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Specific Licensing Rules Apply to List of Home Agents in Minnesota

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By : John Cutts    99 or more times read
The list of home agents and real estate brokers in Minnesota need to follow certain rules in terms of acquiring and keeping their professional licenses. Fortunately for some of them, criminal convictions are not automatic reasons for losing their licenses. However, they are required under state law to immediately report any criminal-related conviction or violation.

Under Minnesota law, any licensed broker or real estate agent convicted of misdemeanor or felony associated with misrepresentation, fraud or funds conversion is required to report these cases to the state's Commerce Department. The same requirements apply to those who are still applying for a license. Traffic violations are not included in the violations that require reporting.

According to a spokesperson from the Minnesota Commerce Department, those who belong to the licensed list of home agents and brokers who got involved in any of these acts are also required to submit a written explanation expounding on how they got into trouble. The department will then determine whether the broker or real property agent will be allowed to keep his or her license.

Officials further added that there are no specific provisions in the state's law dictating which scenarios will result in agents getting their licenses revoked or which will allow them to keep their professional licenses. The issue of stripping agents and brokers of their licenses became a hot issue in the state following the case of a real property agent who has been accused of hitting a client during an altercation.

According to local reports, real property agent Bill Bernier was involved in an argument with a client which culminated in the agent allegedly hitting the client. The agent was also accused of violating a restraining order filed against him by inspection workers from St. Paul who accused Bernier of threatening them.

The incident reportedly happened five years ago and since then, Bernier was able to keep his professional license. However, the agent eventually lost his license in April of this year after he reportedly failed to provide proper documents to several home buyers and the state's Department of Commerce. The case has reportedly resulted in questions regarding specific licensing rules as they apply to the state's list of home agents and brokers.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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