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. A 30-hour post-licensing New Broker Business Practices course is required in the first year.
State Examination
Exam Name
New Mexico Associate Broker Examination
Provider
PSI
Format
National: 75 questions (80 points), 120 minutes; State: 50 questions, 60 minutes; plus 5-10 unscored questions
Passing Score
National 60 of 80 points; State 38 of 50 correct
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 (ORI NM920263Z)
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 |
| Recovery Fund | $30 |
| Listed Fees | $454 |
Listed state fees: application $270 + recovery fund $30 + exam $95 + fingerprinting $59 = $454. Required E&O insurance (about $349/term) is a separate third-party cost and is excluded, so this is not a complete startup cost.
License Renewal
Renewal Cycle
Every 3 years
Renewal Fee
$270
CE Required
36 hours
Online Renewal
Yes
36 hours per 3-year cycle for associate brokers: 12 core (4/year), 4-hour ethics, 4 core electives, and 16 electives (max 10 hours in the training category).
License Reciprocity
No direct reciprocity. Out-of-state licensees may be exempt from the Real Estate Principles and Real Estate Law courses and the national exam portion if they provide a certified license history; licensees from some states (e.g., GA, LA, MA) may qualify for education waivers only. Contact the Commission.
New Mexico Real Estate Commission
- Official Website
- (505) 476-4622
- Apply Online
Helpful Tools
Compare New Mexico
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: 2026-09-05