Hello, welcome to our New Mexico Real Estate Practice Exam. This free practice exam is here to help you master the state-specific portion of the New Mexico real estate exam. In New Mexico, there are 130 questions on the exam (80 national and 50 state). For help with the national we have our national practice quiz. That section can be used to study the topics featured on those 80 questions. For help with the state portion you're in the right place! This section can be used to study the topics featured on those 50 questions. The two most effective study tools for the New Mexico state exam portion are using real estate practice exams, and learning New Mexico state-specific license laws. Our state-specific practice exam is a fantastic tool to help you grasp your state's real estate topics. It works just like the national practice exam and is updated annually. Usually, using the state practice exam is enough for students to grasp the concepts. However, if you want more, the single most important resource out there is the laws they base the questions on. If you haven't looked at your state's Real Estate Statutes or Regulations, it's strongly recommended. The test makers take snippets of laws applicable to your state and use them for the questions. We use the actual state laws to create our questions, which is why some of the questions may look familiar to you. Some websites and prep providers do not, and that's the secret. You need to know your state's laws. Furthermore, It would be best if you read through your laws at least once, and that's the greatest advice we can give you. Trust us, we know it can be very time-consuming, but reading through each one of these will provide you with precisely the information you need to pass. Best of luck, reach out if you need anything, Real Estate License Wizard Team
New Mexico Real Estate Statutes and Regulations
Here is our list of recommended Real Estate Statutes and Regulations you need to know:
- New Mexico Real Estate License Law and Real Estate Commission Rules https://www.rld.state.nm.us/uploads/files/000%202021%20Rule%20Book%20FINAL%20Based%20on%20Changes%20Effective%20Jan%203%202021%202.pdf
- New Mexico Human Rights Act https://www.dws.state.nm.us/en-us/Businesses/Rules-and-Regulations/Labor-Relations-FAQs/category/human-rights
- New Mexico Real Estate Commission https://www.rld.nm.gov/boards-and-commissions/individual-boards-and-commissions/real-estate-commission/
NOTE: State websites update semi-frequently, and sometimes their website URLs change. If any of the links posted below do not work, please reach out, and we will update the links promptly. Thank you.
New Mexico Real Estate Exam FAQs
Have a question about the real estate exam? Find the answers to all your real estate license questions here:
What are New Mexico’s Real Estate License Requirements?
Real estate license requirements vary from state to state. Here are New Mexico’s requirements:
- Must be 18 years or older.
- Must obtain and submit copy of your own fingerprints.
- Must complete required state approved pre-licensing courses (30 credit hours).
- Estimated cost of total fees and license: $365
How Hard is the New Mexico Real Estate Exam?
The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. To pass the exam in New Mexico, with a total of 130 questions (80 national and 50 state), that means the score to pass is 60 for the national and 38 for the state.
How Many Questions Can You Miss on the New Mexico Real Estate Exam?
In New Mexico, you can miss 20 questions on the national and 12 on the state and still pass the real estate exam.
How Many Times Can You Take the New Mexico Real Estate Exam?
There are no limits to the number of times you can take your real estate exam, but it must be passed within 90 days after passing the first section, or you have to retake both.
What Is on the New Mexico Real Estate Exam?
The 130 multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to New Mexico real estate license law. Here are what topics you are expected to know:
New Mexico State Portion:
- New Mexico Real Estate Commission
- New Mexico Requirements for a License
- New Mexico Brokerage Activities and Requirements
- New Mexico Fair Housing Law
- New Mexico Property Management
New Mexico National Portion:
- Property Ownership
- Land Use Controls and Regulations
- Valuation and Market Analysis
- General Principles of Agency
- Property Disclosures
- Leasing and Property Management
- Transfer of Title
- Practice of Real Estate
- Real Estate Calculations
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