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Colorado vs Minnesota for MLO Licensing

Total Fees
$395
CO
vs
$281.25
MN
Pre-Licensing
20 hrs
CO
vs
20 hrs
MN
Timeline
4-10 wks
CO
vs
4-8 wks
MN

Side-by-Side Comparison

Category Colorado Minnesota
Total Fees $395 $281.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-10 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $200 $50
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Minnesota is $113.75 cheaper for total licensing fees.

Winner: Minnesota

Processing Speed

Minnesota processes applications in 4-8 weeks.

Winner: Minnesota

Category Winners

Lower Cost
Minnesota $281.25
vs Colorado ($395)
Fewer Hours
Colorado 20 hrs
vs Minnesota (20 hrs)
Faster Processing
Minnesota 4-8 wks
vs Colorado (4-10 wks)

Colorado

Colorado Division of Real Estate

Official Website →

Minnesota

Minnesota Department of Commerce

Official Website →

Compare More States

Compare Colorado MLO License

Compare Minnesota MLO License