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Under Minnesota law, how many hours of continuing education must a licensed real estate salesperson complete during each two-year license renewal period?

Correct Answer

A) 30 hours

Under Minn. Stat. Ch. 82 and Minnesota Department of Commerce rules, licensed real estate salespersons must complete 30 hours of approved continuing education during each two-year renewal cycle. This includes required topics such as fair housing, agency, and ethics, plus elective hours to reach the 30-hour total.

Answer Options
A
30 hours
B
45 hours
C
90 hours
D
15 hours

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Related Topics & Key Terms

Key Terms:

continuing_educationlicense_renewalsalespersonmn_doc

Related Concepts

Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.

Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.

Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.

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