Karen completed an online continuing education course offered by a provider based in Wisconsin. The course covered fair housing, agency law, and contract law. Karen wants to apply these 30 hours toward her Minnesota real estate salesperson renewal. Under Minnesota Department of Commerce rules, which of the following is the most accurate statement about whether Karen can use these hours?
Correct Answer
A) Karen may use these hours only if the Wisconsin provider is also approved by the Minnesota Department of Commerce to offer CE to Minnesota licensees.
Under Minnesota Department of Commerce rules, continuing education hours must be completed through providers approved by the Minnesota DOC. A provider's physical location in another state does not automatically disqualify the course, but the provider must be specifically approved by the Minnesota DOC to offer CE credit to Minnesota real estate licensees. If the Wisconsin provider is DOC-approved, Karen's hours count. If not, they do not count regardless of the course content.
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Related Topics & Key Terms
Key Terms:
Related Concepts
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
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