2009 Minnesota Statutes

82.19 COMPENSATION.

Subdivision 1.

MS 2002 [Renumbered 82.41, subdivision 1]

Subdivision 1.Licensee to receive only from broker.

A licensee shall not accept a commission compensation or other valuable consideration for the performance of any acts requiring a real estate license from any person except the real estate broker to whom the licensee is licensed or to whom the licensee was licensed at the time of the transaction.

Subd. 2.

MS 2002 [Renumbered 82.41, subd 2]

Subd. 2.Undisclosed compensation.

A licensee shall not accept, give, or charge any undisclosed compensation or realize any direct or indirect remuneration that inures to the benefit of the licensee on an expenditure made for a principal.

Subd. 3.

MS 2002 [Renumbered 82.41, subd 3]

Subd. 3.Limitation on broker when transaction not completed.

When the owner fails or is unable to consummate a real estate transaction, through no fault of the purchaser, the listing broker may not claim any portion of any trust funds deposited with the broker by the purchaser, absent a separate agreement with the purchaser.

Subd. 4.

[Renumbered 82.41, subd 4]

Subd. 4a.

[Renumbered 82.41, subd 5]

Subd. 5.

[Renumbered 82.41, subd 6]

Subd. 6.

[Renumbered 82.41, subd 7]

Subd. 7.

[Renumbered 82.41, subd 8]

Subd. 8.

[Renumbered 82.41, subd 9]

Subd. 9.

MS 1993 Supp [Repealed, 1994 c 587 art 5 s 31]

Subd. 9.

MS 2002 [Renumbered 82.41, subd 10]

History:

2004 c 203 art 2 s 19,61