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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

New Mexico Real Estate State Requirements

Associate Broker Licensing

Requirements to Obtain an Associate Broker License:

  • Be at least 18 years of age 
  • Be a legal resident of the United States. State residency is not required.
  • Complete 90 hours of approved education consisting of 30 hours in Real Estate Law, 30 hours in Real Estate Principles and Practice and 30 hours of Broker Basics (or if currently licensed in another state contact the New Mexico Real Estate Commission for possible waiver letter).
    • All 90 hours must be completed prior to taking the state exam.
  • An Associate Broker is licensed to act on behalf of a Qualifying Broker, and may not act as a real estate agent independently.
  • Take and pass both the national portion and the state portion of the licensing exam.
  • For more information about the exam please visit: www.psiexams.com
  • Within six months of passing the licensing exam you must submit your licensing application, send required documentation and pay appropriate fees.
  • For more information regarding the application process please visit: New Mexico Boards and Commissions

Qualifying Broker Licensing 

Requirements to Obtain a Qualifying Broker License:

  • Non-Supervisory Qualifying Broker applicant must have been active as an Associate Broker or Salesperson for at least two of the last five years.
  • Supervisory Qualifying Broker applicant must have been active as an Associate Broker or Salesperson for at least four of the last five years
  • To obtain your license, you will need to complete:
  • Broker Basics (30 Credit Hours) (not required if licensed as an Associate Broker in New Mexico after January 2006)
  • Brokerage Office Administration (30 Credit Hours)
  • Documented qualifying transactional experience totaling 100 points, with at least one transaction accomplished during each of the four years.
  • Completion of the eight-hour Understanding and Using RANM Forms course, or at least eight hours of other commission approved contract courses
  • Completion of a minimum of eight hours of elective courses in the professional track of the applicant
  • Attendance at one New Mexico real estate commission meeting, public hearing, or disciplinary hearing
  • For more information regarding the application process please visit: New Mexico Boards and Commissions

The New Mexico Real Estate Commission requires a background check on all applicants for Brokers license (new or renewal). Fingerprinting is a required part of the background check and is handled through the Live Scan system administered by 3M Cogent.

You must register at www.cogentid.com before you complete the live fingerprint scan for matching with a national arrest record database. Fingerprinting shall be done no earlier than 21 days prior to submitting documents to apply for your license. You may find a full Fingerprint Source List for New Mexico Residents on the commission’s website at www.rld.state.nm.us/boards/Real_Estate_Commission_Requirements_and_Continuing_Education.aspx.

Continuing Education

All active and inactive associate brokers and qualifying brokers shall successfully complete a minimum of 36 hours of continuing education in courses approved by the commission during each licensing cycle.
4-hour NMREC Core Course – to be completed annually (totaling 12-hrs during each 3-year licensing cycle)
4-hour Ethics Course – to be completed once during each 3-year licensing cycle
Additional Associate Brokers Requirements
4-hour Core Elective Course – to be completed once during each 3-year licensing cycle
In addition to the above those associate brokers involved in residential property management for others must also complete the below listed requirements:
Completion of the commission approved course, Uniform Owner/Resident Relations Act, or commission approved equivalent property management related course, prior to offering property management services, and during every subsequent 3-year licensing cycle.
Associate brokers in addition shall complete a minimum of 6-hours of approved continuing education courses in property management during each 3-year licensing cycle.
While qualifying brokers are already subject to the meeting attendance requirement for license renewal, associate brokers who offer or intend to offer property management services shall also be subject to the same meeting attendance requirement.

Additional Qualifying Brokers Requirements
8-hours in Core Elective Courses – to be completed during each 3-year licensing cycle
All qualifying brokers must take the Qualifying Broker Refresher Course once during each 3-year licensing cycle.
Attendance at one Commission meeting, rule hearing, or disciplinary hearing for a minimum 3 hours, or until the commission goes into executive session, or the hearing/meeting ends, whichever comes first. Attendance may be by live meeting/hearing or by live or recorded distance broadcast, but must be documented by signing into and out of the meeting/hearing.
In addition to the above those qualifying brokers involved in residential property management for others must also complete the below listed requirements:
Completion of the commission approved course, Uniform Owner/Resident Relations Act, or commission approved equivalent property management related course, prior to offering property management services, and during every subsequent 3-year licensing cycle.
Qualifying brokers in addition must complete a minimum of 12-hours of approved continuing education courses in property management during each 3-year licensing cycle.