New Mexico Real Estate Agent License
Complete requirements guide for New Mexico
Pre-Licensing Education
Complete 90 hours of NMREC-approved pre-licensing education divided into three 30-hour courses.
Required Courses (90 hours total):
- • Real Estate Principles and Practice (30 hours)
- • Real Estate Law (30 hours)
- • Broker Basics (30 hours)
New Mexico uses the term 'Associate Broker' for what other states call salesperson or agent.
State Examination
Exam Name
New Mexico Associate Broker Examination
Provider
PSI
Format
80 national questions (2 hours), 50 state questions (1 hour)
Passing Score
75% on each section (60/80 national, 38/50 state)
Exam Fee
$95
Retake Policy: Must pass both portions within 90 days of first attempt. Have 6 months to apply after passing.
Background Check
Type: Fingerprint-based state and national background check via IdentoGO
Cost: $59
Sponsoring Broker
Must be affiliated with a qualifying broker to practice as an active associate broker
Fee Breakdown
| Examination Fee | $95 |
| Application Fee | $270 |
| Fingerprinting | $59 |
| Total Fees | $773 |
Total includes: $270 application, $95 exam, $59 fingerprinting, plus approximately $349 for required E&O insurance
License Renewal
Renewal Cycle
Every 3 years
Renewal Fee
$270
CE Required
36 hours
Online Renewal
Yes
36 hours including: 12 hours of NMREC core courses (4 hours annually), 4-hour Ethics course, and 16 hours electives (max 10 hours in training category)
License Reciprocity
No direct reciprocity, but out-of-state licensees may be exempt from Real Estate Principles, Real Estate Law courses, and the national exam portion if they provide certified license history.
New Mexico Real Estate Commission
- Official Website
- (505) 476-4500
- Apply Online
Helpful Tools
Upgrade to Broker
Requires 4 years active associate broker experience, 30-hour Brokerage Office Administration course, 8-hour contracts course, 8 hours core electives, and attendance at one NMREC meeting. State exam only required.
- • 4 years experience required
- • 46 additional education hours
- • Broker exam required
Last verified: 2026-01-12