New Mexico requirements for Broker Associate [Salesperson] License
NEW MEXICO REAL ESTATE ASSOCIATE BROKER'S LICENSE
Examination and License Application Requirements
The New Mexico Real Estate Commission issues two types of real estate broker’s licenses; an associate estate broker's license and a qualifying broker's licensee. Both types of licenses are issued to individuals. There is no corporate real estate broker's license in New Mexico.
An associate broker can hold only one associate broker's license and be affiliated with one qualifying broker at a time.
The requirements for obtaining licenses are described below.
Examination Application
Prior to applying for an associate broker's license, an applicant must pass the real estate broker's examination prescribed by the Commission.
Applications to take the broker's examination are made directly to the Commission's examination contractor on a form prescribed by the Commission and provided by the contractor in a Candidate Information Bulletin. Along with the application form, an applicant must submit certificates of completion of Commission-approved 30-hour pre-licensing courses each in
- Real Estate Principles and Practice
- Real Estate Law
- Broker Basics
no longer than three (3) years prior to making application to take the broker's examination.
Applicants are required to pass both the state and national portions of the examination with a minimum score of 75 no later than 90 calendar days after the first time they took the examination. Applicants failing to pass both portions of the examination within this time frame will be required to re-take and pass both portions of the examination before being eligible to apply for a broker's license.
License Application
Upon passing both portions of the New Mexico real estate broker's examination, an individual has six months to apply for an associate broker's license on the application form prescribed by the Commission.
An applicant for an associate broker's license shall be a legal resident of the United States and have reached the age of majority in New Mexico or in the state in which the applicant resides.
From the New Mexico state site: Click here for more information
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