Minnesota License Law
In Minnesota, which of the following constitutes 'unlicensed practice' of real estate?
AA licensed agent helping a friend find a home without expecting compensation
BAn unlicensed person negotiating a real estate transaction for compensation✓ Correct
CA property owner selling their own home without a broker
DAn attorney advising a client on a real estate purchase
Explanation
Unlicensed practice of real estate in Minnesota includes negotiating real estate transactions (showing properties, negotiating offers, managing rental properties) for compensation without a license. Selling your own property, and attorneys acting in their professional capacity, are generally exempt.
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