Resident and Nonresident Real Estate Company

To apply for one of these license types go to www.pulseportal.com and submit an application electronically.

After selecting "Minnesota Department of Commerce" as the program and "Real Estate" as the board, click on "Submit a Resident License Application" or "Submit a Nonresident License Application" and follow the necessary steps. You may also use the PULSE portal to check the status of your application, and after you see that it has been approved, you will be able to print a copy of your own license. With your license in hand, you will need to go back to the PULSE portal and set up an account by using the state identification number and the personal identification number printed on page 2 of the license. After you have your account established in the PULSE portal, you can use it to complete applications for your primary broker and other agents. You can also use the PULSE portal to make profile changes, print other licenses, and process renewals. Please remember that it is the responsibility of the licensee to maintain license information through the PULSE portal.

General Application Information for a Real Estate Company License

• The license fee is $195. In accordance with Minn. Stat. 16E.22, this fee includes a 10% surcharge, which is being collected on behalf of the Minnesota Office of Enterprise Technology to fund a statewide electronic licensing system. In addition, the online system vendor also charges processing fees. The term of a company license is two years, expiring on June 30.

• If you apply as a corporation, you must have at least one elected officer who is individually licensed to act as the primary broker for the corporation.

• If you apply as a partnership, you must have at least one partner individually licensed to act as the primary broker for the partnership.

• If you apply as another type of business entity (e.g. LLC), you must have at least one elected manager who is individually licensed to act as the primary broker for the business entity.

• The individual broker application must be submitted within 30 days of the approval date of the real estate company application. The Department of Commerce may cancel a company license if the company does not have a primary broker associated with it.

• If you meet the requirements to waive the trust account notice, a completed Trust Account Notice Waiver Certification form may be faxed to Licensing staff at 651-284-4207.

• Each officer of the corporation who intends to act as a broker must obtain an individual broker license prior to acting in the capacity of a broker.

• Each manager, governor, member, officer, owner, or partner who intends to act as a broker must obtain an individual broker license prior to acting in the capacity of a broker.