The Process Of Getting Your License
TAKE THE COURSES: You must complete Courses 1, 2, & 3. We are offering in-person classes as well as Live Webinars!
PASS THE EXAM: You’ll be well-prepared to take the state-required exam, from PSI Exams.
BEGIN SELLING: After passing the exam, you’ll find a Broker, apply for your license, and start selling!
FREQUENTLY ASKED QUESTIONS
How Much Does It Cost To Get A Real Estate License?
To get a license in Minnesota, an applicant must complete 3 courses (called Courses 1, 2 and 3) and pass a state-required exam (contains 2 sections-National and State) and pay an application fee. Our courses are $279 each (total of $837), the state-required exam is $78 and the application fee is $140.
What Do The Terms Mean: Sales Associate, Agent, Realtor, Broker?
A sales associate is a person who helps others buy/sell/lease real estate under the supervision of another party called a Broker. The broker and the sales associate act as Agents of clients. A person who has access to the Multiple Listing Service, abides by a Code of Ethics is called a Realtor®.
When Can I Start The Course?
Our courses run regularly throughout the year. We run them weekends, evenings, and weekdays. You can start (and finish) at your convenience.
How Long Does It Take To Complete The Course?
Is There A Course Final Exam?
Yes. At the end of each class, we hand out an assessment which is not a pass/fail. It is simply an assessment that the learner was listening and present in class.
What Happens If I Fail The State Exam?
The exam may be taken repeatedly (for a fee) as many times as needed. There is no need to take classes over again. We do offer free re-takes of a completed course as many times as a learner would like (up to 1 year from completion of course).
Is Your Real Estate School Licensed By The State Of Minnesota?
Where Do I Take The State Exam, and How Do I Schedule It?
The exam is administered by PSI Exams. Their website is www.PSIExams.com for scheduling. Using their site, you can select up to 3 testing locations to search available test times. The exam takes 4 hours to complete.
What Topics Are On The State Exam?
The exam covers real estate agents’ legal requirements, from meeting a customer at an open house, to disclosures of condition of property, handling contracts, assisting in the financing of the loan, closing/recording the sale, and fair housing and representation.
Is It Difficult To Find An Agency To Work For? Does Your Real Estate School Offer Job Placement?
Many companies have recruiters who seek new agents regularly. There are many companies who would love to offer you a position at their agency. By law, the we cannot recommend or promote any individual business.
Can I Do Real Estate Part-time?
What Can I Do With A Real Estate License?
Does My MN License Work In Other States?
No. You would have to perform the needed steps in any of the other 49 states to get your license. But, Minnesota does have a reciprocal relationship where you can get a license if you live in Minnesota and have a broker in North Dakota, Iowa, Colorado, Oklahoma and Nebraska. There are no educational or testing requirements. If you would like a license in Wisconsin or South Dakota, a shortened course (1 or 2 days) and the state exam is all that is needed as a Minnesota resident. In any of the other 42 states, you would need to take their version of the 90-hour class and take the exams specific to that state.
Does Your Real Estate School Offer Continuing Education?
We offer many courses to help you grow as a businessperson, a negotiator and as a Realtor. Our classes are designed for continuous improvement. Learn about successfully negotiating contracts in our Negotiation series. Want to break into the world of Commercial? We have a series of Commercial-specific classes. We offer classes in our locations as well at local Associations and many of the firms in the state.