Real Estate Agent Permit Requirements in Minneapolis, MN

Complete permit and license guide for starting a real estate agent in Minneapolis, Hennepin County, Minnesota.

$500 -- $1300 4–14 weeks to obtain license and begin practice 4 requirements

Not legal advice. Requirements may change — always verify with your local government authority before applying. Last verified: .

Minneapolis / Hennepin County Requirements

1 requirement
1

City of Minneapolis — No Additional Local License Required for Agents

Real estate salespersons in Minneapolis are licensed at the state level through the Minnesota Department of Commerce. No additional Minneapolis city-specific license is required for individual salespersons.

No additional fee for individual agentsN/A
Official government source

Minnesota State Requirements

2 requirements
1

Minnesota Department of Commerce — Salesperson License

Minnesota requires real estate salesperson applicants to complete 90 hours of pre-licensing education from an approved provider, pass the Minnesota Real Estate Salesperson Exam (administered by PSI), and apply to the Minnesota Department of Commerce. Must work under a licensed Minnesota broker.

$65 (exam fee) + $60 (license fee) + $300–$600 (pre-licensing education)4–12 weeks
Official government source
2

Errors & Omissions (E&O) Insurance

Most real estate brokerages require agents to carry Errors & Omissions (E&O) insurance, which protects against claims of negligent acts or omissions in real estate transactions. Some states mandate it; most brokerages require it. Coverage typically starts at $100,000 per occurrence.

$300–$800/year1–5 business days
Official government source

Federal Requirements

1 requirement
1

EIN (Employer Identification Number)

Required if you operate as an LLC, corporation, or have employees. Free from the IRS. Even sole proprietors may benefit from obtaining an EIN to keep business and personal finances separate.

FreeImmediate (online application)
Official government source

Official Sources

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