Agency Law: Q: When should the Agency Relationships in Real Estate Transactions form be presented to the parties?

A: Under Minnesota law, a form entitled Agency Relationships in Real Estate Transactions must be presented at first substantive contact to a buyer/tenant or seller/landlord in any real estate transaction. If there is to be any agency representation, there must be a written contract with all elements required by statute for the particular agreement. The Minnesota Association of REALTORS® modified the Agency Relationships in Real Estate Transactions form the fall of 2010 to include transactions dealing with leasing.

For more common real estate questions and answers visit the Desktop Reference Guide!

The Minnesota Association of REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.

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