To start, you must successfully complete 90 hours of Pre-Licensing real estate courses. These 90 hours are broken down into three 30-hour pre-licensing courses:

• Real Estate Principles and Practices

• Real Estate Law

• Broker Basics

After you complete all the course materials, meet the minimum time requirement, and pass the practice exam, there is a course final exam for each of the three courses. The minimum passing score is 75%.

Applicants are required to pass both the State and National portions of the New Mexico Real Estate Exam with a minimum score of 75% no later than 90 calendar days after the first time they took the examination.

Do you need help passing your New Mexico real estate exam? The CE Shop also offers comprehensive Exam Prep tailored to New Mexico. If you have any additional questions, visit our New Mexico real estate exam frequently asked questions page.

For more information, see the PSI Candidate Information Bulletin

After passing your licensing exam, you must become associated with a current and active sponsoring broker. This broker will be a career and education mentor providing you with an inside view into the day-to-day operations of a real estate agent.

Here are some questions to consider when searching for the right broker:

• What is their reputation, both locally and nationally?

• What kind of real estate agents are they looking for?

• Are they technologically advanced and up-to-date with the latest systems?

• How do they support their agents with education and training?

• What kind of commission structure do they offer?

• Do they offer benefits?

• Do they provide their agents with leads and marketing material?

• Is there room to grow with the brokerage?

You must have an E&O insurance policy in place before obtaining an active license. E&O insurance, also known as professional liability insurance, helps protect you from lawsuits that claim you made a mistake

Prior to being fingerprinted at one of the approved Live Scan sites, licensees are required to register on the vendor web site. Licensees need the New Mexico Real Estate Commission identifier number, which is NM920263Z, to register. Licensees may also register by phone at 1.877.996.6277. Fingerprints are submitted electronically, and you may pay the $44.00 fingerprint processing fee online using a credit or debit card at the time of registration, or pay the fee by money order or cashier’s check at the Live Scan site at the time of fingerprinting.

Lastly, to apply for your New Mexico real estate license, complete your application with the Real Estate Commission.