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Which of the following actions can a broker in Minnesota legally take?

A. Share their commission with an unlicensed person.
B. Operate without having a designated broker.
C. Fail to provide trust account records to the Minnesota Commissioner of Commerce.
D. Advertise properties without the seller's consent.

User Erickb
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1 Answer

6 votes

Final answer:

None of the actions listed (share their commission with an unlicensed person, operate without a designated broker, fail to provide trust account records to the Minnesota Commissioner of Commerce, advertise properties without the seller's consent) are legally permissible for a broker in Minnesota according to the state's real estate regulations.

Step-by-step explanation:

The question relates to the legal actions that a broker in Minnesota can take. According to Minnesota law, brokers are subject to strict regulations that govern their professional conduct to protect consumers and ensure fair practices in the real estate industry. These actions, A through D, are typically regulated by state law and real estate commission rules.

Brokers in Minnesota cannot legally share their commission with an unlicensed person, as commissions are generally meant to be shared between licensed real estate professionals. This is to ensure that those engaged in real estate transactions are qualified and regulated. For this reason, option A would be illegal.

A designated broker is required to operate a real estate business in Minnesota, as this individual is responsible for supervising agents and ensuring compliance with legal and ethical standards. Thus, option B would also be illegal.

Option C implies a failure to comply with regulatory requirements, as brokers must be able to provide trust account records to the Minnesota Commissioner of Commerce when requested. Therefore, it is illegal for a broker to fail to provide these records.

Last, advertising properties without the owner's consent could constitute a violation of privacy and contractual obligations. Hence, option D is not a legal action either.

In conclusion, none of the actions listed (A through D) are legal for a broker to undertake in Minnesota.

User Dominic Hopton
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