The following is all the information needed for obtaining a broker license and how@ Home Prep can help pass the state exam!
| License Education: | - 45 hour prelicensing course
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| Continuing Education: | |
| Other Requirements: | - Must be atleast 18 years old
- Must be US citizen
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| Applications: | To apply, contact the state of New Mexico at (505) 222-9820. There is a $125 application fee that must be submitted with the application. |
| Reciprocity | |
| Examinations: | - The testing company is Pearson Vue and can be contacted at (888) 204-6291
- The exam fee is $ 95
- The exam is broken down into two sections, State and National, which consists of 130 questions
- Time alloted for both sections is 3 hrs
- Topics in the national section include property ownership, land use control and regulations, valuation and market anlysis, financing, laws of agency, mandated disclosures, contracts, transfer of property, practice of real estate, real estate calculations
- Topics on the state portion include real estate commission, licensing requirements, real estate commission regulations, broker duties, disclosures, broker relationships, New Mexico Estate Recovery Fund
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