Minnesota § 83.25 LICENSE

Minnesota Statutes

§ 83.25 — LICENSE

Minnesota § 83.25

PartREAL ESTATE SALES REGULATIONS

Ch. 83SUBDIVIDED LANDS

This text of Minnesota § 83.25 (LICENSE) 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. § 83.25 (2026).

Text

Subdivision 1.Requirement. No person shall offer or sell in this state any interest in subdivided lands without having obtained:

(1)a license under chapter 82; and

(2)MS 2002 [Expired, 2001 c 208 s 20] Subd. 2.Application of other licensing provisions. Every license issued pursuant to this section must be renewed, transferred, suspended, revoked or denied in the same manner as provided in chapter 82 for licenses issued pursuant to that chapter. Subd. 3.Nonapplication. This section does not apply to persons offering or disposing of interests in subdivided lands which are registered as securities pursuant to chapter 80A. Subd. 4.Limited broker licensee. An individual acting on behalf of a limited broker licensee issued a license under section82.63, subdivision 13, is not required to be

Free access — add to your briefcase to read the full text and ask questions with AI

Subdivision 1.Requirement.
No person shall offer or sell in this state any interest in subdivided lands without having obtained:
(1) a license under chapter 82; and
(2) MS 2002 [Expired, 2001 c 208 s 20]

Subd. 2.Application of other licensing provisions.
Every license issued pursuant to this section must be renewed, transferred, suspended, revoked or denied in the same manner as provided in chapter 82 for licenses issued pursuant to that chapter.

Subd. 3.Nonapplication.
This section does not apply to persons offering or disposing of interests in subdivided lands which are registered as securities pursuant to chapter 80A.

Subd. 4.Limited broker licensee.
An individual acting on behalf of a limited broker licensee issued a license under section82.63, subdivision 13, is not required to be an officer of a corporation or a partner of a partnership if:
(1) the individual is solely engaged in the business of selling a timeshare interest as defined in section83.20, subdivision 13;
(2) the individual is adequately supervised by the limited broker licensee; and
(3) the limited broker licensee maintains a roster of individuals selling a timeshare interest including the date the individual started selling. This roster must be made available to the commissioner upon demand within three days of the request.