Minnesota License Law
A Minnesota real estate licensee wants to expand their business by managing short-term vacation rentals (Airbnb/VRBO) for multiple homeowners. Which licenses would they need?
AOnly a real estate sales license
BA real estate broker's license for property management activities✓ Correct
CA hotel/motel license from the state
DNo license is required since it is hospitality, not real estate
Explanation
Managing vacation rentals for others for compensation is property management, which requires a real estate broker's license in Minnesota. Additionally, the properties may need city rental licenses and may be subject to short-term rental ordinances that many Minnesota cities have adopted.
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