To submit a resident closing agent license application go to www.pulseportal.com. After selecting "Minnesota Department of Commerce" as the program and "Real Estate" as the board, click on "Submit a 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. You can also use the PULSE portal to make profile changes and submit license renewal information. Please remember that it is the responsibility of the licensee to maintain license information through the PULSE portal.
The license fee is $123.50. 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 license is two years, expiring on June 30.
You must successfully complete the required eight-hour prelicensing education course.
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 651-284-4207 along with a copy of the application confirmation page. The application will not be processed until the appropriate documents are received.