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Iowa vs Minnesota for Broker Licensing

Total Fees
$316
IA
vs
$258
MN
Pre-Licensing
60 hrs
IA
vs
30 hrs
MN
Timeline
8-16 wks
IA
vs
6-12 wks
MN

Side-by-Side Comparison

Category Iowa Minnesota
Total Fees $316 $258 ✓
Pre-Licensing Hours 60 hrs 30 hrs ✓
Processing Time 8-16 weeks 6-12 weeks ✓
Renewal Cycle 3 years 2 years
Renewal Fee $170 $100 ✓
CE Hours 36 hrs 30 hrs ✓
Reciprocity Partial Partial

Key Differences

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Cost

Minnesota is $58 cheaper for total licensing fees.

Winner: Minnesota

→

Education Hours

Minnesota requires only 30 pre-licensing hours.

Winner: Minnesota

→

Processing Speed

Minnesota processes applications in 6-12 weeks.

Winner: Minnesota

Category Winners

Lower Cost
Minnesota $258
vs Iowa ($316)
Fewer Hours
Minnesota 30 hrs
vs Iowa (60 hrs)
Faster Processing
Minnesota 6-12 wks
vs Iowa (8-16 wks)

Minnesota

Minnesota Department of Commerce

Official Website →

Compare More States

Compare Iowa Broker License

Compare Minnesota Broker License