In order to apply for the New Mexico Real Estate License Exam, the state requires you to complete 90 hours of New Mexico Real Estate Commission-approved real estate courses. Kaplan offers four education options that fulfill the 90-hour requirement.
How much does a real estate agent make a year in New Mexico?
$75,542 a year
How much does a Real Estate Agent make in New Mexico? As of Oct 9, 2023, the average annual pay for a Real Estate Agent in New Mexico is $75,542 a year. Just in case you need a simple salary calculator, that works out to be approximately $36.32 an hour. This is the equivalent of $1,452/week or $6,295/month.
Do you need a high school diploma to real estate in New Mexico?
Who is Eligible to Become a Real Estate Agent in New Mexico? To apply for an associate broker's license in New Mexico, you need to be a legal US citizen or lawfully admitted alien, have a high school diploma or the equivalent, and be at least 18 years old.
How do I become a Mexican real estate agent?
In order to become a real estate agent in Mexico, you will need to be registered with the government and have a valid work visa. The process for learning how to become a real estate agent in Mexico is relatively simple, and there are many places in Mexico where real estate agents can find work.
Is the NM real estate exam hard?
The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. To pass the exam in New Mexico, with a total of 130 questions (80 national and 50 state), that means the score to pass is 60 for the national and 38 for the state.
How much does it cost to get your real estate license in New Mexico?
Real Estate Commission: Fees
| Initial License Application | $ |
|---|---|
| 3-Year Associate Broker License | $270 |
| 3-Year Qualifying Broker License | $270 |
| Additional 3-Year Qualifying Broker License | Prorated at $90 per year depending on when first license is scheduled to renew |
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How many times can you take the New Mexico real estate exam?
How many times can I take the real estate exam in New Mexico? If you fail all or part of the New Mexico broker license exam, you have 90 days to pass the test. You can take it as many times as you need to within that 90 days.
Frequently Asked Questions
How long does it take to succeed as a real estate agent?
Whether you are an independent real estate agent or working for a larger firm, the road to success may take a little bit of time. But exactly how long does it take to become successful in real estate? It can take anywhere from six months to several years of continuous hard work to build a successful business.
How many questions are on the NM real estate exam?
The broker exam consists of 80 national questions and 50 state-specific questions. To pass, you must correctly answer at least 60 questions from the national portion and 38 for the state portion. You will receive your score immediately after you complete your exam.
FAQ
- How long is real estate school in New Mexico?
- Complete 90 Hours of Approved New Mexico Pre-Licensing Education. To start, you must successfully complete 90 hours of Pre-Licensing real estate courses. These 90 hours are broken down into three 30-hour pre-licensing courses: Real Estate Principles and Practices.
- What do i have to do to be a real estate agent in new mexico
- Step 1: Be at Least 18 Years of Age · Step 2: Register for and Complete 90 Hours of Required Education · Step 3: Take the New Mexico Associate Broker Licensing