Licensing facts · 2026
New Mexico real estate license timeline
Entry license is Associate Broker: RLD fee $270 (3-yr) + $30 recovery fund. Exam $95 (PSI). Fingerprinting ~$59 (secondary). Mandatory E&O via state group policy ~$380/yr (RealEstateU, policy period ended 1/1/2026 - re-verify). 90-hr prelicense. Qualifying Broker: 2 of last 5 yrs as active associate broker + 120 hrs (four 30-hr courses incl. Broker Basics and Brokerage Office Administration) + PSI exam; same $270 fee. NM associate-broker exam and broker exam appear to be the same PSI national+state format; broker exam timing not stated. No transfer tax (rate 0, payer field n/a). No published pass rates found.
- Required education hours
- 90
- Typical weeks low
- 8
- Typical weeks high
- 16
Sources
- https://test-takers.psiexams.com/api/content/bulletin/998
- https://www.rld.nm.gov/boards-and-commissions/individual-boards-and-commissions/real-estate-commission/fees/
- https://realestateu.com/real-estate/guides/new-mexico-real-estate-license-cost
- https://www.nmlegis.gov/Sessions/08%20Regular/firs/SB0160.html
Last verified: 2026-10-23