Minnesota § 82.74 GUARANTEED SALE PROGRAMS

Minnesota Statutes

§ 82.74 — GUARANTEED SALE PROGRAMS

Minnesota § 82.74

PartREAL ESTATE SALES REGULATIONS

Ch. 82REAL ESTATE BROKERS AND SALESPERSONS

This text of Minnesota § 82.74 (GUARANTEED SALE PROGRAMS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 82.74 (2026).

Text

If a broker advertises or offers a guaranteed sale program, or other program whereby the broker undertakes to purchase real property in the event he or she is unable to effectuate a sale to a third party within a specified period of time, a written disclosure that sets forth clearly and completely the general terms and conditions under which the broker agrees to purchase the property and the disposition of any profit at the time of resale by the broker must be provided to the seller prior to the execution of a listing agreement.

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If a broker advertises or offers a guaranteed sale program, or other program whereby the broker undertakes to purchase real property in the event he or she is unable to effectuate a sale to a third party within a specified period of time, a written disclosure that sets forth clearly and completely the general terms and conditions under which the broker agrees to purchase the property and the disposition of any profit at the time of resale by the broker must be provided to the seller prior to the execution of a listing agreement.