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In this case there is no doubt that Landform is trying to effect a sale of the COR property so that it will realize the anticipated compensation. The Courts have been firm that the key word in the licensure statute is "negotiate." Bridgeplace Associates, LLC v. Henry J. Lazniarz, Mn, Ct. Appeals (2005). There are exemptions in the statute for certain professions. For instance, a real estate developer might be exempt under the following provision: The term real estate broker does not include...any person who acquires real estate for the purpose of engaging in and does engage in or who is engaged in the business of constructing residential, commercial or industrial buildings for the purpose of resale if no more than 25 such transactions occur in an 12 month period and the person complies with Section §82.75." Minn. Stat. §82.56 (i). The courts have held that, even if a developer has bought, built and resold less than 25 parcels in a year, it is still not exempt unless if has maintained a trust account in compliance with Minn. Stat, §82.75. Bridgeplace Associates, LLC v. Henry K Lazniarz, MN. Ct. App. (2005; Douglas v. Shuette, 607 N.W.2d 142, 147 (Minn. App. 2000) It is problematic whether Landform is a developer. It does not appear it has ever acquired, built and then resold property. Rather, in reviewing the dates of formation of Landform Engineering Company, Inc. and Landform Professional Services, LLC, it appears that its employees were employees solely by Landform Engineering Company, Inc., until it landed the Ramsey HRA contract in 2009, at which point they formed Landform Professional Services, LLC. Regardless of the name of the company, it does 7