Minnesota License Law
Under MN Statutes Chapter 82, which activity requires a real estate license in Minnesota?
AManaging your own rental property
BSelling your own home without an agent
CNegotiating a lease on behalf of another person for compensation✓ Correct
DAppraising property for personal use
Explanation
Negotiating a lease on behalf of another person for compensation requires a Minnesota real estate license under Chapter 82. Acting for others for compensation in real estate transactions is the hallmark of licensed activity. Managing your own property or selling your own home are exempt activities.
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