How to Become a Real Estate Agent in New Mexico
90 hours of pre-licensing education, then the PSI exam. State fees come to $409, on top of a course starting at $299.
Requirements set by New Mexico Real Estate Commission (NMREC).
The steps, in order
- 1
Check you're eligible
New Mexico requires you to be at least 18. Minimum education: High school diploma or GED.
- 2
Complete 90 hours of pre-licensing education
New Mexico Real Estate Commission (NMREC) requires 90 hours from an approved school before you can sit the exam.
- 3
Pass the PSI licensing exam
New Mexico uses PSI. The exam is 125 questions, split 75 national and 50 state. The exam fee is $95.
- 4
Submit fingerprints and a background check
New Mexico charges $44 for fingerprinting and the background check.
- 5
Apply for your license
The application fee is $270, paid to New Mexico Real Estate Commission (NMREC).
- 6
Keep the license current
New Mexico requires 36 hours of continuing education every 3 years to renew.
Worth knowing about New Mexico
New Mexico does not use the title 'salesperson' or 'agent.' Entry-level licensees are called Associate Brokers.
Next steps
New Mexico Real Estate License FAQ
How many hours of real estate school does New Mexico require? ▾
New Mexico Real Estate Commission (NMREC) requires 90 hours of approved pre-licensing education before you can sit the licensing exam.
How much does a New Mexico real estate license cost? ▾
New Mexico charges $409 in state fees: $95 exam fee, $270 application fee, $44 fingerprinting. Your course is the other half of the cost and is priced by the school, not the state.
What are the requirements to get a real estate license in New Mexico? ▾
You must be at least 18 and have: High school diploma or GED, complete 90 hours of pre-licensing education, and pass the PSI licensing exam.
What is on the New Mexico real estate exam? ▾
New Mexico uses PSI. The exam is 125 questions: 75 on national real estate practice and 50 on New Mexico law.