Minnesota License Law
What is the maximum fine the Minnesota Department of Commerce can impose on a licensee for a single violation of MN Chapter 82?
A$1,000
B$5,000
C$10,000✓ Correct
D$25,000
Explanation
The Minnesota Department of Commerce may impose civil penalties up to $10,000 per violation against licensed real estate professionals for violations of Chapter 82 or Department rules. This fine is in addition to other sanctions such as license suspension, revocation, or required restitution.
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