Real Estate Qualifying Broker License in New Mexico
Quick Answer
New Mexico requires FINRA exams (Series 7 + Series 63/66), a background check, continuing education, and registration through the Regulation & Licensing Department's Securities Division.
- Exam
- FINRA Series 7 + Series 63
- Total Cost
- $500 (est.)
- Timeline
- 2-4 months
- Background Check
- Required
- Renewal
- Every Annually (December 31)
Requirements
Real Estate Qualifying Broker license in New Mexico
Estimated Costs Est.
- Exam Fee
- $305
- Total Estimated Cost
- $500
Cost Breakdown
Estimated costs for getting your Real Estate Qualifying 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 Qualifying Broker Salary in New Mexico
Entry Level
$47,580
Median
$59,130
Experienced
$125,710
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 Qualifying 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 — FINRA Series 7 + Series 63
- 4
Submit Your Application
File your application with the licensing agency.
- 5
Receive Your License
Processing typically takes 2-4 months.
Real Estate Qualifying Broker Licensing in New Mexico: What to Know
New Mexico registers broker-dealers and agents through the Securities Division of the Regulation & Licensing Department. The COS data confirms the listing for 'Broker/Dealer and Agent' covering licensed securities broker-dealers, financial advisers, and investment professionals. Registration requires continuing education, a background check, third-party (FINRA) exams, and no prior experience. All agents must pass the Series 7 and Series 63 or 66 exams and file through the CRD system under New Mexico's Securities Act (NMSA 1978, 58-13C).
Frequently Asked Questions
- How much does a Real Estate Qualifying Broker license cost in New Mexico?
- The estimated total cost is $500, including application fees, exam fees ($305), and education costs.
- How long does it take to get a Real Estate Qualifying 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 Qualifying Broker license in New Mexico?
- You need to pass the FINRA Series 7 + Series 63. State exam required
Considering another state?
Compare Real Estate Qualifying Broker requirements across states.
View all states →Data from CareerOneStop (DOLETA/DEED). Last updated: February 15, 2026.