New Mexico Associate Broker Exam Exam Guide
At a glance
- Passing score
- 75% (national 60 of 75; state 38 of 50…
- Exam fee
- $95
- Governing body
- New Mexico Real Estate Commission
The New Mexico Associate Broker Exam is the entry-level real estate licensing test administered on behalf of the New Mexico Real Estate Commission. It's taken by prospective agents who have completed the state's required prelicensing coursework and are ready to apply for their first real estate license.
Overview
The exam is split into a national portion and a New Mexico state portion, each scored separately. The national portion weights its content areas as follows:
- 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%
The state portion focuses on New Mexico-specific law and covers Broker Duties, Disclosure and Brokerage Relationships (15 items), Real Estate Commission Regulations (15 items), Licensing Requirements (7 items), Additional State-Required Topics (7 items), and the Real Estate Commission itself (6 items).
Cost and registration
The exam fee is $95, which covers both examination portions no matter whether a candidate sits for one or both in the same appointment.
Exam format
Candidates face a 75-question national portion (120 minutes, 60 correct answers needed out of a possible 80 points) and a 50-question state portion (60 minutes, 38 correct answers needed). Both portions require a minimum score of 75% and are passed independently, so a strong score on one does not offset a weak score on the other.
Frequently asked questions
Who administers the New Mexico Associate Broker exam?
The New Mexico Real Estate Commission contracts with PSI Services LLC to handle exam approval and test administration.
How much does the New Mexico Associate Broker exam cost?
The exam fee is $95, which covers both examination portions regardless of whether you take one or both at a sitting.
What education is required before I can sit for the exam?
Candidates need 90 hours of commission-approved prelicensing education, split into 30 hours each of real estate principles and practice, real estate law, and broker basics, completed within three years of applying to test.
Is there a minimum age to take or hold the New Mexico broker exam?
There's no minimum age to sit for the exam itself, but you must be at least 18 years old to actually receive a license.
What happens if I fail one portion of the exam?
You only need to retake the portion you failed, not both, and you must do so within 90 days of your first attempt to keep your passing portion valid.
How long is my exam pass valid before I have to apply for a license?
Your exam eligibility expires one year from when PSI receives your original application, and once you pass, you generally have six months to submit your broker license application.
Sources
- 1.New Mexico Real Estate Commission Candidate Information Bulletin (PSI Services LLC), updated 10/30/2024 — New Mexico Real Estate Commission (accessed Aug 10, 2026)
- 2.New Mexico RLD | Real Estate Commission Licensing Services — New Mexico Real Estate Commission (accessed Aug 10, 2026)
- 3.Real Estate Regulatory Agencies Directory — ARELLO
- 4.Real Estate Licensing Practice Tests — Pearson VUE
- 5.PSI Real Estate Exam Scheduling — PSI
Official sources
Every exam fact on this page traces to a primary document published by the body that administers the exam.
- New Mexico Real Estate Commission Candidate Information Bulletin (PSI Services LLC), updated 10/30/2024New Mexico Real Estate Commissiontest-takers.psiexams.com
- Real Estate Commission | FAQs | NMRLDNew Mexico Real Estate Commissionrld.nm.gov
- Real Estate Commission Fees | NM Regulation and Licensing Dept.New Mexico Real Estate Commissionrld.nm.gov
- New Mexico RLD | Real Estate Commission Licensing ServicesNew Mexico Real Estate Commissionrld.nm.gov
Last verified against the official exam content outline: