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Easily Pass the New Mexico State Exam
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Welcome to the NM real estate exam "Cliff Notes".
Get the specific information you need to succeed at the state exam.
Practice the lessons you need the most, focusing your studies..
Review the key concepts tested on the NM National and State exam.
Be prepared for test day with six practice exams.
Commonly Asked Questions on the New Mexico Real Estate Exam
The New Mexico real estate licensing exam consists of two portions: a national portion with 75 questions (worth 80 total points, as some questions are scored up to two points) administered in 120 minutes, and a state portion covering New Mexico-specific real estate law and regulations. Candidates must score at least 75% on both portions, and both portions must be passed within 90 calendar days of the first attempt. PSI administers the exam on behalf of the New Mexico Real Estate Commission, and the fee is $95 per attempt.See the answer for every state
The PSI Candidate Information Bulletin for New Mexico outlines the content topics tested on both the national and state portions of the broker's exam. The national portion covers property ownership, land use controls, financing, valuation and market analysis, agency principles, contracts, transfer of title, and real estate calculations. The state portion covers the New Mexico Real Estate Commission, licensing requirements, broker duties and disclosure, and state-specific topics such as property taxes. Completing the 90 hours of pre-licensing coursework covers the exam content, and reviewing the bulletin's outline helps focus study.See the answer for every state
PSI is the examination contractor for the New Mexico Real Estate Commission. Candidates register for the broker's examination through PSI, and the exam fee is $95 per attempt, paid directly to PSI. PSI offers testing at accredited test centers nationwide and through secure online proctoring for remote testing. PSI's real estate exam content is ARELLO-accredited.See the answer for every state
How long does it take to get real estate exam results in New Mexico? You'll know how you did on your New Mexico broker licensing exam as soon as you finish. Your score will appear on the screen, and you'll leave the testing center with a printed score report. If you have failed one or both test sections, you will see diagnostic information on your strengths and weaknesses. You can be registered and scheduled for the New Mexico broker license exam within an hour. Online scheduling is the quickest and easiest way to schedule the exam. You can also be scheduled within an hour by calling PSI at 855-557-0621. If you choose standard mail, fax, or email, the process will take longer.See the answer for every state
What to do after passing real estate exam in New Mexico? Congratulations on passing the New Mexico broker exam. Your next steps will be to submit your fingerprints for a background check. You also need to begin the process of interviewing with licensed real estate employing brokers. Purchase E&O insurance or ask your qualifying broker to provide a Certificate of Insurance regarding current coverage. Finally, you have six months to turn in the license application form found at the end of the Candidate Information Bulletin or on the NMREC website under forms and to pay the non-refundable license application fee.See the answer for every state
Can you use a calculator on real estate exam in New Mexico? You don't need to, but you can. Only non-programmable calculators that are silent, battery-operated, do not have paper tape printing capabilities, and do not have a keyboard containing the alphabet will be allowed in the examination site.See the answer for every state
What to bring to real estate exam in New Mexico? Arrive 30 minutes early to the test center and bring with you two forms of identification. PSI requires primary identification to be government-issued, such as your state driver’s license or ID card, a US government-issued passport or military identification card, or an issued alien registration card. Bring a second form of Primary ID or another secondary identification, such as a credit card, debit card, or wholesale store card. All ID cards must be signed.See the answer for every state
The broker exam fee is $95 per attempt, paid directly to the exam provider. This fee applies each time a candidate takes the exam, whether for one or both portions.See the answer for every state