Start with the official requirements.
Your regulator is New Mexico Real Estate Commission. Verify eligibility, approved schools, application timing, background checks, fees and any sponsoring-broker requirements directly before committing to a course.
Official regulator ↗- Regulator
- New Mexico Real Estate Commission
- Prelicense education
- 90 hours
- Exam provider
- PSI
- Questions
- 125 questions (75 national + 50 state)
- Time
- 180 minutes
- Passing rule
- 60 national + 38 state correct
The steps, in order.
01
Confirm eligibility
Check age, education, background review and other requirements with the regulator.
02
Complete approved education
Confirm the current 90 hours education requirement and approved providers. LicenseIQ does not replace required prelicensing education.
03
Apply and schedule
Follow the regulator’s application and testing authorization sequence; submit required documents and fees. Exact sequencing varies.
04
Prepare and take the exam
Use the PSI candidate handbook for check-in, accommodations, allowed materials and current scoring.
05
Complete license issuance
After passing, complete remaining regulator requirements. Do not practice until the license is issued and active.
06
Maintain your license
Verify post-license education, renewal deadlines and continuing education with the regulator.
Post-license education
Possibly new-broker business practices course in first year (16.61.16.9(R) NMAC) - unverified
Continuing education
36 hrs every 3 yrs
What’s on the state portion?
Topics from your LicenseIQ state course; the official exam outline controls.
- The New Mexico Real Estate Commission, License Law, and Enforcement4 lessons
- Licensing Requirements: Getting, Keeping, and Moving a New Mexico License4 lessons
- Commission Regulations: Brokerage Supervision, Assistants, and Advertising4 lessons
- Trust Accounts and Property Management3 lessons
- Broker Duties, Disclosure, and Brokerage Relationships3 lessons
- New Mexico Property Law and Additional State Topics4 lessons
Try three practice questions.
Question 1
How much active associate broker experience is generally required to become a qualifying broker who will supervise others?
- A. Three years within the preceding five years
- B. Five years total
- C. Two years within the preceding 36 months
- D. Four years within the preceding 60 months
Question 2
Which electronic display is exempt from the trade name and phone requirement?
- A. A video tour longer than one minute
- B. A social media post of 200 characters or fewer that links to a full display with all required disclosures
- C. Any post on a personal social media account
- D. A full listing page on the broker's website
Question 3
Which account may hold property management funds?
- A. The associate broker's personal account
- B. A property management trust account
- C. The brokerage trust account used for sales
- D. The brokerage operating account
Catalog facts may change. Verify with primary sources. Explore New Mexico exam prep.