Question

Which of the following situations allows the sale of subdivided lands in Minnesota without a real estate license?

A) Selling less than 5 parcels in a calendar year.
B) Selling parcels that are larger than 20 acres each.
C) Selling parcels to family members or heirs.
D) Selling parcels through a licensed real estate agent.

Answer 1

In Minnesota, the sale of subdivided lands can be done without a real estate license in certain situations, such as selling less than 5 parcels in a calendar year, selling parcels larger than 20 acres, or selling to family members or heirs.

Step-by-step explanation:

In Minnesota, the sale of subdivided lands typically requires a real estate license. However, there are certain situations where a real estate license may not be necessary. One of these situations is when selling less than 5 parcels in a calendar year. Another situation is when selling parcels that are larger than 20 acres each. Finally, selling parcels to family members or heirs also does not require a real estate license.

For example, if someone owns a farm and decides to divide it into smaller parcels for sale, they can do so without a real estate license as long as they meet one of the above criteria.