What is the purpose of the Minnesota Consumer Fraud Act?

The purpose of the Minnesota Consumer Fraud Act is to protect consumers from false advertising and deceptive business practices. This law aims to ensure that consumers are not misled by businesses and that they can make informed purchasing decisions based on accurate information. The Act provides consumers with legal remedies against those who engage in unfair or deceptive acts or practices in the marketplace. It encompasses a wide range of issues related to advertising, marketing, and sales, helping to maintain a fair and transparent marketplace.

The other options do not align with the primary focus of the Consumer Fraud Act. Regulating housing prices pertains more to housing policy and market regulation, while establishing guidelines for real estate commissions and overseeing commercial property leasing involve specific sectors within real estate and do not address the broader consumer protection intended by the Consumer Fraud Act.