How To Get Your Minnesota Real Estate License
Updated: March 4, 2021|
Updated: March 4, 2021|
Getting your Minnesota Real Estate License is the first step to becoming a real estate agent in Minnesota. Nowadays, this process can be done almost entirely online. You’ll still need to take your license exam in person, but the rest of the process can be completed entirely online!
This article outlines the process to get your Minnesota Real Estate License in an easy to understand, step-by-step manner. You’ll learn how much it will cost, how long it will take, what is on the exam, and much more.
Becoming a real estate agent in Minnesota is as simple as getting your license and getting to work selling real estate! As long as you fulfill the below requirements, you are already on your way to your goal.
The requirements to become a real estate agent in Minnesota are:
Minnesota requires that real estate sales agents complete 90 hours of pre-license coursework prior to sitting for their exam.
There are three courses that you must complete before you apply for a real estate salesperson license, known as “Course I,” “Course II,” and “Course III.” Each course consists of 30 hours of instruction.
You must complete Course I before taking the salesperson’s examination. You must complete Course II and Course III before applying for your license.
Most people choose to take their pre-license education course online. The majority of online courses are self-paced and include study materials like real estate practice exams and flashcards. Some also come with a “guarantee” that you will pass the exam on your first attempt if you complete their course. These benefits are all dependent on the education provider and package you choose, so be sure to get the course that best suits your needs.
Remember that the point of these courses isn’t just to check a box and complete a requirement, but rather to prepare you to pass your exam and become a better agent.
For real estate license exam courses and study tools, StateRequirement recommends:
Minnesota is one of the few states that require the final pre-license exam to be supervised by a proctor. This is not the same as the state exam. This test is provided by your pre-license education company and is an indication that you have completed and retained the information from your pre-license education course.
Similar to the state exam, this test is closed-book and closed-note. You are allowed a basic-function calculator and scratch paper, but no cell phones or outside internet access.
In most cases, you can take this test in your own home, but you must have a proctor overseeing you when sitting for the test. When purchasing your real estate pre-license course, check to see if a proctor is included in your education package.
After you’ve completed your pre-license education, it’s now time to take the Minnesota Real Estate Exam.
The fee to take the exam is $63 per attempt.
The Minnesota Real Estate Exam consists of 130 questions. This includes 80 for the General section and 50 for the State section.
You will have 240 minutes (4 hours) to complete the entire exam. The National section time is 150 minutes (2.5 hours), and the State section time is 90 minutes (1.5 hours).
A passing score for the Minnesota Real Estate Salesperson Exam is 60/80 on the National section and 38/50 on the State section.
Immediately after completing your exam, you will receive a scoring document that states whether you passed or failed. If it is marked “Fail,” then you will see a breakdown of your score in the different areas of the exam. If you decide to retake the exam, use this as a guide for your studies.
You can register to take your exam on the Pearson Vue Minnesota Real Estate page. On this page, you will find some other helpful resources as well, including the Candidate Handbook and Content Outline.
Before taking the exam, check out StateRequirement’s guide on how to pass the real estate exam. This in-depth guide works as a great partner to your pre-license course to prepare you to pass on your first attempt!
You cannot become licensed as a real estate salesperson without first being associated with an actively licensed real estate broker.
You must be licensed to act on behalf of a licensed broker. You do not submit your application for a real estate salesperson license; the real estate broker that you become associated with must submit it.
Once the state’s Commerce Department has approved the application, your broker will be able to print out your license and inform you that you are licensed as a Minnesota real estate salesperson.
Your sponsor broker shall log in to Pearson VUE’s Credentials Management System for Certification and Licensing Programs and select Real Estate Board to apply for your license. They should choose “Submit License Application” and “Individual.” The broker will then need to log in using the username and password of the licensed real estate company that the individual will be associated with.
The fee for an initial real estate salesperson license totals $130. This includes $30 each for the real estate education, research, recovery fund, and $30 technology surcharge.
The licensed broker can also use Pulse Portal to check the status of a license application. After the application has been approved, the licensed primary broker can print a copy of the license.
Once you’ve passed your exam, you will only need to wait for your license to be issued. In most cases, this process should take between 3-5 business days. If you have any questions at this point, you should contact MDC at (651) 539-1599 or [email protected].
Be sure to take some time to celebrate your accomplishment. You’ve put in a lot of work and effort and deserve a celebration!
All Minnesota fees: $200
Real Estate Pre-Licensing Education (Estimated): $599-$814
The total estimated cost to get a Minnesota Real Estate license is $800-$1,015.
The two steps that take the most time when getting your license are pre-license education and test preparation. The average amount of time that people take from start to finish is generally 3-6 months.
If you dedicate a full-time schedule to this process and study hard, you could possibly complete this process in 2 months. We wouldn’t recommend trying to go any faster than this. Take your time to study and prepare yourself for the exam.
To sell commercial real estate in Minnesota, a standard Salesperson or Broker license is all that you need. There is no specific “commercial real estate license”.
If you wish to take on a career selling specifically commercial real estate, choose a broker that handles the types of deals that you want to be a part of.
Check out StateRequirement Jobs to find open real estate jobs in your area!
Minnesota Real Estate
85 7th Place E, Suite 280
St. Paul, MN 55101-2198
Phone: (651) 539-1599
Email: [email protected]
Information on this page has been gathered by a multitude of sources and was most recently updated in December 2020.
Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. StateRequirement and its members and affiliates are not responsible for any losses, monetary or otherwise. StateRequirement is not affiliated with any state, government, or licensing body. For more information, please contact your state's authority on insurance.
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