Which entity defines the standards of conduct for real estate licensees?

The Commissioner of Commerce is the entity responsible for defining the standards of conduct for real estate licensees in Minnesota. This office oversees the licensing and regulation of real estate professionals, ensuring that they adhere to the necessary ethical guidelines and legal standards. The standards set by the Commissioner are vital for maintaining professionalism and accountability within the real estate industry, which protects both consumers and practitioners.

The local real estate board primarily serves to support members and may establish additional guidelines or codes of ethics, but it does not have the authority to define state conduct standards. The National Association of Realtors focuses on broader industry practices and ethical standards for its members, but it does not govern real estate licensing at the state level. The Department of Labor is generally more concerned with employment matters and workplace regulations rather than the specific conduct of real estate licensees. Therefore, the Commissioner of Commerce plays a critical role in the governance of real estate practices in Minnesota.