Wednesday, June 5, 2013

Commerce Dept reminds real estate professionals & collection agencies to renew licenses


SAINT PAUL, MN – The Minnesota Department of commerce is reminding real estate professionals and debt collectors with a license expiration date of June 30, 2013 to renew by 4:30 PM Central time.

This includes abstracters, abstracter companies, real estate brokers, real estate salespersons, real estate companies, closing agents, limited brokers, collection agencies, and debt collectors whose licenses have a June 30, 2013 expiration date.


“Renewals are now done entirely online,” said Commerce Commissioner Mike Rothman. “Reminder postcards were sent earlier this month to individuals responsible for these licenses.”

The renewals are done online at www.pulseportal.com; additional detailed information is available on the Commerce Department website here and here. A couple of items to note:

Renewing a broker, salesperson, or real estate company license is done by the responsible broker. Salespersons should make sure that the broker who holds their license has all the information necessary to complete the salesperson's renewal, including verification that the salesperson has completed all of the applicable continuing education (CE) requirements.

When an individual real estate broker or real estate salesperson license renewal application is submitted, the PULSE system verifies whether that licensee has completed the required CE. Any individual who has not yet completed all applicable CE requirements should do so as soon as possible and no later than June 15. Education providers need time to upload their student rosters into the PULSE system.