Minnesota License Law
Under MN Chapter 82, a licensee who wishes to practice real estate in both Minnesota and Wisconsin must:
AUse only their Minnesota license in both states
BObtain a separate Wisconsin license or use any applicable reciprocity agreement✓ Correct
CRegister with the National Association of Realtors for multi-state practice
DApply to the Federal Real Estate Board for interstate practice authorization
Explanation
To practice real estate in Wisconsin, a Minnesota licensee must either obtain a Wisconsin real estate license or take advantage of any reciprocity or endorsement agreement between the states. As of recent years, Minnesota and Wisconsin have had reciprocal licensing agreements, simplifying the process.
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Key Terms to Know
Variance
Official permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
State-Specific Concepts
License Law
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