Mn Department Of Commerce Real Estate License Renewal
Are you a real estate agent in Minnesota? Do you know when your license expires? It's important to renew your license on time to avoid any legal issues. The Minnesota Department of Commerce is responsible for issuing and renewing real estate licenses in the state.
When to Renew Your License?
Real estate licenses in Minnesota expire every two years on June 30th. You should receive a renewal notice from the Department of Commerce at least 60 days before your license expires. It's important to keep your contact information up to date with the Department of Commerce to ensure you receive your renewal notice on time.
How to Renew Your License?
The Minnesota Department of Commerce offers online renewal for real estate licenses. You can renew your license by logging into your account on the Department of Commerce website. You will need to pay a renewal fee and complete any required continuing education credits before renewing your license.
Continuing Education Requirements
Real estate agents in Minnesota are required to complete 30 hours of continuing education during each two-year renewal period. At least 15 of those hours must be in approved real estate courses, and the remaining hours can be in related fields such as law, finance, or marketing. Make sure to complete your continuing education requirements before renewing your license.
Renewal Fees
The renewal fee for a real estate license in Minnesota is $120. If you fail to renew your license on time, there is a late fee of $25. It's important to renew your license on time to avoid any additional fees or legal issues.
Conclusion
Renewing your real estate license in Minnesota is a simple process that can be done online through the Department of Commerce website. Make sure to complete your continuing education requirements and pay the renewal fee on time to avoid any legal issues or additional fees. Keep your contact information up to date with the Department of Commerce to ensure you receive your renewal notice on time.