Minnesota License Law
In Minnesota, which of the following persons does NOT need a real estate license?
AA person who lists homes for sale for compensation
BA court-appointed trustee selling property in a bankruptcy proceeding✓ Correct
CA person who earns referral fees for sending clients to agents
DA property manager who rents apartments for a third-party owner for compensation
Explanation
Court-appointed trustees, receivers, and personal representatives acting in their official capacity in proceedings such as bankruptcy or probate are exempt from real estate licensing requirements in Minnesota. They are not acting as agents but as court officers.
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