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.
2004 c 203 art 2 s 54,61
Structure Minnesota Statutes
Chapters 82 - 83 — Real Estate Sales Regulations
Chapter 82 — Real Estate Brokers And Salespersons
Section 82.58 — Licensing: Application.
Section 82.59 — Licensing; Examinations And Instruction.
Section 82.60 — Education; Course Curriculum.
Section 82.61 — Licensing: Continuing Education And Instruction.
Section 82.62 — Licensing: Renewal.
Section 82.63 — Licensing; Other Requirements.
Section 82.641 — Real Estate Closing Agent Licensing.
Section 82.65 — Notice To Commissioner.
Section 82.67 — Agency Disclosure Requirements.
Section 82.68 — Other Disclosure Requirements.
Section 82.69 — Advertising Requirements.
Section 82.73 — Standards Of Conduct.
Section 82.735 — Broker Price Opinion; Requirements; Duties Of Licensee; Regulations.
Section 82.74 — Guaranteed Sale Programs.
Section 82.75 — Trust Account Requirements.
Section 82.77 — Table Funding.
Section 82.78 — Rental Services.
Section 82.80 — Unclaimed Property Act Compliance.
Section 82.82 — Denial, Suspension And Revocation Of Licenses.
Section 82.84 — Publication Of Information.
Section 82.85 — Civil Actions.
Section 82.86 — Real Estate Education, Research And Recovery Fund.
Section 82.87 — Computation Of Time.