Minnesota

Sustainability Resources

The Real Estate industry is one of the most environmentally damaging industries in the world accounting for:
30%
of total carbon dioxide
40%
of all energy
40%
of all raw materials
Our goal is to give you the resources you need to take sustainable action in improving, building, retrofitting and revamping your home. The impacts are real, the benefits significant, and the need critical. Join us in bringing sustainability home and creating a brighter future for all, starting with you.

Save money and do the world a favor!
Here's a list of Sustainability Initiatives in the area:

Energy Star Search Engine

Energy Efficient Products: appliances, electronics, lighting, building materials, etc.

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E-Stewards Recycler Search

E-Stewards is a global team of individuals, institutions, businesses, non-profit organizations, and governmental agencies upholding a safe, ethical, and globally responsible standard for e-waste recycling and refurbishment. They stop the export of illegal hazardous e-waste to developing nations and create a safe, green, and just world through sharing and using the principled and practical standard for electronics recycling and reuse.

Learn More
GreenHome Institute Events

The GreenHome Institute is a 501(c)3 that empowers people to make sustainable decisions when renovating or building homes.

Learn More

Minnesota FAQs

Is Minnesota a judicial or non-judicial state?

Non-Judicial

In a non-judicial foreclosure state, the lender does not need to go through the court system in order to foreclose on a property. This process can be quicker and less expensive for the lender compared to a judicial foreclosure.
In a non-judicial foreclosure state, the lender does not need to go through the court system in order to foreclose on a property. This process can be quicker and less expensive for the lender compared to a judicial foreclosure.

What is the process of closing on a property in Minnesota?

Title companies, lenders, real estate agents, and attorneys may conduct closings. Conveyance is by warranty deed. Although deeds of trust are authorized, mortgages are the customary security instruments. The redemption period following a foreclosure is 6 months in most cases; it is 12 months if the property is larger than 10 acres or the amount claimed to be due is less than 2/3 of the original debt. This is a strong abstract state. Typically a buyer will accept an abstract and an attorney’s opinion as evidence of title, even though the lender may require title insurance. People in the Minneapolis-St. Paul area use the Torrens system. Minnesotans use ALTA policies. Buyers pay the lender’s and owner’s title insurance premiums and the mortgage tax. Sellers usually pay the closing fees and the transfer taxes. Property taxes are due on May 15th and October 15th.

Property Taxes in Minnesota?

Due May 15th and October 15th

In Minnesota, does a property management company require a real estate broker's license?

YES. Key components of property management (renting and managing) are considered real estate brokerage services under existing Minnesota real estate licensing laws. If a property manager is going to lease, rent, list, procure prospects or negotiate, assist, or offer to perform any of those acts, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.

Are there any exceptions to the requirement that a property manager have a broker's license in Minnesota?

YES. For example, employees of the owner or manager of a residential building who lease residential units in the building are exempt from the license requirement. For more information about these and other Minnesota property management requirements and exceptions, please contact the Minnesota Department of Commerce/Real Estate Division. Before hiring a property manager to manage your Minnesota rental property, you should always check that he or she is licensed appropriately. You can check the license status of Minnesota property managers and the Minnesota's License Lookup Directory.

Do you need a broker's license to manage community associations in Minnesota?

NO. A broker's license is not required to manage community associations in Minnesota. However, The Department of Commerce has stated that if an association management company is engaged in trust activities or if it is signing contracts, then it must have a real estate broker license.

Minnesota Real Estate Broker Requirements

Title companies, lenders, real estate agents, and attorneys may conduct closings. Conveyance is by warranty deed. Although deeds of trust are authorized, mortgages are the customary security instruments. The redemption period following a foreclosure is 6 months in most cases; it is 12 months if the property is larger than 10 acres or the amount claimed to be due is less than 2/3 of the original debt. This is a strong abstract state. Typically a buyer will accept an abstract and an attorney’s opinion as evidence of title, even though the lender may require title insurance. People in the Minneapolis-St. Paul area use the Torrens system. Minnesotans use ALTA policies. Buyers pay the lender’s and owner’s title insurance premiums and the mortgage tax. Sellers usually pay the closing fees and the transfer taxes. Property taxes are due on May 15th and October 15th.

Minnesota Real Estate Salesperson Requirements

Due May 15th and October 15th

How do property ownership transfers work in Minnesota?

Warranty deed

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