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Real Estate License Exam

New Mexico Real Estate License Exam Requirements

90 hours of pre-licensing education. Exam administered by PSI Exams. Licensed by the New Mexico Real Estate Commission.

Exam Details

Licensing BodyNew Mexico Real Estate Commission
Exam ProviderPSI Exams
Pre-Licensing Hours90 hours
National Questions85 questions
State Questions50 questions
National Passing Score75%
State Passing Score75%
Exam Fee$95
Application Fee$270

How New Mexico Compares Nationally

  • New Mexico requires 90 pre-licensing hours, above the national median of about 75.
  • The $95 exam fee is above the national median of about $75.
  • You need 75% on the national portion — higher than the 70% many states require.

Key Notes for NM

90 hours pre-licensing. New Mexico has unique land title issues tested on the state exam due to historical Spanish and Mexican land grants.

How to Prepare for the New Mexico Real Estate Exam

After completing your 90-hour pre-licensing course, dedicate 2–3 weeks to exam-specific practice before scheduling your PSI Exams appointment. Focus on the topics most commonly missed: commission and proration calculations, agency law (fiduciary duties, dual agency rules), Fair Housing Act protected classes, and contract law (offer, acceptance, consideration, contingencies). VoltExam lets you start practice in the browser, review explanations by topic, and test your readiness before booking your state exam.

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Practice for the New Mexico real estate exam

Use this state guide to plan your licensing steps, then drill national and state real estate topics in your browser with calculator tools. Web access and native app purchases are separate.

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New Mexico Real Estate Exam — Frequently Asked Questions

How many hours of pre-licensing education are required for a real estate license in New Mexico?

New Mexico requires 90 hours of pre-licensing education before you can sit for the real estate salesperson exam. The exam is administered by PSI Exams with a passing score of 75% and an exam fee of $95.

Who administers the New Mexico real estate license exam?

The New Mexico real estate license exam is administered by PSI Exams on behalf of the New Mexico Real Estate Commission. The exam fee is $95 and the passing score is 75%.

What is the best app to study for the New Mexico real estate exam?

VoltExam offers New Mexico real estate exam prep on the web with national and state practice questions, explanations, licensing guidance, and a built-in commission calculator. Native iOS and Android apps are separate purchases for offline mobile study.