Revisor.mn.gov [2021]

Sec. 82.641 MN Statutes

82.641 REAL ESTATE CLOSING AGENT LICENSING. Subdivision 1. License required. Except as otherwise provided in subdivision 6, a person shall not act as a real estate closing agent unless licensed as provided in this section. The commissioner shall issue a license as a closing agent to a person who qualifies for the license under the terms of this

Actived: 7 days ago

URL: https://www.revisor.mn.gov/statutes/cite/82.641

Sec. 82.59 MN Statutes

(6 days ago) (3) is a public officer whose official duties involve real estate law or real estate transactions. (c) The commissioner shall grant a waiver of the real estate licensing experience requirement for the broker's examination to a qualified individual whose license lapsed or …

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Sec. 82.67 MN Statutes

(6 days ago) A real estate broker or salesperson shall provide to a consumer in the sale and purchase of a residential real property transaction at the first substantive contact with the consumer an agency disclosure form in substantially the form set forth in subdivision 3. The agency disclosure form shall be intended to provide a description of available

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Sec. 48.21 MN Statutes

(6 days ago) Subd. 3. Real estate holdings not sold; authority to write off. Notwithstanding any rules of the commissioner to the contrary, if real estate owned by a bank pursuant to subdivision 1, paragraph (a), clauses (2) to (5), is not sold or otherwise disposed of within the maximum period, the bank may write off any remaining balance at a rate not less than one-fifth of that balance each subsequent

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CHAPTER 559 ADVERSE CLAIMS TO REAL ESTATE

(9 days ago) real estate described in the complaint herein." The plaintiff shall, before the commencement of such publication, file with the county recorder a notice of the pendency of the action. All such unknown persons so served shall have the same rights to appear and defend before and

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Sec. 82.66 MN Statutes

(1 days ago) Real Estate Company Name. By:. Buyer: Salesperson: Date: .; and (8) for buyer's broker agreements which involve residential real property, a notice stating that after the expiration of the buyer's broker agreement, the buyer will not be obligated to pay the licensee a fee or commission if the buyer has executed another valid buyer's broker

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CHAPTER 559 ADVERSE CLAIMS TO REAL PROPERTY

(8 days ago) possession of real estate shall be conducted as are other civil actions, and the right to a second trial of such actions is hereby abolished. History: (9562) 1911 c 139 s 1 559.08 EJECTMENT; DAMAGES; IMPROVEMENTS. Damages for withholding the property recovered shall not exceed the fair value of the use of the property,

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Sec. 82.75 MN Statutes

(6 days ago) Subd. 3. Nondepositable items. In the event earnest money or other down payments in a real estate transaction are received by the broker or salesperson in the form of a nondepositable item such as a note, bond, stock certificate, treasury bill, or any other instrument or equity or thing of value received by a broker, salesperson, or closing agent received in lieu of cash shall be deposited

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Sec. 82.68 MN Statutes

(6 days ago) Subd. 2. Financial interests disclosure; licensee. (a) Before the negotiation or consummation of any transaction, a licensee shall affirmatively disclose to the owner of real property that the licensee is a real estate broker or agent salesperson, and in what capacity the licensee is acting, if the licensee directly, or indirectly through a third party, purchases for himself or herself or

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REAL ESTATE SALES REGULATIONS

(Just Now) List of Statute Chapters by Part. Chapters. Title. 82. REAL ESTATE BROKERS AND SALESPERSONS. 82A. MEMBERSHIP CAMPING PRACTICES. 82B. REAL ESTATE APPRAISERS.

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PROPERTY AND PROPERTY INTERESTS

(2 days ago) AGREEMENTS RELATING TO PROPERTY. 514. LIENS AGAINST PROPERTY. 515. MINNESOTA CONDOMINIUM ACT. 515A. UNIFORM CONDOMINIUM ACT. 515B. MINNESOTA COMMON INTEREST OWNERSHIP ACT.

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Sec. 82.70 MN Statutes

(6 days ago) A licensed real estate broker or salesperson may assign or direct that commissions or other compensation earned in connection with a real estate or business opportunity transaction be paid to a corporation, limited liability company, or sole proprietorship of which the licensed real estate broker or salesperson is the sole owner.

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Sec. 541.023 MN Statutes

(8 days ago) 541.023 ACTIONS AFFECTING TITLE TO REAL ESTATE. Subdivision 1. Commencement. As against a claim of title based upon a source of title, which source has then been of record at least 40 years, no action affecting the possession or title of any real estate shall be commenced by a person, partnership, corporation, other legal entity, state, or any

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Sec. 541.02 MN Statutes

(7 days ago) 541.02 RECOVERY OF REAL ESTATE, 15 YEARS. No action for the recovery of real estate or the possession thereof shall be maintained unless it appears that the plaintiff, the plaintiff's ancestor, predecessor, or grantor was seized or possessed of the premises in question within 15 years before the beginning of the action.

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Sec. 82.86 MN Statutes

(6 days ago) Subd. 3. Fee for real estate fund. Each real estate broker, real estate salesperson, and real estate closing agent entitled under this chapter to renew a license shall pay in addition to the appropriate renewal fee a further fee of $20 per licensing period which shall be credited to the real estate education, research, and recovery fund.

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Sec. 273.112 MN Statutes

(8 days ago) Real estate shall be entitled to valuation and tax deferment under this section only if it is: (a) actively and exclusively devoted to golf, skiing, lawn bowling, croquet, polo, or archery or firearms range recreational use or other recreational uses carried on at the establishment; (b) five acres in size or more, except in the case of a lawn

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Sec. 357.182 MN Statutes

(8 days ago) 357.182 COUNTY FEES AND RECORDING STANDARDS FOR RECORDING OF REAL ESTATE DOCUMENTS. Subdivision 1. Application. Unless otherwise specified in this section and notwithstanding any other law to the contrary, effective August 1, 2005, this section applies to each county in Minnesota. Documents presented for recording within 60 days after July 1

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Sec. 515B.2-124 MN Statutes

(1 days ago) (2) In a condominium, or cooperative or planned community using a CIC plat that complies with section 515B.2-110, subsection (c), (i) the CIC plat description relating to the remaining common interest community, and (ii) the part of the underlying legal description of the real estate in the declaration creating the common interest community

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Sec. 559.21 MN Statutes

(7 days ago) Subd. 1c. For contract executed before 5/1/1980. If a default occurs in the conditions of a contract for the conveyance of real estate or an interest in real estate executed after August 1, 1976, and prior to May 1, 1980, that gives the seller a right to terminate it, the seller may terminate the contract by serving upon the purchaser or the purchaser's personal representatives or assigns

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Sec. 82.85 MN Statutes

(6 days ago) Subdivision 1. Compensation actions; proof of license. No person shall bring or maintain any action in the courts of this state for the collection of compensation for the performance of any of the acts for which a license is required under this chapter without alleging and proving that the person was a duly licensed real estate broker, salesperson, or closing agent at the time the alleged

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Sec. 82.78 MN Statutes

(6 days ago) 82.78 RENTAL SERVICES. Subdivision 1. License. A rental service shall obtain a real estate broker's license before engaging in business or holding itself out as being engaged in business. No person shall act as a real estate salesperson on behalf of a rental service without first obtaining a real estate salesperson's license on behalf of the

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Sec. 273.111 MN Statutes

(8 days ago) Subd. 3. Requirements. (a) Real estate consisting of ten acres or more or a nursery or greenhouse, and qualifying for classification as class 2a under section 273.13, shall be entitled to valuation and tax deferment under this section if it is primarily devoted to agricultural use, and either: (1) is the homestead of the owner, or of a surviving spouse, child, or sibling of the owner or is

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Sec. 82.63 MN Statutes

(6 days ago) Subd. 12. Temporary broker's permit. In the event of death, incapacity, or loss of license of a broker, the commissioner may issue a 45-day temporary permit to an individual who has had a minimum of three years actual experience as a licensed real estate salesperson and who is otherwise reasonably qualified to act as a broker.

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Sec. 500.20 MN Statutes

(7 days ago) (6) that were created after July 31, 1959, under which a person who owns or has an interest in real estate against which covenants, conditions, or restrictions have been filed claims a benefit of the covenants, conditions, or restrictions if the person records in the office of the county recorder or files in the office of the registrar of

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Sec. 272.12 MN Statutes

(7 days ago) An assignment of a sheriff's or referee's certificate of sale, when the certificate of sale describes real estate, and certificates of redemption from mortgage or lien foreclosure sales, when the certificate of redemption encompasses real estate and is issued to a junior creditor, are considered instruments conveying land for the purposes of

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Sec. 559.17 MN Statutes

(7 days ago) (ii) residential real estate containing four or fewer dwelling units where at least one of the units is homesteaded. The assignment may be enforced, but only against the nonhomestead portion of the mortgaged property, as follows:

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Sec. 507.45 MN Statutes

(7 days ago) Subd. 4. Choice of closer; notice. (a) No real estate salesperson, broker, attorney, auctioneer, builder, title agent, financial institution, or other person making a mortgage loan may require a person to use any particular licensed attorney, real estate broker, real estate salesperson, or real estate closing agent in connection with a residential real estate closing.

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Sec. 82.56 MN Statutes

(6 days ago) 82.56 EXCEPTIONS. Unless a person is licensed or otherwise required to be licensed under this chapter, the term real estate broker does not include: (a) a licensed practicing attorney if the attorney complies in all respects with the trust account provisions of this chapter; (b) a receiver, trustee, administrator, guardian, executor, or other

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Sec. 82B.073 MN Statutes

(8 days ago) 82B.073 REAL ESTATE APPRAISAL ADVISORY BOARD. §. Subdivision 1. Creation; appointments. (a) The Real Estate Appraisal Advisory Board is created and composed of seven persons appointed by the commissioner. Members are appointed to the board subject to the following conditions: (1) members must currently be, and have been for the past five years

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Sec. 272.115 MN Statutes

(8 days ago) A certificate of real estate value is not required when the transfer is made by an instrument which qualifies as a designated transfer as defined in section 287.20, subdivision 3a, and the instrument indicates on the first page or the signature page that the conveyance is a designated transfer pursuant to section 287.20, subdivision 3a.

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Sec. 515B.2-110 MN Statutes

(1 days ago) If less than all additional real estate is being added, the supplemental CIC plat for a condominium, a planned community whose CIC plat complies with subsection (c), or a cooperative in which the unit owners' interests are characterized as real estate shall also show the location and dimensions of the remaining portion.

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Sec. 82.69 MN Statutes

(1 days ago) 82.69 ADVERTISING REQUIREMENTS. (a) Any advertising by a licensee must clearly and conspicuously display the real estate brokerage name. (b) If a salesperson or broker is part of a team or group within the brokerage, the licensee may include the team or group name in the advertising only under the following conditions: (1) the inclusion of the

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Sec. 82B.195 MN Statutes

(8 days ago) For example, it would be inappropriate for an appraiser to use comparable sales provided by the builder of the subject property or a real estate broker who is handling the sale of the subject property, unless the appraiser verifies the accuracy of the data provided through another source.

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Sec. 287.21 MN Statutes

(7 days ago) 287.21 IMPOSITION OF TAX; DETERMINATION OF TAX. §. Subdivision 1. Determination of tax. (a) A tax is imposed on each deed or instrument by which any real property in this state is granted, assigned, transferred, or otherwise conveyed. The tax applies against the net consideration. For purposes of the tax, the conversion of a corporation to a

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Sec. 518.003 MN Statutes

(8 days ago) Subd. 3b. Marital property; exceptions. "Marital property" means property, real or personal, including vested public or private pension plan benefits or rights, acquired by the parties, or either of them, to a dissolution, legal separation, or annulment proceeding at any time during the existence of the marriage relation between them, or at any time during which the parties were living

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Sec. 48.24 MN Statutes

(6 days ago) Subd. 2. Loan liabilities. Loans not exceeding 25 percent of such capital and surplus made upon first mortgage security on improved real estate in any state in which the bank or a branch established under section 49.411 is located, or in any state adjoining a state in which the bank or a branch established under section 49.411 is located, shall not constitute a liability of the maker of the

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Sec. 82B.19 MN Statutes

(7 days ago) Subd. 2. Rules. (a) The commissioner may adopt rules to assure that persons renewing their licenses as licensed real estate appraisers have current knowledge of real property appraisal theories, practices, and techniques that will provide a high degree of service and protection to those members of the public with whom they deal in a professional relationship under authority of their license.

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Sec. 279.37 MN Statutes

(7 days ago) Subdivision 1. Composition into one item. Delinquent taxes upon any parcel of real estate may be composed into one item or amount by confession of judgment at any time prior to the forfeiture of the parcel of land to the state for taxes, for the aggregate amount of all the taxes, costs, penalties, and interest accrued against the parcel, as provided in this section.

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Sec. 524.5-418 MN Statutes

(Just Now) No real estate shall be sold at private sale for less than its value as fixed by such appraisal. (6) If the bond is insufficient, before confirmation of a sale or lease, or before execution of a mortgage, the conservator shall file an additional bond in such amount as the court may require.

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Sec. 518.191 MN Statutes

(3 days ago) Subd. 2a. Amended summary real estate disposition judgment. (a) On the court's own motion or on application by an interested person, the court shall issue an order authorizing the court administrator to issue an amended summary real estate disposition judgment to correct an erroneous legal description of real estate contained in the judgment and decree of dissolution.

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