West · Real Estate License
New Mexico
Salesperson License Requirements
90
Pre-Licensing Hours
classroom or online
$409
Est. Total Cost
fees only (excl. education)
6–20 weeks
Timeline
start to license
3 years
Renewal Cycle
36 CE hours required
Step-by-Step Licensing Process
Complete 90-Hour Pre-Licensing Course
Take an NMREC-approved 90-hour course covering real estate principles, practice, and NM law.
Estimated time: 4–12 weeks
Submit Application to NMREC
Submit application with $270 fee and background check documents. NMREC must approve before scheduling exam.
Estimated time: 2–4 weeks
Complete Background Check
Submit fingerprints for state and federal background check.
Estimated time: 2–4 weeks
Pass the PSI Licensing Exam
Schedule at PSI. Pay $95 exam fee. Pass both National (75%) and State (75%) sections within 90 days of approval.
Estimated time: 1–2 weeks
Affiliate with a Qualifying Broker
Secure a sponsoring qualifying broker to activate license.
Estimated time: 1–4 weeks
Complete 30-Hour Post-Licensing
Required within first year of licensure.
Estimated time: Within 12 months
Pre-Licensing Education
Hours Required
Verified90 hours of NMREC-approved pre-licensing education. Includes Real Estate Principles and Practice, NM real estate law, and related topics.
Required Topics / Courses
- Real Estate Principles and Practice (90 hrs — property law, ownership, contracts, agency, financing, closings, appraisal, fair housing, NM-specific law)
Provider type: NMREC-approved education providers
View approved education providers →Find Approved Pre-Licensing Schools
Online education providers offering New Mexico-approved pre-licensing courses. Compare options to find the best fit for your schedule and learning style.
Kaplan Real Estate Education
Established education brand offering pre-licensing courses with live online and on-demand options.
The CE Shop
Nationally recognized online school offering courses in 47 states plus DC with interactive content.
LicenseMap may earn a commission when you enroll through links on this page. This does not affect our editorial independence — providers are listed alphabetically with no rankings or preferential placement.
Licensing Exam
Exam Provider
PSI Services
Format
Computer-based, multiple-choice. In-person at PSI test centers.
| Section | Questions | Time | Passing Score |
|---|---|---|---|
| National | 75 | 150 min | 75% |
| State (New Mexico) | 50 | 90 min | 75% |
| Total | 125 | 240 min | — |
Retake policy: Must pass both sections within 90 days of application approval. May retake failed section(s). $95 per attempt.
75% passing score required on both sections. Must pass within 90 days of NMREC application approval or application expires. Test centers in Albuquerque, Las Cruces, and other locations.
Schedule your exam →Exam Prep Resources
Practice tests and study tools to help you pass the New Mexico real estate licensing exam on your first attempt.
PrepAgent
State-specific practice exams, audio lessons, and flashcards covering both national and state portions.
LicenseMap may earn a commission when you enroll through links on this page. This does not affect our editorial independence — providers are listed alphabetically with no rankings or preferential placement.
Fee Breakdown
| Fee | Amount | Paid To | Status |
|---|---|---|---|
| License Application / Issuance Fee | $270.00 | NMREC | |
| Exam Fee (per attempt) | $95.00 | PSI Services | |
| Background Check / Fingerprinting | $44.00 | DPS / Vendor | |
| Estimated Total | $409.00 | Excludes education costs |
Requirements
Minimum Age
18 years old
Education
High school diploma or equivalent
Residency
Not required
Non-residents may obtain a New Mexico license.
Citizenship
US citizen or legal resident
Background Check
Required
State and federal fingerprint-based background check required.
Sponsoring Broker
Required
Must affiliate with a New Mexico qualifying broker.
Reciprocity
New Mexico has reciprocity agreements
Type: Limited Reciprocity (Broker-Level Only)
Reciprocal States (3)
Georgia
Broker-level reciprocity only. State exam may still be required.
Louisiana
Broker-level reciprocity only. State exam may still be required.
Massachusetts
Broker-level reciprocity only. State exam may still be required.
Reciprocity primarily applies to broker-level licenses, not salesperson. Salesperson applicants from other states must generally meet full NM requirements.
Renewal & Continuing Education
Renewal Cycle
Every 3 years
Continuing Education Hours
36 hours per renewal cycle
Renewal Fee
$270.00
First Renewal Notes
Must complete 30 hours of post-licensing education within first year of initial licensure.
Deadlines
Triennial renewal. License expires 3 years from issuance date.
Find Continuing Education Courses
New Mexico requires 36 hours of continuing education every 3 years. These providers offer approved CE courses online.
Colibri Real Estate
Comprehensive CE packages available in all 50 states plus DC, with live and on-demand options.
Kaplan Real Estate Education
Established provider with CE packages including live online and on-demand formats.
The CE Shop
Industry-leading CE courses available nationwide with interactive content.
LicenseMap may earn a commission when you enroll through links on this page. This does not affect our editorial independence — providers are listed alphabetically with no rankings or preferential placement.
Sources
https://www.rld.nm.gov/boards-and-commissions/real-estate-commission/
Accessed: Feb 24, 2026
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https://www.usrealtytraining.com/blogs/new-mexico-real-estate-exam
Accessed: Feb 24, 2026
No publication date visible