Minnesota License Law
A Minnesota real estate broker employs 8 salespersons. The broker is responsible for:
AOnly their personal transactions
BSupervising all salespersons' activities and compliance with Chapter 82✓ Correct
CPaying all salespersons as W-2 employees regardless of their agreement
DOnly transactions over $200,000
Explanation
Minnesota law requires brokers to supervise all salespersons working under their license. This supervisory responsibility cannot be delegated entirely. Brokers are responsible for their salespersons' compliance with Chapter 82 and Department of Commerce rules. This is why maintaining proper supervision systems, training, and oversight is critical for all Minnesota real estate brokers.
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