Real EstateMinnesota

How to get a Minnesota real estate broker license

13 min read

A Minnesota real estate broker license lets you work independently, hire salespersons, and operate your own brokerage. To earn it, you must be at least 18 years old, hold an active salesperson license for at least 3 of the past 5 years, complete a 30-hour broker pre-license course, pass the broker exam administered by PSI Services, and apply through the Minnesota Department of Commerce with a $190 license fee. Minnesota Statutes Chapter 82 governs both the salesperson and broker license categories, and the Commerce Department administers the entire process.

What a real estate broker can do that a salesperson cannot

The broker license adds operational authority that a salesperson does not hold. Under Minnesota Statutes Chapter 82[1], a broker who operates as a "primary broker" must also obtain a real estate company license and maintain a trust account for client funds unless the Commerce Department grants a waiver.

The REALTOR® designation is separate from the license tier. Minnesota REALTORS®, the state-level trade association, provides continuing education resources and advocacy for its members across the state.

Minnesota broker license requirements

The broker pathway builds on the salesperson license. The Minnesota Department of Commerce licensing guide[1] publishes the full requirements, which cover age, experience, education, exam passage, and application.

Before pursuing broker licensure, you must first earn a salesperson license through the same department. The salesperson license is the prerequisite that lets you begin accumulating the active experience the broker license requires.

Meeting the 3-year salesperson experience requirement

Minnesota requires active salesperson experience before you can sit for the broker exam. The Minnesota Department of Commerce licensing guide[1] specifies the lookback period and what qualifies as active.

Experience must be earned in Minnesota or in another state with comparable licensing requirements. Periods when your license was inactive do not count toward the requirement. The Commerce Department evaluates state comparability on a case-by-case basis.

Several categories of applicants can waive the experience requirement entirely:

  • Hold a degree in real estate from an accredited college or university
  • Be a licensed practicing attorney with real estate law experience
  • Be a public officer whose duties involve real estate
  • Be an active-duty military member, veteran, or military spouse meeting specific criteria

Completing the 30-hour broker pre-license course

The broker course is the only education requirement specific to the license upgrade. The Minnesota Department of Commerce licensing guide[1] requires you to complete the course before sitting for the broker exam.

The Commerce Department approves course providers. Approved schools offer both classroom and distance-learning formats.

Taking the Minnesota broker exam

PSI Services administers the broker exam at centers across Minnesota. The exam costs $68 for the combined national and state portions, or $45 for a single portion, according to the PSI Candidate Information Bulletin[2].

Exam detailValue
Exam vendorPSI Services
National portion75 scored items (80 points)
State portion60 scored items (60 points)
Total scored items135 (140 points)
Combined exam fee$68
Single-portion fee$45
Schedule by phone(866) 395-1006

The national portion includes questions that can be scored up to two points each, which is why 75 national items yield 80 points. An additional 5 to 10 unscored experimental questions may also appear on the exam.

PSI operates exam centers in Rochester, St. Paul, Willmar, Woodbury, Blaine, Brainerd, Duluth, Eagan, and Mankato, per the Minnesota Department of Commerce scheduling page[3].

Applying for your broker license

After passing the exam, you must apply for your license within one year through the PULSE portal, unless you remain continuously active as a salesperson licensee, according to the Minnesota Department of Commerce licensing guide[1]. The initial broker license fee is $190, which includes a $150 base license fee, $30 for the education, research, and recovery fund, and a $10 technology surcharge under Minnesota Statutes section 45.24(f)[4], effective May 1, 2023.

Two application paths exist depending on your role:

Application typeWho submitsProcess
Primary broker or individual proprietorThe applicant"Dual Application" through PULSE
Non-primary brokerThe primary brokerPrimary broker submits on your behalf

A Broker Application Attestation form is required. The Commerce Department considers incomplete applications withdrawn if not completed within 6 months, and the fee is nonrefundable. If you plan to operate a brokerage, you must also obtain a real estate company license with an initial fee of $180.

Broker reciprocity for out-of-state licensees

Minnesota offers broker license reciprocity with seven states: Colorado, Iowa, Nebraska, North Dakota, Oklahoma, South Dakota, and Wisconsin. Nonresident brokers from reciprocal states pay a $210 license fee, compared to $190 for Minnesota residents, per the Minnesota Department of Commerce applications page[5].

Wisconsin applicants follow a special path, completing a 13-hour Wisconsin-to-Minnesota Reciprocal Prelicense course and passing only the state portion of the broker exam.

Applicants from non-reciprocal states must submit a Request for Waiver of Salesperson Experience, complete the 30-hour broker course, and pass the state portion of the broker exam. The license fee is also $210.

Maintaining your broker license

The Minnesota Department of Commerce licensing guide[1] sets the renewal cycle and continuing education obligations for brokers.

The broker renewal fee is $130, which includes a $100 base renewal fee, $20 for the education, research, and recovery fund, and the $10 technology surcharge.

The first renewal after initial licensure is exempt from continuing education requirements.

Next steps

If you meet the experience requirement, your next move is to enroll in a state-approved broker pre-license course, schedule your exam through PSI Services, and prepare your PULSE portal application. If you do not yet hold a salesperson license, start with the salesperson pre-licensing curriculum and affiliate with a sponsoring broker to begin accumulating the active experience the broker license requires.