Minnesota License Law
In Minnesota, which of the following best describes the concept of 'misrepresentation' as it relates to real estate license law?
AAccurate statements about a property that the seller doesn't want disclosed
BMaking false statements or concealing material facts that induce a party to enter into a transaction✓ Correct
CAdvertising that uses exaggerated but clearly puffery-type language
DProviding a property value estimate that turns out to be incorrect
Explanation
Misrepresentation in Minnesota real estate involves making false statements or concealing material facts that induce a party to enter into a transaction they otherwise might not. Fraudulent misrepresentation requires knowledge of falsity and intent to deceive; negligent misrepresentation lacks intent but still causes harm. Both can result in license discipline and civil liability.
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