Minnesota Fair Housing, Agency Law, & Legal Update

This course is part of the total 15 hours required for license renewal for brokers and salespersons  The module will provide real estate licensees with knowledge of Agency relationships and duties in Minnesota. Information will also be shared on RESPA, marketing services agreements and the new loan estimate form. Common Interest Ownership properties statutes will be covered, highlighting different types of properties, disclosure obligations, and rights. Finally, fair housing laws and resources for first-time buyers will be covered.

This course also satisfies the one-hour broker-module training requirement as well as the state-required one hour of Fair Housing and one hour of Agency Law. And, once you finish, you’ll be that much closer to renewing your license, all at your own pace

Learning Objectives: Real estate salespersons and brokers who take this course will: 

• Review agency relationship options 
• Learn fiduciary duties to clients and customers as required in Minnesota 
• Receive an update on RESPA rules and how RESPA applies to marketing services agreements 
• Receive an update on the requirements under the new RESPA-TILA Integrated Disclosure form  
• Review the Uniform Condominium Act and the Minnesota Common Interest Ownership Act, the different types of properties covered, disclosure obligations and other rights 
• Learn about Fair Housing Laws, their history and protected classes 
• Learn about prohibited actions under fair housing laws 
• Receive resources for working with first-time buyers and struggling homeowners