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Practice Of Real EstateLicense_lawMEDIUM

A Minnesota real estate salesperson's license is set to expire. Under Minnesota license law, what is the consequence if the salesperson continues to perform real estate activities after the license expiration date without renewing?

Correct Answer

B) The salesperson is practicing real estate without a license and is subject to disciplinary action and civil penalties

Under Minn. Stat. Ch. 82, performing real estate activities after a license has expired constitutes unlicensed practice. The salesperson is subject to disciplinary action by the MN DOC, including civil penalties, and may be prohibited from receiving any compensation earned during the period of unlicensed activity.

Answer Options
A
The salesperson may continue working for 30 days under a grace period before penalties apply
B
The salesperson is practicing real estate without a license and is subject to disciplinary action and civil penalties
C
The salesperson's supervising broker assumes full liability, and the salesperson faces no personal penalty
D
The salesperson's license automatically renews for 90 days pending submission of the renewal application

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Related Topics & Key Terms

Key Terms:

license_expirationunlicensed_practicedisciplinary_actionchapter_82renewal
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