Subdivision 1.MS 2002 [Renumbered
82.50, subdivision 1
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
(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
(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
(f) a fee of $20 for each transfer;
(g) a fee of $50 for license reinstatement;
(h) a fee of $20 for reactivating a corporate, limited liability company, or partnership
license without land; and
(i) in addition to the fees required under this subdivision, individual licensees under clauses
(a) and (b) shall pay, for each initial license and renewal, a technology surcharge of up to $40 under
, unless the commissioner has adjusted the surcharge as permitted under that section.
Subd. 2.MS 2002 [Renumbered
82.50, subd 2
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
Subd. 3.MS 2002 [Renumbered
82.50, subd 3
Subd. 3. Broker payment consolidation.
For all license renewal fees, recovery fund
renewal fees, and recovery fund assessments pursuant to this section and section
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. 4.MS 2002 [Renumbered
82.50, subd 4
Subd. 4. Deposit of fees.
Unless otherwise provided by this chapter, all fees collected under
this chapter shall be deposited in the state treasury. The technology surcharge shall be deposited
as required under section
Subd. 5.MS 2002 [Renumbered
82.50, subd 5
Subd. 5. 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.
Subd. 6.MS 2002 [Renumbered
82.50, subd 6
Subd. 6. Cash not accepted.
All fees must be paid by check, draft, credit card, or other
negotiable or nonnegotiable instrument or order of withdrawal that is drawn against funds held by
a financial institution. Cash will not be accepted.
Subd. 7.MS 2002 [Renumbered
82.50, subd 7
Subd. 7. Overpayment of fees.
An overpayment of a fee paid pursuant to this chapter
shall be refunded within a reasonable time after a letter requesting the refund is received by the
commissioner and signed by the person making the overpayment.
Refunds shall not be given for other than overpayment of fees. A request for a refund of
an overpayment must be received by the commissioner within six months of the date of deposit
or it will be forfeited.
82.50, subd 8
History: 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; 2004 c 203 art 2 s 38,39,61; 2007 c 57 art 3 s 36,37