Terms and conditions
By checking the box that reads ‘I agree to the Terms and Conditions’ at the time of registration for a 'Real Estate License Reimbursement', you the user are agreeing to comply with and be bound by the following terms and conditions. After reviewing the following terms and conditions thoroughly, if you do not agree to the terms and conditions, do not complete the registration process.
SECTION 1: General Applicant Conditions
Must not be a currently licensed agent in MN, WI, or any other state.
Must be a MN or WI state resident.
Must be at least 18 years old.
Must be a new agent, meaning you are taking the courses and tests for the first time.
Must take courses through The CE Shop.
Tests are to be taken through Pearson VUE. They can be taken in-person at an approved site location or virtually (online). Greater Midwest Realty, herein referred as “GMR” throughout, will reimburse the fee of one federal test and one state test, regardless of number of times the individual must take the tests until passing.
Must join GMR under the New Agent Success Plan.
Must complete a total of three (3) transactions before leaving GMR.
If you leave prior to three (3) transactions, any costs reimbursed to you will be owed to Greater Midwest Realty.
SECTION 2: Additional Terms for the Real Estate License Reimbursement Program
Must successfully be issued a real estate license from the MN Department of Commerce or WI Department of Safety and Professional Services.
Reimbursement amounts for exam fees are set at $78.00 for MN exams and $65.00 for WI exams.
The reimbursement for course tuition amounts are set at $543.20 for MN courses or $299.75 for WI courses through our affiliation/partnership with ‘The CE Shop’.
The Real Estate Salesperson license application fee reimbursement amount will be in the amount of $120.40 for the state of MN and $60 for the state of WI.
The appropriate fees are to be paid out to the individual at the time of the issuance of their first commission check following a completed real estate transaction.
SECTION 3: Additional Terms
At the time of redemption and upon signing a contract - reimbursement will be paid out in a check covering the costs of a license and tuition as follows...
$543.20 for tuition
$78.00 exam fee
$120.40 license application fee
$65.00 exam fee
$60.00 license application fee
SECTION 4: Payment Amounts Information
Payment amounts are subject to change and will be paid out at the rates listed above. Last update to amounts was July 21st, 2022.