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eCRV Guidelines
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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.
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- 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 or the consideration is $3,000 or less.
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) |
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.
If an eCRV is required for the newly acquired property, the new owner cannot apply for homestead until the eCRV has been filed.
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.”
When submitting such an eCRV, do not list the spouse as an individual and add the following in the comments box: “(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.
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
