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New Mexico Real Estate Sales Person Exam Review and Study Guide

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In order to conduct real estate activities in New Mexico you must have either a New Mexico Qualified Broker license or an Associate Broker license.

The New Mexico Real Estate Broker Exam is split into two parts.  The first part is the real estate broker national exam and the second part is the real estate broker state specific exam.  The national portion of the New Mexico Real Estate broker exam is comprised of 80 questions.  In order to pass the exam an examinee must answer 60 out of the 80 questions correct to pass.  The time limit allowed to complete the Real Estate Broker National Portion is 120 minutes.

The state specific part of the New Mexico Real Estate Broker Exam is comprised of 50 questions and an examinee must answer 38 questions correct to pass.  The time limit allowed for the state specific part of the New Mexico Real Estate Broker Exam is 60 minutes.

Real Estate Broker Exams in New Mexico are administered by PSI exams at www.psiexams.com.  Before taking the New Mexico Real Estate Broker Exam you must first receive an eligibility notice from the PSI Inc..  You get this by submitting a New Mexico Real Estate Broker application. 

In New Mexico if you pass one part of the Real Estate Broker Exam you are permitted to take and pass a subsequent part at a later date.  Keep in mind that there is a 90 day time limit to retake one or both parts of the exam without having to submit another application and without having to pay another application fee. 

The New Mexico real estate broker exams are taken by computer and you will receive your results immediately after finishing the exam.  The exam is closed book.  Remember to bring two forms of ID as well as a simple functioning calculator to the exam site.

The fee to take the New Mexico real estate broker exam is 95 dollars.

New Mexico Real Estate Commission
5200 Oakland Ave. NE, Suite #B
Albuquerque, NM 87113
New Mexico Real Estate Commission Telephone Number (505) 222-9820, Fax (505) 222-9886 Toll free number (800) 801-7505
http://www.rld.state.nm.us/RealEstateCommission/index.html

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