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Minnesota vs New Mexico for Broker Licensing

Total Fees
$258
MN
vs
$424
NM
Pre-Licensing
90 hrs
MN
vs
90 hrs
NM
Timeline
6-12 wks
MN
vs
8-16 wks
NM

Side-by-Side Comparison

Category Minnesota New Mexico
Total Fees $258 $424
Pre-Licensing Hours 90 hrs 90 hrs
Processing Time 6-12 weeks 8-16 weeks
Renewal Cycle 2 years 3 years
Renewal Fee N/A $270
CE Hours 30 hrs 36 hrs
Reciprocity None None

Key Differences

Cost

Minnesota is $166 cheaper for total licensing fees.

Winner: Minnesota

Processing Speed

Minnesota processes applications in 6-12 weeks.

Winner: Minnesota

Category Winners

Lower Cost
Minnesota $258
vs New Mexico ($424)
Fewer Hours
Minnesota 90 hrs
vs New Mexico (90 hrs)
Faster Processing
Minnesota 6-12 wks
vs New Mexico (8-16 wks)

Minnesota

Minnesota Department of Commerce

Official Website →

New Mexico

New Mexico Real Estate Commission

Official Website →

Compare More States

Compare Minnesota Broker License

Compare New Mexico Broker License