Subdivision 1. Amounts. The following fees shall be paid to the commissioner:
(a) A fee of $150 for each initial individual broker's license, and a fee of $100 for each renewal thereof;
(b) A fee of $70 for each initial salesperson's license, and a fee of $40 for each renewal thereof;
(c) A fee of $85 for each initial real estate closing agent license, and a fee of $60 for each renewal thereof;
(d) A fee of $150 for each initial corporate, limited liability company, or partnership license, and a fee of $100 for each renewal thereof;
(e) A fee for payment to the education, research and recovery fund in accordance with section 82.34;
(f) A fee of $20 for each transfer;
(g) A fee of $50 for license reinstatement; and
(h) A fee of $20 for reactivating a corporate, limited liability company, or partnership license without land.
Subd. 2. Forfeiture. All fees shall be retained by the commissioner and shall be nonreturnable, except that an overpayment of any fee shall be the subject of a refund upon proper application.
Subd. 2a. Broker payment consolidation. For all license renewal fees, recovery fund renewal fees, and recovery fund assessments pursuant to this section and section 82.34, the broker must remit the fees or assessments for the company, broker, and all salespersons licensed to the broker, in the form of a single check.
Subd. 3. Deposit of fees. Unless otherwise provided by this chapter, all fees collected under this chapter shall be deposited in the state treasury.
Subd. 4. Initial license expiration; fee reduction. If an initial license issued under subdivision 1, paragraph (a), (b), (c), or (d) expires less than 12 months after issuance, the license fee shall be reduced by an amount equal to one-half the fee for a renewal of the license.
HIST: 1973 c 410 s 5; 1979 c 144 s 2; 1980 c 614 s 75; 1984 c 552 s 10; 1987 c 336 s 22; 1989 c 347 s 17; 1992 c 513 art 3 s 28; 1993 c 309 s 11,12; 1993 c 369 s 45; 1994 c 632 art 4 s 34,35; 1997 c 200 art 1 s 48
Official Publication of the State of Minnesota
Revisor of Statutes