Minnesota License Law
A Minnesota licensee's broker license expires but the broker continues operating for 30 days without renewing. What is the consequence?
AA warning letter is issued
BAll transactions during that period are void
CThe broker may be subject to disciplinary action and fines✓ Correct
DThe broker's salesperson licenses automatically lapse
Explanation
Operating with an expired license in Minnesota subjects a broker to disciplinary action by the Department of Commerce, including fines and potential license revocation. Transactions themselves are not automatically voided, but the unlicensed activity creates significant liability.
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