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Property Manager — PM
Total cost: $257
Governing Authority
Minnesota Department of Commerce — Real Estate Licensing (Licensing Division)
Official website →Some details on this page are not yet confirmed against an official source. See sources below or contact the licensing board to verify.
Yes
License Required
Real Estate License
License Type
90 hours
Pre-Licensing Hours
Yes
Exam Required
$257
Total Initial Fees
Every 2 years
Renewal Period
Yes — Minnesota requires a Real Estate License to manage property for others.
Since Minnesota requires a real estate license, you'll need to complete the state's pre-licensing education and pass the real estate exam before managing property professionally.
Minnesota requires a Real Estate License to manage property for others. Research the specific requirements through the Minnesota Department of Commerce — Real Estate Licensing (Licensing Division).
Complete 90 hours of required pre-licensing education. Complete 90 hours of pre-licensing education (3 courses at 30 hours each).
State real estate exam administered by Pearson VUE. National and Minnesota-specific portions.
Submit your application to the Minnesota Department of Commerce — Real Estate Licensing (Licensing Division). Total initial fees: $257.
Boost your credentials with national certifications such as CPM (Certified Property Manager) — IREM, CAM (Certified Apartment Manager) — NAA, ARM (Accredited Residential Manager) — IREM, RMP (Residential Management Professional) — NARPM, MPM (Master Property Manager) — NARPM. These demonstrate expertise and can increase earning potential.
Renew your license every 2 years. Complete 30 hours per renewal of continuing education.
Application Fee
$90
Application fee for real estate license in Minnesota
Exam Fee
$67
Examination fee paid to testing provider (PSI, Pearson VUE, or state)
License Fee
$100
Initial license issuance fee for Minnesota
Renewal Fee
$75
License renewal fee — renews every 2 years
Includes application, exam, and license fees. Does not include education costs, background check fees, or E&O insurance.
Minnesota property management licensing requirements
VerifiedLicense Required
Yes
License Type
Real Estate License
Separate PM License
No
Standard real estate license covers property management activities
Own Property Exempt
Exempt
Managing your own property typically does not require a license
On-Site Manager Exempt
Exempt
Most states require a real estate license to manage property for others (collecting rent, leasing, marketing). Managing your own property typically does not require a license. A few states (Oregon, Montana, DC, Nevada, South Carolina) offer specific property management license categories separate from or in addition to the standard real estate license.
Education, Exams & Professional Certifications
VerifiedPre-Licensing Education
90 hours
Exam Required
Yes
State real estate exam administered by Pearson VUE. National and Minnesota-specific portions.
Education Details
Complete 90 hours of pre-licensing education (3 courses at 30 hours each).
Professional Certifications (Voluntary)
Most states that require a license for property management mandate completion of pre-licensing real estate education courses and passing a state exam. Professional certifications such as CPM (Certified Property Manager from IREM), ARM (Accredited Residential Manager), and CAM (Certified Apartment Manager from NAA) are voluntary but can significantly enhance career prospects.
Browse Property Manager study materials on Amazon →(affiliate link)
| Fee | Amount |
|---|---|
Application Fee Application fee for real estate license in Minnesota | $90 |
Exam Fee Examination fee paid to testing provider (PSI, Pearson VUE, or state) | $67 |
License Fee Initial license issuance fee for Minnesota | $100 |
Renewal Fee License renewal fee — renews every 2 years | $75 |
Total Initial Fees Includes application, exam, and license fees. Does not include education costs, background check fees, or E&O insurance. | $257 |
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Renewal Requirements & Ongoing Obligations
VerifiedEvery 2 years
Renewal Period
30 hours per renewal
Continuing Education
$75
Renewal Fee
Continuing Education Details
30 hours of continuing education every 2 years.
Most states require continuing education for license renewal. Topics typically include fair housing law, ethics, property management best practices, agency law, and state-specific regulatory updates. Failure to complete CE requirements may result in license suspension or lapse.
Step-by-step licensing process for Minnesota
Mostly verifiedComplete 90 hours of pre-licensing education from a Minnesota-approved provider
Pass the Minnesota real estate licensing examination (national and state portions)
Submit license application to Minnesota Department of Commerce — Real Estate
Pass a background check (most states require fingerprinting)
Obtain errors and omissions (E&O) insurance if required by your state
Affiliate with a licensed broker (if obtaining salesperson license) or establish your own brokerage
Begin property management operations
Estimated Timeline
2-8 weeks after completing pre-licensing education and passing the exam
Minnesota requires a real estate license for property management. Harsh winters create unique property management responsibilities for snow removal and winterization.
Property management of others' properties in Minnesota requires a Real Estate License.
Managing your own property does not require a license in most cases.
On-site managers employed directly by the property owner may be exempt from licensing requirements.
Activities requiring a license typically include: collecting rent, leasing units, marketing properties, negotiating leases, and managing security deposits on behalf of property owners.
There is no interstate compact for property managers.
Property Manager requirements in nearby states
| State | Total Cost | Timeline | |
|---|---|---|---|
| Minnesota (you) | $487–$1,132 | 8–16 wks | |
| Iowa | $580–$1,225 | 8–16 wks | → |
| North Dakota | $530–$1,175 | 8–16 wks | → |
| South Dakota | $580–$1,225 | 8–16 wks | → |
| Wisconsin | $445–$1,090 | 8–16 wks | → |
See how Minnesota compares: Property Manager License Fees by State — Cheapest to Most Expensive →
Compare property manager requirements across all states →
Property Manager licensing requirements nationwide →
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How does Minnesota compare to other states for property manager? See the full comparison →
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Explore requirements for other professional licenses in Minnesota.
Property Manager Schools in Minnesota
Compare approved training programs, costs, and requirements.
Study guides for real estate and property management licensing exams.
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Property Manager requirements in Minnesota verified against Minnesota Department of Commerce — Real Estate Licensing (Licensing Division), March 2026.
Accessed 2025-01-15
Accessed 2025-01-15
Accessed 2025-01-15
Moving to Minnesota? Use our free Transfer Tool to see what you need →
Already licensed elsewhere? See how to transfer your Property Manager license to Minnesota →
Transfer your Property Manager license from Minnesota to: Iowa → | North Dakota → | South Dakota → | Wisconsin →
Minnesota requires a Real Estate License for property management. 90 hours of pre-licensing education required. Complete 90 hours of pre-licensing education (3 courses at 30 hours each). Licensing is managed through the Minnesota Department of Commerce — Real Estate Licensing (Licensing Division).
Requirements vary by state. Always verify current requirements with your state licensing authority.