Hennepin Minnesota Jury Instruction — 10.10.5 Real Estate Held Primarily For Sale is a specific instruction that provides guidance to jurors in Hennepin County, Minnesota, regarding the definition and evaluation of real estate held primarily for sale. This instruction is essential in legal proceedings involving real estate transactions and disputes in Hennepin County. Real estate held primarily for sale refers to properties that are intentionally acquired and held by individuals or companies for the purpose of selling them in the ordinary course of business. These properties generally include vacant land, residential homes, commercial buildings, and other real estate assets that are actively marketed for sale. When presented with a case involving real estate held primarily for sale, jurors in Hennepin County must carefully consider the key factors that determine whether a property falls under this category. Some of these factors include: 1. Intention: The primary intention of the owner at the time of acquisition is crucial in determining if the property is held primarily for sale. If the owner's main purpose is to sell the property rather than use it as a long-term investment, it may be considered real estate held primarily for sale. 2. Length of Ownership: The duration of ownership is another factor to consider. Real estate held primarily for sale is typically owned for a shorter period compared to properties held for investment or personal use. A shorter duration of ownership may strengthen the argument that the property is held primarily for sale. 3. Advertising and Marketing: The active marketing and advertising efforts put forth by the owner or real estate agent to attract potential buyers indicate that the property is held primarily for sale. 4. Number of Sales: The frequency and number of sales conducted by the owner is another relevant factor. If the owner regularly sells properties, it supports the claim that the real estate is held primarily for sale. It is important to note that there may be different types of Hennepin Minnesota Jury Instruction — 10.10.5 Real Estate Held Primarily For Sale, each addressing specific aspects or scenarios related to this legal concept. These variations could include instructions for cases involving commercial real estate held primarily for sale, residential real estate held primarily for sale, or vacant land held primarily for sale. Ultimately, Hennepin Minnesota Jury Instruction — 10.10.5 Real Estate Held Primarily For Sale provides jurors with the necessary understanding and criteria to determine whether a property qualifies as real estate held primarily for sale. By considering the intentions, duration of ownership, marketing efforts, and sales history, jurors can make informed decisions in cases involving this complex area of real estate law.