If a licensee fails to renew their license, what must they do after two years to renew it?

When a licensee fails to renew their real estate license in Minnesota and more than two years have passed, they are required to retake the exam in order to be eligible for licensure again. This requirement is in place as a way to ensure that applicants are up to date with current real estate laws, practices, and regulations, which may have changed since they last held their license.

Training or continuing education that might have been completed prior to expiration would typically not suffice after a prolonged absence from active status. Therefore, the need to pass the exam ensures that the licensee has a solid understanding of the current real estate environment. This requirement upholds the standards of the profession and protects consumers by ensuring that all practitioners are competent and knowledgeable.