It all starts with the real estate broker. Agents are unable to operate without affiliating themselves with a broker. Association membership flows through the real estate broker. Agents can only be part of the REALTOR® organization if they are affiliated with a broker who is part of the REALTOR® Association. Some licensees dislike that element of the business. Many think because they are independent contractors, that they are “free agents” and are able to do what they want, when they want, and how they want. This is false.
In Minnesota, real estate licensees cannot function without a real estate broker. Although the tax classification of being an independent contractor gives agents some operational autonomy, it is important that both the broker and agent have a clear understanding of the relationship and what is expected from each.
Minnesota state law establishes the framework under which the broker exists. If you’re not familiar with state law you can link to it here. Its not the most exciting reading, but it does provide you with an understanding of the what, where, why, and when of Minnesota real estate.
You can also access the MN REALTORS® Desktop Reference Guide. Annually reviewed and updated, this comprehensive reference guide answers your basic real estate questions, provides links to state and federal laws, and provides context to regulations, rules, and state statutes.
Your MN REALTOR® Association has been focused on providing brokers with educational opportunities to help them better manage their operations. We’ve decided to stray from the “must be CE model” and provide training on issues that will help you grow and sustain your business. In the near future, we’ll be offering a web based opportunity for brokers in Greater MN. Time is a valuable commodity and we understand the challenges brokers face when programs are offered only in the metro.
Increasing professionalism in the real estate industry begins with the broker. Your MN REALTORS® are working to provide brokers with the tools they need to build a successful brokerage.
Chief Executive Officer
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The Minnesota 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.