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Apply for a Company License


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 License Application" and select “Organization” for the entity type. Then select the appropriate license type and follow the necessary steps to apply for your Real Estate Company. After filling out the Real Estate Company application you will be asked to attach an active licensed broker to the Real Estate Company application or you can apply for a new Real Estate Broker license at this time. You may also use the PULSE portal to check the status of your application. 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 651-539-0114.

  • 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.

  • If you apply for a Non Resident Real Estate Company License you must submit a Certificate of Authority to Transact Business in Minnesota via fax to 651-539-0114.

Renew a Company License


Prior to each renewal period, reminder postcards are sent to the Primary Broker of each real estate company. The renewal postcards direct the primary broker to the PULSE portal www.pulseportal.com and provide any other necessary information that may be required to renew online.