Some misplaced cross references in law significantly changed which entities would be exempted from licensure as a real estate broker when acting as a closing agent.
A new law, effective May 2, 2012, reinstates previous law. It exempts licensed attorneys and their direct employees from being licensed by the Department of Commerce as a real estate closing agent in order to handle real estate closings.
The law is sponsored by Rep. Pat Mazorol (R-Bloomington) and Sen. Scott Newman (R-Hutchinson).
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Figures and statistics on philanthropy in Minnesota
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