Step 1: Take the 90-hour Pre-license education courses
All New Mexico real estate broker candidates must take a Commission-approved total of 90 hours of pre-licensing courses. The pre-license education requirements break into (3) 30-hour sections:
- Real estate Principles and Practice
- Real estate law
- Broker basics
You will receive a certificate of completion for each of the three courses. These courses must be completed within three years of the application to take the broker's examination. Find an approved pre-licensing education provider for your courses.
Step 2: Apply to take the state licensing exam
After completing your 90 hours of education, you must apply to take the brokers examination to the state examination contractor, PSI. Find the examination registration form at the end of the Candidate Information Bulletin on PSI. You will have to submit your certificates of completion from the three pre-licensing courses with your application form.
Once PSI approves your examination eligibility, you will be sent an eligibility postcard with instructions on scheduling your state exam.
PSI recommends online scheduling as the quickest way to schedule your exam. Telephone scheduling is available by calling (855) 557-0621 Monday-Friday from 5:30 am-6 pm MST and weekends 7 am-3:30 pm MST. You also have options for standard mail, fax, and email registration with the details available in the Candidate Information Bulletin. The examination fee is $95, made payable to PSI via credit card.
New Mexico has test centers in Albuquerque, Farmington, Las Cruces, Roswell, Santa Fe, as well as some locations in Colorado and Texas. Specific addresses and directions are in the Candidate Information Bulletin.
Step 3: Take the state licensing exam
Bring to the testing center two forms of identification. One of these forms of identification must be a government-issued ID with your photograph or physical description and your signature. All of your identification must match the name on your testing eligibility letter.
About the New Mexico Broker Exam:
- The national section has 75 questions worth 80 points. You must answer 60 correctly. The time allowed is 120 minutes.
- The state section has 50 questions. A passing score is 38 correct, and you have 60 minutes to answer.
- Your test may have 5 to 10 unscored experimental questions. These questions will not be marked.
The Candidate Information Bulletin contains content outlines and the percentage of questions asked and each topic area.
You must pass the New Mexico broker exam with a minimum score of 75%. Immediately upon finishing your exam, your score will appear on the screen. You also receive a printed score report.
