Minnesota Statutes Real Estate Sales Regulations (Ch. 82-83 ... 2025

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  2. Begin by reviewing the agency relationships outlined in the document. Familiarize yourself with terms such as Seller's Broker, Buyer's Broker, and Dual Agency.
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561.02 MALICIOUSLY MAINTAINED STRUCTURE. Any fence, or any other structure, maliciously ed or maintained for the purpose of annoying the owners or occupants of adjoining property shall be deemed a private nuisance.
82.69 ADVERTISING REQUIREMENTS. (a) Any advertising by a licensee must clearly and conspicuously display the real estate brokerage name. (2) the real estate brokerage name must be clearly and conspicuously displayed in the advertising.
Apart from stating features and important aspects of the property, the seller must disclose the latent material defects of the house to the prospective buyer. The seller is required to deliver the Minnesota Real Estate Form to the buyer prior to the contractual binding between the Parties.
A broker, salesperson, or closing agent shall deposit only trust funds in a trust account and shall not commingle personal funds or other funds in a trust account, except that a broker, salesperson, or closing agent may deposit and maintain a sum in a trust account from personal funds, which sum shall be specifically
Primary broker means the broker on whose behalf salespersons are licensed to act pursuant to section 82.63, subdivision 4. In the case of a corporation licensed as a broker, primary broker means each officer of the corporation who is individually licensed to act as broker for the corporation.

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(a) A licensee shall disclose to a prospective purchaser all material facts of which the licensee is aware, which could adversely and significantly affect an ordinary purchasers use or enjoyment of the property, or any intended use of the property of which the licensee is aware.
No action or proceeding to foreclose a real estate mortgage, whether by action or advertisement or otherwise, shall be maintained unless commenced within 15 years from the maturity of the whole of the debt secured by the mortgage, and this limitation shall not be extended by the nonresidence of any plaintiff or

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