Minnesota License Law
Under Minnesota Chapter 82, which of the following people is EXEMPT from requiring a real estate license?
AA property manager managing properties for multiple owners for compensation
BAn attorney who regularly closes real estate transactions
CAn executor of an estate selling the deceased's property as required by the estate✓ Correct
DA corporation's employee who sells the company's real estate holdings
Explanation
An executor selling estate property in their official capacity as executor is exempt from needing a real estate license in Minnesota, as they are acting under legal authority (not as a licensee) to administer the estate. Other exemptions include attorneys acting in their professional capacity. Regular employees of corporations selling company real estate may have different treatment depending on circumstances.
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