Real Estate Associate Broker License in New Mexico
Quick Answer
To get a real estate license in New Mexico, you must complete 90 hours of pre-licensing education, pass the PSI exam, and pay approximately $300 in fees. New Mexico has a 3-year renewal cycle. The process takes 2-4 months.
- Education Required
- 90 hours
- Exam
- New Mexico Real Estate Salesperson Exam (PSI)
- Total Cost
- $300 (est.)
- Timeline
- 2-4 months
- Background Check
- Required
- Renewal
- Every 3 years
Requirements
Real Estate Associate Broker license in New Mexico
Estimated Costs Est.
- Application Fee
- $100
- Exam Fee
- $75
- Renewal Fee
- $100
- Total Estimated Cost
- $300
Cost Breakdown
Estimated costs for getting your Real Estate Associate Broker license in New Mexico. Values marked "Est." are extracted from official descriptions.
Enter the cost of your pre-licensing education program
Fees marked "Est." are extracted from official descriptions and may not reflect current pricing. Verify with the New Mexico licensing board.
Real Estate Associate Broker Salary in New Mexico
Entry Level
$36,080
Median
$79,790
Experienced
$155,370
Source: Bureau of Labor Statistics. Salary data is for informational purposes only.
How to Get Licensed
Step-by-step roadmap to becoming a licensed Real Estate Associate Broker in New Mexico.
- 1
Complete Education Requirements
Specific course required
- 2
Submit Background Check
Background check required
- 3
Pass the Required Exam
State exam required — New Mexico Real Estate Salesperson Exam (PSI)
- 4
Submit Your Application
File your application with the licensing agency. Application fee: ~$100.
- 5
Receive Your License
Processing typically takes 2-4 months.
Real Estate Associate Broker Licensing in New Mexico: What to Know
New Mexico issues a license to engage in real estate activities under the supervision of a licensed Broker. The state requires 90 hours of pre-licensing education. The New Mexico Real Estate Commission oversees licensing. The state has a 3-year renewal cycle. Albuquerque and Santa Fe are the primary markets. New Mexico's unique cultural heritage and tourism economy influence the real estate landscape, particularly in art communities and resort areas. The state requires 36 hours of CE per 3-year cycle.
Frequently Asked Questions
- How much does a Real Estate Associate Broker license cost in New Mexico?
- The estimated total cost is $300, including application fees, exam fees ($75), and education costs.
- How long does it take to get a Real Estate Associate Broker license in New Mexico?
- The process typically takes 2-4 months, depending on education completion and exam scheduling.
- What exam do I need for a Real Estate Associate Broker license in New Mexico?
- You need to pass the New Mexico Real Estate Salesperson Exam (PSI). State exam required
Considering another state?
Compare Real Estate Associate Broker requirements across states.
View all states →Data from CareerOneStop (DOLETA/DEED). Last updated: February 14, 2026.