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Despite mortgage schemes, real estate agents keep license

"Despite Minnesota’s crackdown on 'deceptive and dishonest' loan modification schemes, the state Commerce Department has allowed many of those involved to retain their real estate licenses a Star Tribune report has found."

"Since 2010, the department has taken enforcement action against 36 individuals for violating mortgage modification laws. Ten of them held some kind of license with the department that enabled them to engage in real estate activity. Five of them still have those licenses, including two of the former owners of a company handed a record $1 million for “scamming” 200 desperate homeowners."

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