Minnesota License Law
Under MN Statutes Chapter 82, an inactive Minnesota real estate license means the licensee:
AMay still negotiate transactions for compensation
BMay not perform licensed activities until the license is reactivated✓ Correct
CHas permanently surrendered their license
DIs exempt from continuing education requirements
Explanation
An inactive license in Minnesota means the licensee cannot perform any licensed real estate activities for compensation. They must reactivate through the Department of Commerce before conducting any real estate business.
Related Minnesota Minnesota License Law Questions
- A licensee in Minnesota who receives a referral fee from a mortgage company for sending clients must:
- Under Minnesota law, a real estate licensee must maintain errors and omissions (E&O) insurance as a condition of:
- In Minnesota, which person is NOT required to hold a real estate license?
- Minnesota real estate licenses must be renewed every:
- Minnesota requires licensees to complete how many hours of continuing education per 2-year renewal period?
- Under Minnesota law, a real estate licensee convicted of a felony must:
- A Minnesota real estate agent uses information obtained in their agency role to make a personal investment in a property their client wants to buy. This action is:
- A Minnesota real estate licensee who is also a licensed mortgage loan originator must disclose this dual role to clients because:
Practice More Minnesota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Minnesota Quiz →