Minnesota License Law
A Minnesota broker discovers one of their salespersons has been misrepresenting property values to buyers. The broker's legal obligations include:
ACovering for the salesperson to protect the brokerage's reputation
BTaking immediate corrective action, potentially reporting to the Department of Commerce, and cooperating with any investigation✓ Correct
CWaiting for a formal complaint before taking any action
DSimply terminating the salesperson without any further action
Explanation
When a Minnesota broker discovers a salesperson is engaging in illegal or unethical conduct, the broker has a legal and ethical obligation to take immediate corrective action. This may include terminating the salesperson, reporting the conduct to the Department of Commerce, and cooperating with any investigation.
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