Minn. Statutes 2021 82.81

Closing statements, Minn. Statutes 2021 82.71

Collection agencies, exclusion, Minn. Statutes 2021 332.32

Commercial real estate, continuing education, Minn. Statutes 2021 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 2021 82.70

Disclosures about, Minn. Statutes 2021 82.66

Requirements, generally, Minn. Statutes 2021 82.55

Sharing with broker, Minn. Statutes 2021 82.70

Complaints, Minn. Statutes 2021 82.73

Conflicts of interest, Minn. Statutes 2021 82.75

Continuing education, Minn. Statutes 2021 82.61

Contracts and agreements

Buyer's broker agreements, Minn. Statutes 2021 82.66, 82.81

Exclusive agreements, Minn. Statutes 2021 82.71, 82.81

Listing agreements, see LISTING AGREEMENTS

Residential real estate closings, Minn. Statutes 2021 507.45

Corporations, licenses, Minn. Statutes 2021 82.58

Courses of study, Minn. Statutes 2021 82.59, 82.60, 82.61

Credit services organizations, exclusion, Minn. Statutes 2021 332.52

Crimes, Minn. Statutes 2021 82.65, 82.83, 82.86

Definitions

Brokers, Minn. Statutes 2021 82.55, 82.56, 82.67

Generally, Minn. Statutes 2021 82.55

Human Rights Act, Minn. Statutes 2021 363A.03

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2021 58A.02

Disclosures

Agent of broker, Minn. Statutes 2021 82.68

Buyer's broker agreements, Minn. Statutes 2021 82.66

Closing agent fees, Minn. Statutes 2021 82.70

Closing costs, Minn. Statutes 2021 82.71

Documents, Minn. Statutes 2021 82.71

Dual agency, Minn. Statutes 2021 82.66, 82.67

Financial interests or relative or business associate disclosure, Minn. Statutes 2021 82.68

Financial planning products or services, Minn. Statutes 2021 82.81

Generally, Minn. Statutes 2021 82.67

Guaranteed sale programs, Minn. Statutes 2021 82.74

Listed property information, Minn. Statutes 2021 82.73

Listing agreements, Minn. Statutes 2021 82.66

Material facts, Minn. Statutes 2021 82.68

Nonperformance of party, Minn. Statutes 2021 82.68

Radon, Minn. Statutes 2021 144.496, 513.61

Representation of parties, Minn. Statutes 2021 82.81

Residential real estate closings, services, Minn. Statutes 2021 507.45

Right to recover in compensation action, effect of disclosures on, Minn. Statutes 2021 82.85

Seller disclosure statements, duties, Minn. Statutes 2021 513.55, 513.56

Tax returns, Minn. Statutes 2021 270B.07

Discrimination

Antidiscrimination laws, continuing education, Minn. Statutes 2021 82.61

Unfair discriminatory practices, see under REAL PROPERTY

Documents, copies to interested parties, Minn. Statutes 2021 82.72

Dual agency

Change in broker's representation, Minn. Statutes 2021 82.81

Defined, Minn. Statutes 2021 82.55

Disclosures about, Minn. Statutes 2021 82.66, 82.67

Listing agreements, Minn. Statutes 2021 82.66

Earnest money received by, deposits, Minn. Statutes 2021 82.75

Education and training, Minn. Statutes 2021 82.59, 82.60

Employees, supervision, Minn. Statutes 2021 82.73

Examinations, Minn. Statutes 2021 82.59, 82.62

Exclusive agency agreements, Minn. Statutes 2021 82.71, 82.81

Exemptions from law, membership camping contracts, brokers and salespersons, Minn. Statutes 2021 82A.26

Fees

Charging, Minn. Statutes 2021 82.81

Licenses, Minn. Statutes 2021 82.57, 82.63

Prohibited fees, Minn. Statutes 2021 82.70

Residential real estate closings, Minn. Statutes 2021 507.45

Trunk highway lands, sale, Minn. Statutes 2021 161.23, 161.43, 161.44

Financial planning products or services, disclosure, Minn. Statutes 2021 82.81

Finder's fees, Minn. Statutes 2021 82.70

Foreclosure solicitors, exclusion, Minn. Statutes 2021 325N.01

Forms, agency disclosure, Minn. Statutes 2021 82.67

Fraudulent, deceptive, and dishonest practices, Minn. Statutes 2021 82.81

Generally, Minn. Statutes 2021 82.55 to 82.80

Guaranteed sale programs, Minn. Statutes 2021 82.74

Guarantees of future profits, Minn. Statutes 2021 82.81

Insurance, unfair competition, Minn. Statutes 2021 72A.31

Investigations, Commerce Department, Minn. Statutes 2021 45.027

Lawsuits, Minn. Statutes 2021 82.85

Licenses

Applications, Minn. Statutes 2021 82.58, 82.82

Cancellation, Minn. Statutes 2021 82.62

Closing agents, Minn. Statutes 2021 82.641

Commercial property managers, Minn. Statutes 2021 491A.02

Community development corporations, exemptions, Minn. Statutes 2021 116J.982

Corporate and partnership licenses, Minn. Statutes 2021 82.58

Denial, revocation, or suspension, Minn. Statutes 2021 82.73, 82.82

Education requirements, Minn. Statutes 2021 82.59, 82.60

Exceptions, Minn. Statutes 2021 82.56

Exemptions, Minn. Statutes 2021 327B.04

Failure to renew, Minn. Statutes 2021 82.62

Fees, Minn. Statutes 2021 82.57, 82.63, 82.86

Generally, Minn. Statutes 2021 82.63

New licenses after name change, Minn. Statutes 2021 82.65

Partnerships, Minn. Statutes 2021 82.58

Reciprocity, Minn. Statutes 2021 45.0292, 82.64

Reinstatement, Minn. Statutes 2021 82.62, 82.86

Renewals, Minn. Statutes 2021 82.62, 82.86

Rental services, Minn. Statutes 2021 82.78

Requirements, Minn. Statutes 2021 82.59, 82.60, 82.63, 82.81

Rulemaking, Minn. Statutes 2021 82.63, 82.82, 82.89

Securities sales, limitations, Minn. Statutes 2021 82.81

Subdivided land sales, Minn. Statutes 2021 83.25

Suspension or revocation, Minn. Statutes 2021 82.73, 82.82, 82.86

Tax clearance, Minn. Statutes 2021 82.82

Limited broker licensees, Minn. Statutes 2021 83.25

Listing agreements, see LISTING AGREEMENTS

Loan brokers, Minn. Statutes 2021 82.55, 82.76

Low-income housing, operation and management, Minn. Statutes 2021 469.018

Manufactured home sales, Minn. Statutes 2021 327B.04

Market analysis, Minn. Statutes 2021 82B.035

Membership, Real Estate Appraisal Advisory Board, Minn. Statutes 2021 82B.073

Mortgage brokers, Minn. Statutes 2021 47.206, 58.02

Multiple listing services, private, sales sheets, data, classification, Minn. Statutes 2021 13.51

Negotiations, Minn. Statutes 2021 82.71

Nonagency services, agreements for, negotiations by other real estate licensees, Minn. Statutes 2021 82.81

Nonresidents, Minn. Statutes 2021 82.63, 82.88

Offers, duties, Minn. Statutes 2021 82.71

Partnerships, licenses, Minn. Statutes 2021 82.58

Primary brokers, Minn. Statutes 2021 82.55, 82.73

Prohibitions, Minn. Statutes 2021 82.81

Property sale and acquisition, Minn. Statutes 2021 373.01

Public information program, Minn. Statutes 2021 82.84

Purchase agreements, Minn. Statutes 2021 82.67, 82.81

Real estate education, research and recovery fund, Minn. Statutes 2021 82.86

Real property appraisers, see REAL PROPERTY APPRAISERS

Records and record keeping

Destruction of documents, Minn. Statutes 2021 82.72

Loan brokers, Minn. Statutes 2021 82.76

Primary brokers, Minn. Statutes 2021 82.73

Responsibility, Minn. Statutes 2021 82.73

Retention of documents, Minn. Statutes 2021 82.72

Storage, Minn. Statutes 2021 82.72

Trust funds, Minn. Statutes 2021 82.75

Rental services, Minn. Statutes 2021 82.78

Reports given, continuing education, Minn. Statutes 2021 82.61

Residential mortgage originator licenses, Minn. Statutes 2021 58.05

Responsible person, defined, Minn. Statutes 2021 82.55

Salespersons

Broker's responsibility for, Minn. Statutes 2021 82.63

Defined, Minn. Statutes 2021 82.55, 363A.03

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2021 481.02

Licenses, Minn. Statutes 2021 82.62, 82.63

Real estate closing agent licensure, exemption, Minn. Statutes 2021 82.641

Seller's brokers, Minn. Statutes 2021 82.55, 82.67

Service of process on, substituted service, Commerce Department, Minn. Statutes 2021 82.88

Services

Farms, estate planning and transfer, Minn. Statutes 2021 17.985

Residential real estate closings, Minn. Statutes 2021 507.45

Trunk highway land, sales, Minn. Statutes 2021 161.23, 161.43, 161.44

Social Security numbers, identification, Minn. Statutes 2021 82.82

Standards of conduct, Minn. Statutes 2021 82.73

Subdivided land sales, see Sales under SUBDIVIDED LAND

Table funding, Minn. Statutes 2021 58.13, 82.77

Tax returns, disclosure, Minn. Statutes 2021 270B.07

Taxes, delinquent, licenses withholding for, Minn. Statutes 2021 82.82

Telephone number, supplying to commissioner, Minn. Statutes 2021 45.0112

Temporary permits, Minn. Statutes 2021 82.63

Time, computation of, Minn. Statutes 2021 82.87

Trust funds

Credit unions, depositing in, Minn. Statutes 2021 52.04

Incomplete transactions, Minn. Statutes 2021 82.81

Real estate trust accounts, Minn. Statutes 2021 52.04, 82.75, 82.81

Savings associations, depositing with, Minn. Statutes 2021 51A.23

Unfair discriminatory practices, see under REAL PROPERTY

Violations and penalties

Exclusions from valuation, failure to disclose, Minn. Statutes 2021 82.66

Fraudulent, deceptive, or dishonest practices, Minn. Statutes 2021 82.81

Generally, Minn. Statutes 2021 82.83

Manufactured home sales laws, effect, Minn. Statutes 2021 327B.04

Real estate education, research and recovery fund lawsuits, false or untrue statements, Minn. Statutes 2021 82.86

Requiring particular lender, attorney or other professional, Minn. Statutes 2021 82.66

Securities sales outside scope of license, Minn. Statutes 2021 82.81

Self-serving provisions, Minn. Statutes 2021 82.81