New Mexico Real Estate Cheat Sheet.
The night-before summary, built like the exam.

The numbers to remember

• National portion: 75 questions, 120 minutes, 60 correct to pass (worth 80 points due to weighted questions)
• State portion: 50 questions, 60 minutes, 38 correct to pass
• Minimum passing score: 75% on each portion, scored separately
• 5–10 experimental questions may appear and won't count against you
• Exam fee: $95 for both portions, paid to PSI Services LLC, the state's exam vendor
• Prelicensing education required: 90 hours total (30 principles/practice + 30 law + 30 broker basics), completed within 3 years of applying to test
• Minimum age to hold a license: 18; no minimum age to sit for the exam
• Eligibility to test expires 1 year after PSI receives your original application submission
• Pass one portion, not the other? You get 90 days to pass the remainder before both must be retaken
• After passing both portions, you have 6 months to submit your license application

Content domains and weights

National portion: Contracts 19%, Agency 13%, Practice of Real Estate 12%, Property Ownership 10%, Financing 9%, Valuation 8%, Property Disclosures 7%, Real Estate Calculations 6%, Transfer of Title 6%, Land Use Controls 5%, Property Management 5%.

State portion (by item count out of 50): Broker Duties/Disclosure/Brokerage Relationships 15, Real Estate Commission Regulations 15, Additional State-Required Topics 7, Licensing Requirements 7, Real Estate Commission 6.

High-yield review areas

• Contracts, Agency, and Practice of Real Estate together are roughly 44% of the national portion — your single biggest payoff for study time
• Broker Duties/Disclosure plus Commission Regulations are 30 of 50 state questions — over half the state portion
• Real Estate Calculations is only 6% but is formulaic (prorations, LTV, commission splits) — drill it rather than memorize it
• License path: this exam licenses you as an Associate Broker, New Mexico's entry-level license; Qualifying Broker is a separate, later upgrade

Top traps

• Don't confuse the national score (60 of 75, 80 possible points) with the state score (38 of 50) — they're separate pass/fail thresholds, not a combined average
• Missing the 90-day window to pass your second portion resets both portions to zero — you'll retake everything
• New Mexico does not offer reciprocity for an out-of-state salesperson license, though it does have reciprocal agreements with Georgia, Louisiana, and Massachusetts for certain license holders
• Practicing without a license is a fourth-degree felony carrying a $5,000 fine and up to 18 months imprisonment — don't let your application deadline (6 months post-passing) or 1-year eligibility window lapse
• Failing only one portion means you retake only that portion — you don't have to redo a portion you already passed, as long as you're still inside the 90-day window