How to Become a Real Estate Brokers in Minnesota
Real Estate Brokers in Minnesota earn a median salary of $66,310/year, which is 8% below the national average. Minnesota has a state income tax of ~4.6%. After taxes and rent, a real estate brokers takes home approximately $2,918/month. Most positions require High school diploma or equivalent.
What a real estate brokers can afford in Minnesota
Becoming a real estate brokers in Minnesota
Meet education requirements
Real Estate Brokers positions in Minnesota typically require High school diploma or equivalent. Programs are available at colleges and training institutions across Minnesota. Research accredited programs in your area.
Gain required experience
Many real estate brokers positions in Minnesota require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Minnesota licensure or certification
Minnesota may require specific licensing or professional certification for real estate brokerss. Requirements vary by state — contact the Minnesota Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Minnesota
Minnesota employs 1,090 real estate brokers. The highest concentrations are in Minneapolis-St. Paul-Bloomington.
Real Estate Brokers salary by metro area in Minnesota
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $66K | $31.88/hr | 980 |
Real Estate Brokers salary range in Minnesota
Real Estate Brokers careers in other states
Frequently asked questions
How much does a real estate brokers make in Minnesota?▼
The median real estate brokers salary in Minnesota is $66,310 per year ($31.88/hr). This is 8% below the national median of $72,280. Salaries range from $31,940 to $92,540.
What are the requirements to become a real estate brokers in Minnesota?▼
Real Estate Brokers positions in Minnesota typically require High school diploma or equivalent. Minnesota may have specific licensing or certification requirements. Check with the Minnesota licensing board or department of labor for current requirements.
Can a real estate brokers afford to live in Minnesota?▼
At the median salary of $66,310, a real estate brokers in Minnesota would take home approximately $4,330/month after taxes. With median 2-bedroom rent at $1,412/month, that's 32.6% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for real estate brokers in Minnesota?▼
The highest paying metro areas for real estate brokers in Minnesota are Minneapolis-St. Paul-Bloomington ($66,310). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Minnesota have state income tax for real estate brokers?▼
Yes, Minnesota has a state income tax rate of approximately 4.6%. On a $66,310 salary, this means roughly $3,082/year in state income tax. Use our take-home pay calculator for a detailed breakdown.