Top Real Estate Agents In Minnesota

FastExpert ranks its agents based on their number of successful sales, real customer reviews, and years active. We collect each real estate agent’s transaction history to provide the most accurate data in our directory of top agents. We like to use the data of the last three years of closed sales as a reference point, as it shows how well the agent is doing now - not 10 years ago.

We only show true and accurate data, and our agents cannot buy their way into a higher ranking. At FastExpert, you’ll always see the most accurate and up-to-date rankings with our top real estate agents.

According to the Minnesota Department of Real Estate as of May 2020, there are a total of 8,986 licensed real estate agents.

Total real estate agent fees (including seller and buyer’s agents) range from 4-6% of the total home sale price.

This is split between the seller’s agent and the buyer’s agent. So if a home sells for $500,000 and the commission is 5%, the total fee is $25,000 with $12,500 for each agent.

The home seller usually pays for this fee, but that can vary depending on what both sides agree on.

Fees for brokerages come out of the agent’s commission. Brokerages can take 10-40% of an agent’s commission, depending on experience level. As a seller or buyer, you probably don’t have to worry about this, as it is included in the agent fee.

If you want to see if a real estate agent is licensed in Minnesota you can visit the Minnesota Department of Real Estate website and look them up by name. This will give you their license number, type, and the cities they are active.

The seller commonly pays the realtor fee.

You will usually see the fee included in the final closing costs for the property sale. On average, total commissions are about 4-6% of the total house sale price, with half going to the seller’s agent and half to the buyer’s agent. This is negotiable and is something you should discuss with your agent before you decide to work with them.

Real estate commission is the same as agent fees and usually ranges from 4-6% of the total home sale price. This is split between the seller’s agent and the buyer’s agent.

If you want to see if a specific agent is a member of The National Association of Realtors, you can search for agents and brokers through the National Association of Realtors website.

There is much to consider when joining a brokerage as a new Real Estate Agent in Minnesota. You can start with a simple internet search to see what is available in your specific area. Next, you’ll want to either get in touch with someone from the brokerage or do some more research to answer these questions:

• What is the broker’s commission split?
• Does the broker promote an independent work culture? Or is it more hands-on?
• Is it a large franchise? Or an independent brokerage?
• What is their reputation/overall rating?
• What kind of support do they offer? (mentoring, training, marketing assistance?)

When looking to hire a real estate agent in Minnesota, it’s essential to interview a few agents and choose the one that fits your needs best.

When interviewing, there are some questions to ask to ensure you get information that will help you with your decisions.

Be sure to ask about where they have worked in the past, what their average price point is, how they like to communicate, and how much they charge for commission. For a full list of recommended questions, see our blog post, Essential Interview Questions to Ask a Real Estate Agent.

Minnesota real estate agents do much more than just put a sign in front of your house. A good Realtor will work with you from the moment you decide to sell your home to after you hand over the key.

This includes things like working with appraisers to set the right listing price, staging, having pictures taken, preparing the listing, online marketing, open houses, working with individual showings, answering questions, negotiating, closing paperwork, and so much more!

If you don’t think hiring a real estate agent is worth the money, think about this - according to the National Association of Realtors, in 2021 the average home sold FSBO (for sale by owner) sold for 32% less than the average home sold with a Realtor.