- #Psi exams albuquerque nm how to#
- #Psi exams albuquerque nm full#
- #Psi exams albuquerque nm license#
To prepare for your Real Estate Agent exam, use our 300 question practice test, with answers fully explained, by expert Karen Bohler.įor more information on real estate agent licensing and exam preparation, go to ’s For further information about the governing statutes, and administrative rules, search here and here. Further information is provided on the NMREC website, here.Īpplicable Regulations: Real estate licensees in New Mexico are regulated under the New Mexico Annotated Statutes and New Mexico Administrative code.
#Psi exams albuquerque nm license#
License Renewal Requirements – A New Mexico real estate licensee must take 30 credit hours of continuing education (either online or in the classroom) from an NMREC-approved provider every three years. NOTE: (found at the end of the State of New Mexico Real Estate Commission Candidate Handbook) to the following address:įees: NMREC charges a license application fee. (4) certificate issued by an NMREC -approved school for completion of the 90-hour salesperson pre-licensure curriculum and (5) New Mexico Department of Public Safety (DPS) issued fingerprint clearance card. However, in the interest of candidate preparation, the following documents are likely on the list: (1) completed application and application fee (2) original New Mexico state real estate licensing exam score report(s) (3) proof of legal presence in the U.S. The list of required documents is on the application, and is subject to change.
#Psi exams albuquerque nm how to#
How to Apply for the License: Upon passing both portions of the exam the candidate must submit the license application, along with all the required documents to NMREC. NOTE: If a candidate passes one portion and fails the other portion, the candidate must pass the second portion within 90 days of passing the first portion of the exam. Water rights issues (well and surface rights) The state-specific test consists of 50 questions, and tests the candidate's knowledge of the state-specific concepts, including the following subject areas:īroker Duties, Disclosure and d Brokerage Relationships The national portion of the test consists of 80 questions, and tests the candidate's knowledge of general real estate concepts, including the following subject areas: The exam is presented in a computer-based format, but accommodations for paper-based tests and/or oral testing can be provided with special arrangements.
A scaled score of at least 75 is required to pass. Test takers are allotted 120 minutes to complete the national portion, and 60 minutes to complete the state-specific portion. Both tests are comprised of multiple choice questions with four answer choices provided for each question. Five to ten questions (disbursed throughout both portions of the exam) are considered "experimental" questions and are not scored. Test Content: The New Mexico state real estate licensing exam is comprised of two separate portions, the national portion and the state-specific portion. For more information, see the State of New Mexico Real Estate Commission Candidate Bulletin. Candidates should create an account and apply to take the state exam through the PSI website scheduling page. Upon approval from PSI, the candidate is issued instructions for scheduling the exam. NOTE: Pre-licensing courses are available as correspondence-style or classroom-style courses.Īpplying for the Exams: Candidates must apply to PSI (the testing vendor) to take the broker's exam within three years of completing the pre-licensing curriculum.
For more information about qualifications, see the page titled Real Estate Commission Requirements and Continuing Education on the NMREC website. All candidates must be at least 18 years of age.
#Psi exams albuquerque nm full#
All candidates must submit a full set of fingerprints, prove legal presence in the United States and pass a background check. A broker candidate must complete 90 clock hours of pre-licensure study at an NMREC-approved real estate school (search schools here), pass a school-administered final exam, and pass a state exam. Each licensee is responsible for his/her own actions, and New Mexico real estate licensing law does not apply the legal concept of respondeat superior ("let the master answer"). Qualifications to receive a License: All real estate licensees in New Mexico are brokers. Who Grants a License: Licenses are granted by the New Mexico Regulation and Licensing Department (“NMREC”). Need of a License: A real estate salesperson must be licensed by the state of New Mexico to represent clients in the sale or purchase of real estate that is located in New Mexico.
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