How to get your real estate license in Minnesota
For opportunities in real estate, Minnesota is on the rise. In the Twin Cities especially, there are plenty of ways that real estate agents with the right stuff can cash in. If you’re looking for a career change and have always thought that you might be able to make it as a real estate agent in Minnesota, there’s no better time than now.
Here’s what you’ll have to do:
1. Classes
The first thing you’re going to have to do if you want to get your real estate license in Minnesota is to take some classes.
The state requires you to take a 30-hour class that prepares you for the real estate exam. After you’ve taken the exam, there are any additional two courses of 30 hours each. So, there are 90 hours of required course work, split into three 30-hour modules known as Course 1, 2 and 3. Most schools offer classroom and online options. Typically most schools charge around $300 for each course. Online, it’s possible to find the entire 90 courses of classes for around $229. So, if you’ve got a good Wi-Fi connection and a laptop (and you better if you want to do this kind of work), going online is pretty much a no-brainer.
2. Exam
Once you completed your coursework, it’s time to sit for the licensing exam. It will cost $75 to register for the exam.
The Minnesota real estate salesperson exam is two separate examinations. The first exam is the national exam and II is a state-specific exam. For the national portion, there 80 questions. To pass the test you’ll have to answer 60 out of the 80 questions correct.
The state portion of the Minnesota real estate salesperson exam has 40 questions, 30 of which you’ll have to answer correctly to pass. For both exams, you’ll have a total of 4 hours. If you pass one portion of the real estate salesperson exam and fail another part, you are allowed to take the portion that you failed at a later date.
All the exams are taken on computer. The exam is a closed book exam, and you’re only allowed to bring a working calculator to help with the exam questions that involve math.
You’re not going to have to wait long to find out how you did, as the exam is scored immediately upon finishing.
You’re going to need two forms of ID, your exam confirmation code, and any required course documentation such as the Certificate of Completion. It’s always a good idea to get to the exam site at least a half hour before the scheduled exam time.
All real estate exams in the state of Minnesota administered by Pearson VUE (www.pearsonvue.com). You can register for your exam by visiting their website.
3. Finding a brokerage and getting to work
If you’ve passed your test, congrats! You can finally start getting to work. Once you join a brokerage and have a supervising broker, the brokerage will assist you in filing additional paperwork with the state. Once this application is filed with a $135 fee, you’ll receive your agent card.
Compared to many other states, Minnesota makes it pretty easy to get your license. From the Twin Cities to Duluth, you can start hustling properties like a boss. You’re going to have to keep your marketing muscles sharp and put in a lot of hard work, but if you play your cards right, you could be the next million-dollar Minnesota broker!
