Minnesota License Law
Under Minnesota law, a real estate licensee must maintain errors and omissions (E&O) insurance as a condition of:
AInitial licensing only
BActive license status✓ Correct
CBroker supervision only
DCommercial transactions only
Explanation
Minnesota requires all active real estate licensees to maintain errors and omissions (E&O) insurance as a condition of holding an active license, protecting consumers from negligent acts.
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