Minnesota: buyer-agreement requirements.

This page lists what Minnesota requires, at the state level, before a licensee represents a buyer: who regulates real-estate licensees, whether a written buyer agreement is required by state law or rule, the statute or rule that says so, and whether the state mandates an agency-disclosure form or publishes an approved agreement form.

It is built for broker-owners and transaction coordinators who need the state rule in one place before setting office policy. Read it alongside your brokerage's own forms and your broker of record's guidance — the written-agreement question became a national practice issue in 2024, but the rule that binds you is your state's, and it is the state rule this page cites.

Minnesota, field by field.

Regulating authority

Minnesota Department of Commerce

Written agreement required by state law

Yes

Statute or rule

Minn. Stat. § 82.66 (listing agreements and buyer's broker agreements) and Minn. Stat. § 82.67 (agency disclosure). Read at revisor.mn.gov.

Agency disclosure form

Yes — the form's wording is statutory. § 82.67 requires the agency disclosure at the first substantive contact with the consumer in residential transactions. The statutory form tells the consumer: 'If you desire representation, you must enter into a written contract according to state law (a listing contract or a buyer representation contract).' The disclosure is informational only and is expressly not itself a contract.

State-approved form available

Yes — mandatory use

Notes. § 82.66 requires buyer's broker agreements to be in writing, and lists what they must contain: a definite expiration date; the amount of compensation or the method of calculating it; a clear description of the services and of the events that trigger compensation; cancellation terms; override-clause terms including the 72-hour protective list requirement; a compensation notice in ten-point boldface type; a dual agency disclosure; and, for residential property, notice that the buyer is not obliged to pay if another valid agreement obliges payment. Until a written agreement is signed, the consumer is a customer and no fiduciary duties attach.