| Item | Value |
|---|---|
| Is an assignment legal here? | yes |
| What the matrix says about it | Assignment of one's own purchase contract is a common-law right and is not itself licensed activity in this state; the constraint is on MARKETING and on DISCLOSURE. |
| Marketing rule the gate enforces | licence_required_above_four_per_12_months |
| What that means in practice | The broker definition covers one who, for another and for consideration, 'lists, sells, exchanges, buys or rents, manages, or offers or attempts to negotiate a sale, option, exchange, purchase or rental of an interest or estate in real estate'. Acting for your OWN account is outside 'for another'. The 5-in-12-months presumption is the binding operational constraint, so F5259 caps Minnesota at FOUR. |
| What triggers a licence requirement | Minn. Stat. 82.55 broker definition reaches acts done 'for another and for commission, fee, or other valuable consideration'; the chapter also presumes a person engaging in FIVE OR MORE transactions during any 12-month period is engaged in the real estate business unless represented by a licensed broker. |
| Written seller disclosure required? | yes |
| Basis for the disclosure | Contract term + state UDAP/consumer-protection statute. |
| Statutory wording required? | no |
| F5259 bucket | GO_WITH_CONDITIONS |
| Condition the gate enforces | Hard cap of FOUR assignments per rolling 12 months (one below the statutory presumption threshold). No public marketing of the property itself. |
| Verification status | PRIMARY_STATUTE |
| Attorney review required before first use? | yes |
| Volume cap | 4 assignment(s) per rolling 12 months. Logged in the current window: 0. Remaining: 4. |
| Lead class | Verdict |
|---|---|
| land | GO_WITH_DISCLOSURE_CAPPED_1_PER_YEAR |
| preforeclosure non owner occupied | NO |
| preforeclosure owner occupied | NO |
| probate | GO_WITH_DISCLOSURE_CAPPED_1_PER_YEAR |
| tax delinquent | GO_WITH_DISCLOSURE_CAPPED_1_PER_YEAR |
the whole grid · probate in MN · the disclosure blocks
Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.
Entity: Elite AI Holdings LLC. Site index · Free vs. pro tools · Open data API · Correction / opt-out · Privacy · Terms · Do Not Sell / Privacy Request · Account.
← Elite AI Empire home