What must each place of business be under if a broker maintains more than one place of business?

Prepare for the Minnesota Real Estate Salesperson Exam. Engage with flashcards and multiple choice questions, each with hints and explanations. Ace your exam!

In Minnesota real estate practice, if a broker maintains more than one place of business, each location must be under the direction of a licensed individual broker. This requirement ensures that every office operates within legal and ethical standards, maintaining consistent oversight and management across multiple locations. Having a licensed broker in charge at each site is crucial as it ensures that all real estate transactions adhere to state laws and regulations, promoting accountability and professionalism in the real estate industry. This structure helps protect the interests of clients and consumers by guaranteeing that an appropriately trained and licensed individual is available to handle the operations and any concerns that might arise from real estate transactions conducted at that location.

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