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Minnesota vs New Jersey for Broker Licensing

Total Fees
$258
MN
vs
$374
NJ
Pre-Licensing
90 hrs
MN
vs
75 hrs
NJ
Timeline
6-12 wks
MN
vs
12-24 wks
NJ

Side-by-Side Comparison

Category Minnesota New Jersey
Total Fees $258 $374
Pre-Licensing Hours 90 hrs 75 hrs
Processing Time 6-12 weeks 12-24 weeks
Renewal Cycle 2 years 2 years
Renewal Fee N/A $200
CE Hours 30 hrs 12 hrs
Reciprocity None Partial

Key Differences

Cost

Minnesota is $116 cheaper for total licensing fees.

Winner: Minnesota

Education Hours

New Jersey requires only 75 pre-licensing hours.

Winner: New Jersey

Processing Speed

Minnesota processes applications in 6-12 weeks.

Winner: Minnesota

Category Winners

Lower Cost
Minnesota $258
vs New Jersey ($374)
Fewer Hours
New Jersey 75 hrs
vs Minnesota (90 hrs)
Faster Processing
Minnesota 6-12 wks
vs New Jersey (12-24 wks)

Minnesota

Minnesota Department of Commerce

Official Website →

New Jersey

New Jersey Real Estate Commission

Official Website →

Compare More States

Compare Minnesota Broker License

Compare New Jersey Broker License