Minnesota License Law
A Minnesota salesperson wants to change brokers. What must they do to make this change legally effective?
ASimply begin working for the new broker immediately
BNotify the old broker and submit a transfer application to the Department of Commerce✓ Correct
CWait for their license renewal date to change brokers
DObtain the old broker's written permission to transfer
Explanation
In Minnesota, changing brokers requires a license transfer application to the Department of Commerce. The salesperson must notify the old broker and apply for the license to be transferred to the new broker. Working for a new broker before the transfer is approved could constitute unlicensed activity. The transfer process ensures proper supervision throughout.
Related Minnesota Minnesota License Law Questions
- A consumer files a complaint against a Minnesota real estate licensee for misrepresentation. After investigation, the Department of Commerce may take which action?
- Under MN Chapter 82, a Minnesota real estate salesperson may NOT:
- In Minnesota, which of the following constitutes 'unlicensed practice' of real estate?
- A Minnesota real estate licensee who acts as a property manager for 25 units or more must comply with the:
- Under Minnesota law, a broker is required to deposit earnest money into a trust account within:
- Under MN Statutes Chapter 82, an inactive Minnesota real estate license means the licensee:
- Which of the following activities does NOT require a Minnesota real estate license?
- Under Minnesota law, a salesperson may collect compensation for a real estate transaction:
Practice More Minnesota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Minnesota Quiz →