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Minnesota Legislature

Office of the Revisor of Statutes

REAL ESTATE BROKERS AND AGENTS

Access, statutes and rules, Minn. Statutes 2018 82.73

Address, supplying to commissioner, Minn. Statutes 2018 45.0112

Advertising, Minn. Statutes 2018 82.66, 2018 82.67, 2018 82.69, 2018 82.81

Agency relationships

Continuing education about, Minn. Statutes 2018 82.61

Disclosure, Minn. Statutes 2018 82.66, 2018 82.67

Attorneys, discouraging use of, Minn. Statutes 2018 82.71, 2018 82.81

Automated valuation models, Minn. Statutes 2018 82.55

Broker price opinions, Minn. Statutes 2018 82.55, 2018 82.735, 2018 82B.021, 2018 82B.035

Brokerage, definitions, Minn. Statutes 2018 82.55

Brokers

Broker price opinions, Minn. Statutes 2018 82.55, 2018 82.735, 2018 82B.021

Buyer's broker, definition, Minn. Statutes 2018 82.55

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

Definitions, Minn. Statutes 2018 82.55, 2018 82.56, 2018 82.67, 2018 363A.03

Employer identification numbers, Minn. Statutes 2018 82.75

Guaranteed sale programs, Minn. Statutes 2018 82.74

Incapacity, temporary permits, Minn. Statutes 2018 82.63

Interest-bearing trust accounts, establishing, Minn. Statutes 2018 82.75

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2018 481.02

Licenses, Minn. Statutes 2018 82.63

Property management, extent of duties, Minn. Statutes 2018 82.73

Real estate closing agent licensure, exemption, Minn. Statutes 2018 82.641

Renewal of salesperson's licenses, duties, Minn. Statutes 2018 82.62

Responsibilities, generally, Minn. Statutes 2018 82.73

Responsibility for acts of salespeople and closing agents, Minn. Statutes 2018 82.63

Seller's broker, definition, Minn. Statutes 2018 82.55

Unclaimed Property Act, compliance, Minn. Statutes 2018 82.80

Business entity, definitions, Minn. Statutes 2018 82.55

Buyer representation agreements

Disclosure addendum, Minn. Statutes 2018 82.67

Negotiations by other real estate licensees, Minn. Statutes 2018 82.81

Buyer's broker agreements, Minn. Statutes 2018 82.66, 2018 82.81

Buyer's broker, definition, Minn. Statutes 2018 82.55

Censure, Minn. Statutes 2018 82.73

Closing agents

Choice of agents, Minn. Statutes 2018 507.45

Fees, Minn. Statutes 2018 82.70, 2018 507.45

Funds, disbursement, Minn. Statutes 2018 82.77

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2018 481.02

Licenses, see same under this topic

Place of business, Minn. Statutes 2018 56.12

Table funding, Minn. Statutes 2018 82.77

Closing services, Minn. Statutes 2018 82.81

Closing statements, Minn. Statutes 2018 82.71

Collection agencies, exclusion, Minn. Statutes 2018 332.32

Commercial real estate, continuing education, Minn. Statutes 2018 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 2018 82.70

Disclosures about, Minn. Statutes 2018 82.66

Requirements, generally, Minn. Statutes 2018 82.55

Sharing with broker, Minn. Statutes 2018 82.70

Complaints, Minn. Statutes 2018 82.73

Conflicts of interest, Minn. Statutes 2018 82.75

Continuing education, Minn. Statutes 2018 82.61

Contracts and agreements

Buyer's broker agreements, Minn. Statutes 2018 82.66, 2018 82.81

Exclusive agreements, Minn. Statutes 2018 82.71, 2018 82.81

Listing agreements, see LISTING AGREEMENTS

Residential real estate closings, Minn. Statutes 2018 507.45

Corporations, licenses, Minn. Statutes 2018 82.58

Courses of study, Minn. Statutes 2018 82.59, 2018 82.60, 2018 82.61

Credit services organizations, exclusion, Minn. Statutes 2018 332.52

Crimes, Minn. Statutes 2018 82.65, 2018 82.83, 2018 82.86

Definitions

Brokers, Minn. Statutes 2018 82.55, 2018 82.56, 2018 82.67

Generally, Minn. Statutes 2018 82.55

Human Rights Act, Minn. Statutes 2018 363A.03

S.A.F.E. Mortgage Licensing Act, Minn. Statutes 2018 58A.02

Disclosures

Agent of broker, Minn. Statutes 2018 82.68

Buyer's broker agreements, Minn. Statutes 2018 82.66

Closing agent fees, Minn. Statutes 2018 82.70

Closing costs, Minn. Statutes 2018 82.71

Documents, Minn. Statutes 2018 82.71

Dual agency, Minn. Statutes 2018 82.66, 2018 82.67

Financial interests or relative or business associate disclosure, Minn. Statutes 2018 82.68

Financial planning products or services, Minn. Statutes 2018 82.81

Generally, Minn. Statutes 2018 82.67

Guaranteed sale programs, Minn. Statutes 2018 82.74

Listed property information, Minn. Statutes 2018 82.73

Listing agreements, Minn. Statutes 2018 82.66

Material facts, Minn. Statutes 2018 82.68

Nonperformance of party, Minn. Statutes 2018 82.68

Radon, Minn. Statutes 2018 144.496, 2018 513.61

Representation of parties, Minn. Statutes 2018 82.81

Residential real estate closings, services, Minn. Statutes 2018 507.45

Right to recover in compensation action, effect of disclosures on, Minn. Statutes 2018 82.85

Seller disclosure statements, duties, Minn. Statutes 2018 513.55, 2018 513.56

Tax returns, Minn. Statutes 2018 270B.07

Discrimination

Antidiscrimination laws, continuing education, Minn. Statutes 2018 82.61

Unfair discriminatory practices, see under REAL PROPERTY

Documents, copies to interested parties, Minn. Statutes 2018 82.72

Dual agency

Change in broker's representation, Minn. Statutes 2018 82.81

Defined, Minn. Statutes 2018 82.55

Disclosures about, Minn. Statutes 2018 82.66, 2018 82.67

Listing agreements, Minn. Statutes 2018 82.66

Earnest money received by, deposits, Minn. Statutes 2018 82.75

Education and training, Minn. Statutes 2018 82.59, 2018 82.60

Employees, supervision, Minn. Statutes 2018 82.73

Examinations, Minn. Statutes 2018 82.59, 2018 82.62

Exclusive agency agreements, Minn. Statutes 2018 82.71, 2018 82.81

Exemptions from law, membership camping contracts, brokers and salespersons, Minn. Statutes 2018 82A.26

Fees

Charging, Minn. Statutes 2018 82.81

Licenses, Minn. Statutes 2018 82.57, 2018 82.63

Prohibited fees, Minn. Statutes 2018 82.70

Residential real estate closings, Minn. Statutes 2018 507.45

Trunk highway lands, sale, Minn. Statutes 2018 161.23, 2018 161.43, 2018 161.44

Financial planning products or services, disclosure, Minn. Statutes 2018 82.81

Finder's fees, Minn. Statutes 2018 82.70

Foreclosure consultants, exclusion, Minn. Statutes 2018 325N.01

Forms, agency disclosure, Minn. Statutes 2018 82.67

Fraudulent, deceptive, and dishonest practices, Minn. Statutes 2018 82.81

Generally, Minn. Statutes 2018 82.55 to 2018 82.80

Guaranteed sale programs, Minn. Statutes 2018 82.74

Guarantees of future profits, Minn. Statutes 2018 82.81

Insurance, unfair competition, Minn. Statutes 2018 72A.31

Investigations, Commerce Department, Minn. Statutes 2018 45.027

Lawsuits, Minn. Statutes 2018 82.85

Licenses

Applications, Minn. Statutes 2018 82.58, 2018 82.82

Cancellation, Minn. Statutes 2018 82.62

Closing agents, Minn. Statutes 2018 82.641

Commercial property managers, Minn. Statutes 2018 491A.02

Community development corporations, exemptions, Minn. Statutes 2018 116J.982

Corporate and partnership licenses, Minn. Statutes 2018 82.58

Denial, revocation, or suspension, Minn. Statutes 2018 82.73, 2018 82.82

Education requirements, Minn. Statutes 2018 82.59, 2018 82.60

Exceptions, Minn. Statutes 2018 82.56

Exemptions, Minn. Statutes 2018 327B.04

Failure to renew, Minn. Statutes 2018 82.62

Fees, Minn. Statutes 2018 82.57, 2018 82.63, 2018 82.86

Generally, Minn. Statutes 2018 82.63

New licenses after name change, Minn. Statutes 2018 82.65

Partnerships, Minn. Statutes 2018 82.58

Reciprocity, Minn. Statutes 2018 45.0292, 2018 82.64

Reinstatement, Minn. Statutes 2018 82.62, 2018 82.86

Renewals, Minn. Statutes 2018 82.62, 2018 82.86

Rental services, Minn. Statutes 2018 82.78

Requirements, Minn. Statutes 2018 82.59, 2018 82.60, 2018 82.63, 2018 82.81

Rulemaking, Minn. Statutes 2018 82.63, 2018 82.82, 2018 82.89

Securities sales, limitations, Minn. Statutes 2018 82.81

Subdivided land sales, Minn. Statutes 2018 83.25

Suspension or revocation, Minn. Statutes 2018 82.73, 2018 82.82, 2018 82.86

Tax clearance, Minn. Statutes 2018 82.82

Limited broker licensees, Minn. Statutes 2018 83.25

Listing agreements, see LISTING AGREEMENTS

Loan brokers, Minn. Statutes 2018 82.55, 2018 82.76

Low-income housing, operation and management, Minn. Statutes 2018 469.018

Manufactured home sales, Minn. Statutes 2018 327B.04

Market analysis, Minn. Statutes 2018 82B.035

Membership, Real Estate Appraisal Advisory Board, Minn. Statutes 2018 82B.073

Mortgage brokers, Minn. Statutes 2018 47.206, 2018 58.02

Multiple listing services, private, sales sheets, data, classification, Minn. Statutes 2018 13.51

Negotiations, Minn. Statutes 2018 82.71

Nonagency services, agreements for, negotiations by other real estate licensees, Minn. Statutes 2018 82.81

Nonresidents, Minn. Statutes 2018 82.63, 2018 82.88

Offers, duties, Minn. Statutes 2018 82.71

Partnerships, licenses, Minn. Statutes 2018 82.58

Primary brokers, Minn. Statutes 2018 82.55, 2018 82.73

Prohibitions, Minn. Statutes 2018 82.81

Property sale and acquisition, Minn. Statutes 2018 373.01

Public information program, Minn. Statutes 2018 82.84

Purchase agreements, Minn. Statutes 2018 82.67, 2018 82.81

Real estate education, research and recovery fund, Minn. Statutes 2018 82.86

Real property appraisers, see REAL PROPERTY APPRAISERS

Records and record keeping

Destruction of documents, Minn. Statutes 2018 82.72

Loan brokers, Minn. Statutes 2018 82.76

Primary brokers, Minn. Statutes 2018 82.73

Responsibility, Minn. Statutes 2018 82.73

Retention of documents, Minn. Statutes 2018 82.72

Storage, Minn. Statutes 2018 82.72

Trust funds, Minn. Statutes 2018 82.75

Rental services, Minn. Statutes 2018 82.78

Reports given, continuing education, Minn. Statutes 2018 82.61

Residential mortgage originator licenses, Minn. Statutes 2018 58.05

Responsible person, defined, Minn. Statutes 2018 82.55

Salespersons

Broker's responsibility for, Minn. Statutes 2018 82.63

Defined, Minn. Statutes 2018 82.55, 2018 363A.03

Legal documents, drafting, unauthorized practice of law, Minn. Statutes 2018 481.02

Licenses, Minn. Statutes 2018 82.62, 2018 82.63

Real estate closing agent licensure, exemption, Minn. Statutes 2018 82.641

Seller's brokers, Minn. Statutes 2018 82.55, 2018 82.67

Service of process on, substituted service, Commerce Department, Minn. Statutes 2018 82.88

Services

Farms, estate planning and transfer, Minn. Statutes 2018 17.985

Residential real estate closings, Minn. Statutes 2018 507.45

Trunk highway land, sales, Minn. Statutes 2018 161.23, 2018 161.43, 2018 161.44

Social Security numbers, identification, Minn. Statutes 2018 82.82

Standards of conduct, Minn. Statutes 2018 82.73

Subdivided land sales, see Sales under SUBDIVIDED LAND

Table funding, Minn. Statutes 2018 58.13, 2018 82.77

Tax returns, disclosure, Minn. Statutes 2018 270B.07

Taxes, delinquent, licenses withholding for, Minn. Statutes 2018 82.82

Telephone number, supplying to commissioner, Minn. Statutes 2018 45.0112

Temporary permits, Minn. Statutes 2018 82.63

Time, computation of, Minn. Statutes 2018 82.87

Trust funds

Credit unions, depositing in, Minn. Statutes 2018 52.04

Incomplete transactions, Minn. Statutes 2018 82.81

Real estate trust accounts, Minn. Statutes 2018 52.04, 2018 82.75, 2018 82.81

Savings associations, depositing with, Minn. Statutes 2018 51A.23

Unfair discriminatory practices, see under REAL PROPERTY

Violations and penalties

Exclusions from valuation, failure to disclose, Minn. Statutes 2018 82.66

Fraudulent, deceptive, or dishonest practices, Minn. Statutes 2018 82.81

Generally, Minn. Statutes 2018 82.83

Manufactured home sales laws, effect, Minn. Statutes 2018 327B.04

Real estate education, research and recovery fund lawsuits, false or untrue statements, Minn. Statutes 2018 82.86

Requiring particular lender, attorney or other professional, Minn. Statutes 2018 82.66

Securities sales outside scope of license, Minn. Statutes 2018 82.81

Self-serving provisions, Minn. Statutes 2018 82.81