field_block:node:page:title

eCRV Guidelines

field_block:node:page:body

An electronic Certificate of Real Estate Value (eCRV) must be filed when Minnesota real property is sold or conveyed for consideration for greater than $3,000. Consideration includes the amount of any debt assumed. Transfer documents should contain language to indicate when an eCRV is not required. For example: This deed transfers real property in exchange for $3,000 or less of consideration.

field_block:node:page:field_paragraph

Documents Requiring an eCRV [+]

Assignment of Sheriff's Certificate of Sale
Assignment of Vendee's Interest in Contract for Deed
Assignment of Vendee's Interest in Contract for Deed with Warranty Deed or Quitclaim Deed
Contract for Deed (including any amendments that change contract price or grantees)
Deed following satisfaction of Contract for Deed when the requirements in Minnesota Statutes, section 272.115, subdivision 7 are not met
Limited Warranty Deed
Probate Deed, Personal Representative’s Deed
Quit Claim Deed
Special Warranty Deed
State Deed - Tax Forfeiture
State Deed - Repurchase
Trustee’s, Conservator’s, or Executor’s Deed
Warranty Deed

An eCRV is not required If the document is not listed above.

eCRV Basics [+]

The eCRV form is composed of multiple tabs. Below is some of the information requested in the form.

Buyer and Seller	Property	Sales
Name	Legal description	Date of deed or contract
Social Security number / Tax ID number	Acreage	Total purchase amount
Contact information	Parcel ID (if known)	Down payment or equity investment
	Location	Amount seller paid
	Planned use	Delinquent special assessment paid
	Prior use	Financing details
		Personal property details (if applicable)

Contract for Deed Requirement [+]

An eCRV should be submitted when the original contract to transfer the property is made. A property will not be eligible for homestead if an initial eCRV is not filed.

An eCRV is not required for the fulfillment of a contract for deed if the deed refers to the following:

The document number or the book and page for the original contract for deed
The consideration paid as described in the original contract for deed

If either piece of information is unavailable, an eCRV must be completed in order to transfer the deed.

An eCRV is not required when a vendor (seller) deeds part of the real property described in the contract. The requirements of Minnesota Statute 272.115 were met when an eCRV was submitted with the contract for deed.

Homestead Requirement [+]

Social Security Number Requirement [+]

The eCRV must contain the Social Security numbers or the federally issued individual or organizational tax identification numbers of all buyers and sellers.

Exceptions:

1. Spousal Exception: A spouse, who is not an owner of record but is releasing their marital interest in the real property, is not required to submit a Social Security number provided the deed contains a statement such as:

“(Name of spouse) claims no ownership interest in the real property being conveyed and is executing this instrument solely to release and convey a marital interest, if any, in the real property.”

2. Religious Exception: For religious objectors described in Internal Revenue Code, written documentation must be submitted to the county to show that the Social Security Administration approved the religious objection through IRS Form 4029.

Trust as Buyer or Seller Requirement [+]

If the trust has a Federal Employer Identification Number (FEIN):

Choose "Organization"
Enter the legal name of the trust (not the trustees)
Enter the FEIN as the Tax ID

If the trust does not have a FEIN:

Choose "Individual"
Enter the legal name of the grantor (not the trust)
Enter the Social Security number of the grantor
Include a statement in the Comments box that the grantor represents a trust

field_block:node:page:field_last_updated

Last Updated

September 23, 2020

eCRV Guidelines

Contact Info