Minnesota Continuing Education COURSE
7/1/20 - 6/30/21 Required Module - Minnesota Disclosure Laws (Reactivation)
The Minnesota Department of Commerce provides updated course content for continuing education to cover topics affecting real estate professionals in Minnesota. All real estate brokers and salespersons must complete specific module training courses that cover real estate topics that are significant and of current interest in the real estate market and profession.
This 3.75-hour course reviews disclosure laws with which licensees and sellers must comply, helping licensees guide sellers in meeting their legal disclosure obligations applicable to their transaction.
Per the Minnesota Department of Commerce, completion of this 2020–2021 General Module will also satisfy the one-hour broker module training requirement as required in 82.61(i) for 2020–2021. There will be no separate broker module course for the 2020–2021 module period.
Course highlights include:
- Real estate disclosure requirements per Minnesota statute
- Property disclosures, property types, material facts, and agency law
- Seller disclosure requirements for the “as-is” option versus the waiver option
- Special disclosure items, such as predatory offender, airport zoning, and other special disclosures and how to handle them
- Environmental disclosure issues, such as methamphetamines, pests, asbestos, hazardous waste, mold, soil problems, and wetlands
- Disclosure rules related to valuation exclusions, manufactured homes, and Common Interest Communities
- Interactive activities and scenarios to seal in the new information and frame it in everyday context