FAQ – How to Become a Closing Agent or Signing Agent in Minnesota
- Complete the required state Closing Agent 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. Complete the information and pay the one-time license fee. If you do not have a personal Trust Account (which is not required – and not recommended), you must also submit a completed and notarized Trust Account Waiver Form to [email protected]
- Complete the Required Education. Obtaining your Closing Agent License makes you eligible to close for title companies, lenders and law firms or anyone who deals with real estate. The class contains the legal content required under Statute. Minnesota does not recognize the nickname “Signing Agent or Mobile Notary,” a common name for persons who travel to meet people, check ID and notarize signatures on real estate documents. Minnesota requires a Closing Agent License, which demonstrates a higher level of knowledge through education, and requires information on trust accounts, as well as personal information, because closers handle large sums of money and confidential information. There is potentially a $10,000 fine per transaction for closing/notarizing real estate documents without the Closing Agent License. For the state approved licensed course, Sign up Here.
- Obtain your Notary Commission. You may wish to do this first, as it is presently taking 6-8 weeks for a Notary Commission to be issued. Complete the Application for your Notary Commission with the Minnesota Secretary of State. Depending on the answers to the Notary Application, a background check may be performed. If a background check is performed a copy is available to you under the Freedom of Information Act if you request it. Separate Commissions are required to Electronically Notarize or Remotely Notarize, and there are rules to be followed. While education is not a state requirement for notaries, it is strongly recommended, as you must know the correct certificates and must conform to state law. Additional Notary Training can be a game-changer for employment. To learn what a notary can and cannot do, take a MN Class. National courses do not specifically cover Minnesota laws. MN Notary Education sign up here
About Our Pre-license Closing Agent Course
“Principles of Closing“ is the pre-license closing procedures course approved by the Minnesota Department of Commerce for the Closing Agent License required by the state for those who notarize any real estate documents – deeds, mortgages, leases, etc. The course closely follows the curriculum required by the state under MN Statute. The course is available 24/7 via smart phone, tablet or computer, 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 non-relative, with no financial interest in your passing the exam, who signs a prescribed Proctor Form saying they saw you take the exam with no assistance from books, notes, your computer, or other sources, when taking the test. When you have passed the exam, you must submit the required proctor form and a course evaluation to the course provider, so that your course completion can be submitted to the state by the State Licensed Course Provider.
Your Course Completion will be sent on your behalf to Commerce electronically. Please use your legal name, as it appears on your driver’s license.