FAQ – How to Become a Closing Agent or Signing Agent in Minnesota
- Complete the required Education. The state outlined the required eight hour Closing Agent Prelicense education course, and this class meets the state requirements for you to obtain your license. It was designed for advanced closers who are capable of closing for title companies, lenders and law firms and is full of content that is required under Statute. Minnesota does not recognize the nickname “Signing Agent,” a person who merely checks ID and notarizes signatures on documents. Minnesota requires a Closing Agent License, which demonstrates a higher level of knowledge, information on trust accounts, and background checks, because closers handle much personal and confidential information as well as large amounts of money.
- Complete the required state license application.
The application for an Individual Closing Agent License is found on the Pulseportal.com website. Select MN Department of Commerce> Licensing Services> Submit License Application> Individual (unless you own a closing company)> License Type> Closing Agent and complete the information. If you do not have a Trust Account where you will be depositing trust funds directly and writing checks, you must also submit a completed and notarized Trust Account Waiver Form to the MN Department of Commerce.
- Obtain your Notary Commission
Complete the Application for your Notary Commission with the Minnesota Secretary of State. Additional Commissions are required to notarize documents electronically or by Remote Online Notarization and there are many rules. While education is not a state requirement for notaries, it is strongly recommended, so that notaries know the laws, rules and the correct certificates to be used. Our Closing Agent Pre-license course includes a complementary 4-hour Minnesota Notary Training class, a $150 value.
- Consider the Minnesota Closing Academy Course if you are new to the business. The class is a practical, hands-on application of how to enter and grow your Closing Agent business. It walks you through the business of being a self-employed, Independent Contractor, how to present all the documents involved, and gives important tips that would be learned the hard way, if you don’t learn the ropes from an expert. We have a special, temporary, offer for the class. If you enter: Walk through as a coupon code, you will receive $99 off the class. See information at the Video below and Sign Up Here.
About Our Course
“Principles of Closing“ is an eight hour, online, pre-license closing procedures course that has been approved by the Minnesota Department of Commerce for the Closing Agent License, which is required by the state for real estate closers, mobile notaries, e-notaries and remote online notaries who authenticate any real estate documents. The course closely follows the curriculum required by the state under the statute. The course is available 24/7 and you can log in and log out at will, bookmarking your place as you go.
Each section is timed and must be completed in order. A quiz for each section must be passed in order to move on to the next section. This assures that you understand the material. While each section has a minimum amount of time allotted, you may take as long as you wish to thoroughly understand the material, and you may review the course materials as often as you like, so long as you complete the entire course within 120 days.
At the end on the course, there is an online examination that requires a proctor, a person with no financial interest in your passing the exam, who is not a relative, and who signs a prescribed Proctor Form saying they saw you take the exam with no assistance from books, notes, your computer, or any other source when taking the exam. When you have passed the exam, you must submit the proctor form, course evaluation and the last four digits of your SSN so that course completion can be submitted to the state.
Your Exam Results are sent to Commerce electronically. Please use your legal name, as it appears on your driver’s license.