Section 82.83 — Penalty.
82.83 PENALTY. Any person who violates any provision of this chapter, or any rule or order of the commissioner, shall be guilty of a gross misdemeanor. History: 1973 c 410 s 16; 2004 c 203 art 2 s 61
Section 82.84 — Publication Of Information.
82.84 PUBLICATION OF INFORMATION. The commissioner may publish by newspaper, newsletter or otherwise information to assist in the administration of this chapter, or to educate and protect the public regarding fraudulent, deceptive or dishonest practices. The commissioner may also publish materials for the benefit of license applicants. History: 1973 c 410 s 13; 2004 c […]
Section 82.85 — Civil Actions.
82.85 CIVIL ACTIONS. Subdivision 1. Compensation actions; proof of license. No person shall bring or maintain any action in the courts of this state for the collection of compensation for the performance of any of the acts for which a license is required under this chapter without alleging and proving that the person was a […]
Section 82.86 — Real Estate Education, Research And Recovery Fund.
82.86 REAL ESTATE EDUCATION, RESEARCH AND RECOVERY FUND. Subdivision 1. Administration. There is established a “real estate education, research and recovery fund” to be administered by the commissioner of commerce. The commissioner of management and budget shall be the custodian of the fund and shall operate under the direction of the commissioner. Subd. 2. Creation. […]
Section 82.87 — Computation Of Time.
82.87 COMPUTATION OF TIME. Subdivision 1. Days. Where performing or doing any act, duty, matter, payment, or thing is ordered or directed, and the period of time or duration for performing or doing it is prescribed and fixed by law, rule, or order, the time, except as otherwise provided in subdivision 2, is computed so […]
Section 82.88 — Nonresident Service Of Process.
82.88 NONRESIDENT SERVICE OF PROCESS. Subdivision 1. Appointment of agent. Every nonresident, before being licensed as a real estate broker, real estate salesperson, or real estate closing agent shall appoint the commissioner and a successor or successors in office as true and lawful attorney, upon whom may be served all legal process in any action […]
Section 82.89 — Rulemaking Powers.
82.89 RULEMAKING POWERS. The commissioner may promulgate such rules as are reasonably necessary to carry out and make effective the provisions and purposes of this chapter. History: 1973 c 410 s 12; 1985 c 248 s 70; 2004 c 203 art 2 s 61
Section 82.67 — Agency Disclosure Requirements.
82.67 AGENCY DISCLOSURE REQUIREMENTS. Subdivision 1. Agency disclosure. A real estate broker or salesperson shall provide to a consumer in the sale and purchase of a residential real property transaction at the first substantive contact with the consumer an agency disclosure form in substantially the form set forth in subdivision 3. The agency disclosure form […]
Section 82.68 — Other Disclosure Requirements.
82.68 OTHER DISCLOSURE REQUIREMENTS. Subdivision 1. Agent of broker disclosure. A salesperson shall only conduct business under the licensed name of and on behalf of the broker to whom the salesperson is licensed. An individual broker shall only conduct business under the brokerage’s licensed name. A broker licensed to a business entity shall only conduct […]
Section 82.69 — Advertising Requirements.
82.69 ADVERTISING REQUIREMENTS. (a) Any advertising by a licensee must clearly and conspicuously display the real estate brokerage name. (b) If a salesperson or broker is part of a team or group within the brokerage, the licensee may include the team or group name in the advertising only under the following conditions: (1) the inclusion […]