State Practice Exam
New Mexico Real Estate Practice Exam
50 questions covering New Mexico real estate licensing topics with detailed explanations.
Question 1 of 50
What is the highest fine the NMREC can impose for a single violation?
This practice test is designed to help you prepare for the New Mexico Real Estate Salesperson exam in 2025. On this page, you’ll find a 125-question practice exam, a detailed review of the exam topics, up-to-date eligibility criteria, the latest laws, and essential preparation tips. Start the Real Estate Salesperson Practice Exam below to assess your knowledge.
Who is eligible to take the New Mexico Real Estate Salesperson license exam?
To qualify for the New Mexico Salesperson license exam, candidates must meet specific educational, legal, and procedural requirements:
- Complete the official application form (available on the 11th page of the New Mexico Real Estate Commission packet) and mail it to the Commission office.
- Finish three 30-hour pre-licensing courses: Real Estate Principles and Practice, Real Estate Law, and Broker Basics.
- Be at least 18 years of age.
- Hold legal residency in the United States.
- Submit the Fingerprint Certification Form and two fingerprint cards to the New Mexico Department of Public Safety (processing fee: $44).
- Provide a certificate of insurance showing current errors and omissions insurance coverage.
- Complete a 30-hour New Broker Business Practices course within one year after license issuance.
What’s on the New Mexico Real Estate Salesperson exam?
The New Mexico Real Estate Salesperson exam consists of 125 multiple-choice questions, 75 on the national portion and 50 on the state-specific portion. Topics include property ownership, agency, contracts, math calculations, New Mexico license law, brokerage relationships, and required disclosures.
New Mexico Real Estate exam topics
The table below are major licensing topics you’ll need to study:
National Portion
| Topic | Subtopics | Number of Questions (approx.) |
| Property Ownership | Types of ownership, rights, interests | 8 |
| Land Use Controls & Regulations | Public/private controls | 4 |
| Valuation & Market Analysis | Appraisal, pricing, market conditions | 5 |
| Financing | Loans, mortgages, lending laws | 6 |
| General Principles of Agency | Agency relationships, fiduciary duties | 8 |
| Property Disclosures | Hazard, environmental, other disclosures | 5 |
| Contracts | Listing, sales, leases, offers | 13 |
| Leasing & Property Management | Property management, lease types | 4 |
| Transfer of Title | Deeds, title transfer, recording | 5 |
| Practice of Real Estate | Fair housing, ethics, antitrust | 10 |
| Real Estate Calculations | Math for transactions, valuation | 6 |
State Portion
| Topic | Number of Questions |
| Real Estate Commission | 6 |
| Licensing Requirements | 7 |
| Real Estate Commission Regulations | 15 |
| Broker Duties, Disclosure & Relationships | 15 |
| Additional State-Required Topics | 7 |
What is the exam passing score?
The passing score for the New Mexico Salesperson exam is 75% for both the national and state sections. You must correctly answer at least 60 questions on the national portion and 38 questions on the state-specific portion. Your score will be displayed immediately after you complete the test, and a printed report is available at the test center.
What 2025 New Mexico Real Estate Laws Should You Know for the Salesperson Exam?
In 2025, New Mexico continues to require sellers to complete the state-mandated seller’s property disclosure form, with enhanced responsibilities to update it if new information emerges. Additionally, wholesaling remains legal under state rules, though it requires strict compliance with licensing requirements to avoid violations. These items are integral to the state-specific section of the salesperson exam, particularly under property disclosures and licensing law.
Below is a summary of the key 2025 laws:
| Name of Law or Rule | Brief Description | 2025 Status | Exam Relevance |
| Seller’s Property Disclosure – Residential | Sellers must fully disclose known property conditions and update as needed during sale. | No new changes for 2025, but the requirement remains strong with emphasis on updates. | Property Disclosures, Consumer Protection |
| Legal Status of Real Estate Wholesaling | Wholesaling—contract assignment for profit—is legal but must comply with licensure laws. | Confirmed legal in April 2025; sellers must not violate unlicensed practice regulations . | Licensing Law, Ethical Boundaries |
| Continuing Education Core Course (NMREC) | Brokers must complete education covering duties, disclosures, and legal updates. | 2025 CE includes legal updates and disclosures under core curriculum . | Indirect – Relevant for ongoing compliance |
| Brokerage Licensing & Reciprocity Rules | Sets educational hours, exam, licensing, and experience requirements. | No substantive changes in 2025; rules on 90-hour pre-licensing and reciprocity remain . | Licensing Requirements, Broker Duties |
How to prepare for the exam?
Improving your pass rate depends on understanding exam details, using trusted resources, reviewing key topics, and following a targeted study plan for New Mexico licensing.
Understanding New Mexico Salesperson exam details
New Mexico Real Estate exam structure and requirements is essential for effective preparation. Here is information you need to know:
- Time allotted: 3 hours total (2 hours for national, 1 hour for state)
- Exam format: Computer-based
- Exam fee: $95
- Licensing authority: PSI
- Where to take the exam: Albuquerque, Farmington, Las Cruces, Roswell, Santa Fe
Learning from prep resources
Use trusted study guides and platforms that align with New Mexico’s exam outline. Quality resources include:
Prep books
- New Mexico Real Estate License Exam Prep: All-in-One Review and Testing to Pass New Mexico’s PSI Exam by Stephen Mettling, David Cusic, and Ryan Mettling: A comprehensive guide including New Mexico-specific law reviews
- Principles of Real Estate Practice in New Mexico by Stephen Mettling and David Cusic: A foundational textbook adopted by New Mexico real estate schools, covering all required state-specific topics, licensing laws, national principles, agency, contracts, property ownership, and more.
Free practice test platforms
- Realtylicenseprep practice tests: offer national and 50-state exam simulations that mirror real test conditions and question types.
Other resources
- Video tutorials: explain complex topics step-by-step.
- Flashcards: effective for memorizing key terms and legal definitions.
- Joining a study group: provides discussion-based learning.
Follow study strategy
A structured study plan improves content retention and builds confidence under real exam timing. You can begin with core topics, then refine your approach based on past performance. The table below is a sample of 8‑week study plan:
| Week | Focus | Activities |
| 1 - 2 | Ownership & agency | Read outline, watch topic videos, flashcards |
| 3 - 4 | Valuation, financing, contracts | Practice questions + review wrong answers |
| 5 | Disclosures & ethics | Deep dive into cases & laws |
| 6 | Practice exams | Timed mock tests |
| 7 | Review weak areas | Re-study low-scoring sections |
| 8 | Final exam simulation | Full test practice under timed conditions |
Weak area analysis
- Review your score breakdown weekly.
- Focus additional study on areas below 70%.
- Review incorrect answers to understand mistakes deeply.
Mastering Real Estate math
There will bemath questions in the New Mexico Real Estate Salesperson exam. These questions are found in the national portion and typically focus on three area basic math concepts, calculations for transactions, calculations for valuation.
Since math questions can affect your result, focused practice is essential after reviewing the main topics. To prepare:
- Review formulas for commission, loan-to-value ratio, and property tax calculations.
- Solve sample problems with our practice tests.
- Use flashcards or guided quizzes to reinforce conversions and amortization steps.
Frequently Asked Questions
What’s the best way to practice and memorize for the New Mexico real estate exam?
Use Quizlet flashcards + YouTube videos to drill questions until you consistently score above 90%. You need to focus on NM-specific topics like Commission rules and Licensing Regulations in addition to national concepts. And drill questions until you consistently score high.
How tricky are the New Mexico exam questions?
Practice scenario-based questions, watch out for qualifiers like “except,” and learn why each answer is right or wrong.
What are effective New Mexico test-taking techniques?
Since New Mexico’s exam includes real estate math, write down formulas at the start, tackle math/law questions early, then circle back to ensure full coverage.
How should I pace my exam approach?
Use a two-pass method: quickly answer confident questions, flag the rest, then review flagged items. Take your time to read carefully, eliminate wrong choices, and ensure math accuracy.
How do I overcome test anxiety and second-guessing?
Label questions based on confidence (A – sure, B – unsure, C – math), complete the A group first, skip B and C, then return for review. Look for clues in later questions, you may find hidden answers.