License Minnesota

Closing Agent License

Minnesota Department of Commerce

Agency contact information:

Commerce, Minnesota Department of
85 7th Place East, Suite 500
St. Paul, MN 55101
(651) 539-1500
(651) 539-1547(fax)
Licensing Unit
(651) 539-1599 | (800) 657-3978 (MN only, outside Metro area)
(651) 539-0107 (fax)
Contact Info: licensing.commerce@state.mn.us

Website:

Minnesota Department of Commerce

Closing Agent License

Real Estate Licensing

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The Minnesota Department of Commerce is the chief regulator for the banking, energy, insurance, real estate, securities, telecommunications industries and also operates Minnesota's Unclaimed Property.

Statutes:

Minn. Stats. 82

Forms:

Electronic application at Pearson VUE Pulse Portal 

Requirements:

A Closing Agent is required to maintain an interest-bearing trust account. 


If the closing agent meets the requirements to waive the trust account notice, a completed Trust Account Notice Waiver form may be attached to the closing agent application, in place of obtaining a trust account. Download the Trust Account Waiver form here.

The Trust Account Notice Waiver Certification form must be faxed to licensing.commerce@state.mn.us along with a copy of the application confirmation page. The application will not be processed until the appropriate documents are received.

View this information: 

Apply for a Closing Agent License   

Who Needs a Closing Agent License   


Fee:

Closing Agent License fee - $115 
In addition, the online system vendor also charges processing fees.


Period of Issuance:

2 years, expiring on June 30.

Length of Determination Process:

2 - 4 weeks