Getting Your Real Estate License in MN
Updated: May 13
So you want to make the big bucks? Congratulations! Real Estate is a journey. A leadership program. You'll never stop learning and adapting. If you're coming onboard with us, we'll help build you a solid foundation.
Please take the new agent questionnaire click here
But this post isn't about Rah-Rah. It's about the basics of getting licensed and the costs.
Costs of Getting Your License
Get the application here and submit to the Minneapolis Association of Realtors (MAAR).
$785.66 for your 1st year's payment to MAAR. The following year it's billed at $119 per quarter). Link to page
To activate your Supra E-Key to enter properties it's $50 activation and then $12.63 per month. At MAAR, they will help you activate your mobile phone and get this set up. Link to Supra
That's $1,385 to get your license. Not a bad start-up cost. Now you're positioned to create great income with real estate.
Costs Associated with the Broker eXp Realty
The start-up fee is $149
$50 per month tech fee
$35 per month for the University Fee
eXp Realty is designed to have minimal out of pocket expenses. Once you get passed the initial start up costs of getting licensed, then it's very affordable to hold your license at eXp.
Your next step is to fully understand how eXp is different and meet with Sean and Blanca.
Sean and Blanca - Realtor Couple