Important Notice for all Real Estate Brokers and Salespersons and Minnesota-Approved Real Estate License Education Providers The general module course for Here is additional information concerning the required continuing education module training course.
The History of Diversity in Homeownership All non-exempt salespersons and brokers must complete this general module course before June 30, Additional details: This course is part of the 15 hours of continuing education that are due each year, not in addition to them. To get credit for the general module, you must pass an examination taken at the end of the course.
The examination will cover the module content. The passing score is 14 or more correct. The examination questions were written by subject matter experts in consultation with the Department of Commerce.
The Department of Commerce, in consultation with a statewide real estate trade association and a statewide private continuing education provider, determines the specific topic s covered by the module s each license year and the number of credit hours allocated to each module. The topic for this module course is: Minnesota Disclosure Laws All non-exempt salespersons and brokers must complete this general module course before June 30, View a detailed course outline.
Appraiser Education. Trainee Appraiser. Pre-license education Appraiser trainee applicants must complete the 75 hours of Minnesota Department of Commerce pre-approved appraiser pre-license education. All qualifying education must be completed within the five-year period prior to the date of submission of a trainee real property appraiser license application.
Licensed Residential Appraiser. Pre-license education Before sitting for a licensing exam, licensed residential appraiser applicants must first complete the hours of Minnesota Department of Commerce pre-approved appraiser pre-license education. Experience As a prerequisite for licensing as a licensed real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has obtained 1, hours of experience in real property appraisal obtained in no fewer than 6 months.
Examination An applicant for a licensed real property appraiser license must pass a current uniform licensed real property appraiser examination approved by the Appraiser Qualifications Board. Continuing education A minimum of 30 credit hours of Minnesota Department of Commerce pre-approved courses. Certified Residential Appraiser. Pre-license education Before sitting for a licensing exam, certified residential Appraiser applicants must first complete the hours of Minnesota Department of Commerce pre-approved appraiser pre-license education.
The courses must have a particular emphasis on the appraisal of one to four unit residential properties, must include completion of the hour national USPAP course; and Degree Requirement The college-level education specified in the Real Property Appraiser Qualification Criteria. Certified Residential Basic appraisal principles 30 hours Basic appraisal procedures 30 hours The hour national USPAP course or its equivalent 15 hours Residential market analysis and highest and best use 15 hours Residential appraiser site valuation and cost approach 15 hours Residential sales comparison and income approaches 30 hours Residential report writing and case studies 15 hours Statistics, modeling, and finance 15 hours Advanced residential applications and case studies 15 hours Appraiser subject matter electives 20 hours May include hours over minimum shown above in other modules Certified Residential level total education requirements hours Experience As a prerequisite for licensing as a certified residential real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has obtained 1, hours of experience in real property appraisal obtained in no fewer than 12 months.
Examination An applicant for a certified residential real property appraiser license must pass a current uniform certified residential real property appraiser examination approved by the Appraiser Qualifications Board. Certified General Appraiser. Rapid Resources Contact Menu. Commercial Listing. The first obligation is to you, the client. An expert guide. Buying a home usually requires dozens of forms, reports, disclosures, and other technical documents.
Applicants that are title insurance companies regulated by Minnesota Statutes 68A and licensed pursuant to Minnesota Statutes 60A. Abstracter Individual. Pass the Abstracter prelicense exam. Schedule the exam at Pearson Vue The exam results will be sent to us electronically from Pearson Vue The exam must have been taken on or after July 1, Submit the license application at www.
Broker Limited. If you meet the requirements to waive the trust account notice, submit a completed Trust Account Notice Waiver Certification. The form must be attached to the online limited broker application. Broker Nonresident. Submit a license application on www. Email a Letter of Certification no more than 90 days old documenting that you are currently licensed as a broker and reside in Colorado, Iowa, Nebraska, North Dakota, Oklahoma, South Dakota, or Wisconsin to licensing.
You can find course offerings at www. Pass the state portion of the broker exam. You can schedule your exam with Pearson Vue at After receiving approval you may proceed with the next steps. Complete the 30 hour broker course. Course offerings can be found at www. Schedule your exam with Pearson Vue , A license may be obtained by broker candidates that have an active Minnesota license that they have used full time for two out of the previous five years.
Purchasing our broker package and selecting Minnesota will provide you with national exam prep questions as well as Minnesota-specific broker practice questions. We know you may still have a number of questions about obtaining your real estate license in Minnesota. Here are the most commonly asked ones. If you still have questions, just go to our contact page and let us know.
The salesperson exam contains 80 national multiple questions and 40 state multiple choice questions. The exam is graded on the basis of difficulty out of This means that more difficult questions are scaled to be worth more than easier questions. The broker exam contains 80 national multiple questions and 50 state multiple choice questions.
Just because you have a criminal record, it does not mean that you will be prevented from receiving your license. It is always best to provide details on your application. If you are unsure, you can always call the commission to clarify what type of convictions are allowed, and which are not. You are given a total of 4 hours for the salesperson exam. This means you have a total of minutes to complete the real estate license exam.
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