Real Estate Agent Permit Requirements in Minneapolis, MN

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.

   Official government source

   Free·Immediate (online application)

   Free

   Immediate (online application)

1. Minnesota Department of Commerce - Real Estate Salesperson License

   Minnesota requires real estate salesperson applicants to complete 90 hours of prelicensing education from an approved provider (Courses I, II and III), pass the Minnesota salesperson examination, and apply to the Department of Commerce. A salesperson must be licensed under and work for a licensed Minnesota broker. Licences renew annually and carry continuing education requirements. Note that mn.gov licensing pages sit behind a bot filter and may not open for every visitor.

   Official government source

   Minn. Stat. 82.57 subd. 1: $70 for the initial salesperson licence and $40 for each renewal, plus a technology surcharge of up to $40. Prelicensing course tuition and the examination fee are charged separately by the approved education provider and the state's testing vendor.·Allow several weeks to complete 90 hours of prelicensing education, sit the examination and have the application processed

   Minn. Stat. 82.57 subd. 1: $70 for the initial salesperson licence and $40 for each renewal, plus a technology surcharge of up to $40. Prelicensing course tuition and the examination fee are charged separately by the approved education provider and the state's testing vendor.

   Allow several weeks to complete 90 hours of prelicensing education, sit the examination and have the application processed

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.

   Official government source

   $300–$800/year·1–5 business days

   $300–$800/year

   1–5 business days

1. City of Minneapolis — No Additional Local License Required for Agents

   Real estate salespersons working in Minneapolis are licensed at the state level by the Minnesota Department of Commerce. Real estate is not one of the business categories the City of Minneapolis licenses, so no additional Minneapolis city license, registration or fee applies to an individual salesperson.

   Official government source

   $0 — Minneapolis charges no local license fee for real estate salespersons·Not applicable — no city application is filed

   $0 — Minneapolis charges no local license fee for real estate salespersons

   Not applicable — no city application is filed

Official Sources

• Minnesota Department of Commerce — Real Estate
• Minnesota Department of Commerce — Real Estate

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