Subdivision 1.MS 2002 [Renumbered
82.41, subdivision 1
Subdivision 1. Licensee to receive only from broker.
A licensee shall not accept a
commission compensation or other valuable consideration for the performance of any acts
requiring a real estate license from any person except the real estate broker to whom the licensee
is licensed or to whom the licensee was licensed at the time of the transaction.
Subd. 2.MS 2002 [Renumbered
82.41, subd 2
Subd. 2. Undisclosed compensation.
A licensee shall not accept, give, or charge any
undisclosed compensation or realize any direct or indirect remuneration that inures to the benefit
of the licensee on an expenditure made for a principal.
Subd. 3.MS 2002 [Renumbered
82.41, subd 3
Subd. 3. Limitation on broker when transaction not completed.
When the owner fails or
is unable to consummate a real estate transaction, through no fault of the purchaser, the listing
broker may not claim any portion of any trust funds deposited with the broker by the purchaser,
absent a separate agreement with the purchaser.
82.41, subd 4
82.41, subd 5
82.41, subd 6
82.41, subd 7
82.41, subd 8
82.41, subd 9
Subd. 9.MS 1993 Supp [Repealed, 1994 c 587 art 5 s 31
Subd. 9.MS 2002 [Renumbered
82.41, subd 10
History: 2004 c 203 art 2 s 19,61