How to Become a Real Estate Agent in New Mexico

Want to know how to become a real estate agent in New Mexico? Are you looking for the best real estate schools in New Mexico? No need to search all over the internet—I’ve got everything you need right here. Keep reading for all the info on licensing steps and the top real estate schools in New Mexico to make your choice easier. Let’s dive in!

Do you already know the process of how to get a license and are ready to get straight into the best schools in New Mexico? I’ve got you covered! Click here to jump to the “Best Real Estate Schools” section below.

How to Get a Real Estate License in New Mexico
The Close’s Top Picks of Online Real Estate Schools in New Mexico
Best for Student Support: Fortune Academy
Best for Comprehensive & Flexible Courses: Kaplan
Best for Self-paced & Interactive Learning: The CE Shop
Best for Accelerated Study: One Stop Real Estate Education Services
How We Selected the Best Online Real Estate Schools in New Mexico
Frequently Asked Questions (FAQs)
Your Take

How to Get a Real Estate License in New Mexico

Step 1: Meet New Mexico Requirements	You must be at least 18 years old. You must be a US citizen or a lawfully admitted resident. The NMREC considers criminal records on a case-to-case basis. Review 16.61.3 New Mexico Administrative Code, Sections 9 and 15 for specific details.
Step 2: Complete Prelicensing Courses	Take 90 hours of prelicensing classes. Check out our list of approved schools by clicking here.
Step 3: Get Fingerprints & Background Check	Register on the IdentoGO website using the NMREC identifier number NM920263Z. $59 payment can be made directly on the website using a credit or debit card or at the fingerprint site with a money order or cashier’s check. Check out the IdentoGO fingerprint locations. Bring a valid photo ID, like a driver’s license or passport, and the Fingerprint Certification Form to be completed by the vendor.
Step 4: Take the Real Estate Exam	Answer 130 questions in 180 minutes. Get a 75% score to pass the New Mexico exam. The New Mexico real estate exam is provided by the PSI, a national provider for state licensing exams. Submit the registration form with the $95 fee. With PSI approval you’ll receive an eligibility postcard with instructions on scheduling your exam.
Step 5: Pick a Sponsoring Brokerage	Find a brokerage that fits your business needs. How to Choose a Real Estate Company or Broker to Work For
Step 6: Acquire Errors & Omissions Insurance	NMREC works closely with Rice Insurance Services, LLC, to provide affordable options. Otherwise, purchase it yourself and submit a Certificate of Equivalent Coverage Errors and Omissions Insurance from your E&O carrier.
Step 7: Apply for Your New Mexico License	Register and complete the application online through the New Mexico Regulation and Licensing Department (NMRLD) portal. Follow the detailed NMRLD instructions to set up your account and begin uploading documentation to get your license. The required documents include course completion certification, original passing PSI national broker exam score and PSI New Mexico broker exam score, fingerprint information, and errors and omissions insurance certificate. Pay the $270 fee.
Step 8: Start Your Real Estate Career	The Ultimate Checklist for New Real Estate Agents: Your Path to Success How to Get Clients in Real Estate: Our Top 11 Tips

The Close’s Top Picks of Online Real Estate Schools in New Mexico

Now that you know how to become a real estate agent in New Mexico, you must pick the best school for your learning style and needs.

Our Top Picks	Starting Price for Prelicensing	Promo Code	Read More Below
Fortune Academy: Best for student support	$839	Close30—Save 30%	Fortune Academy↓
Kaplan: Best for comprehensive and flexible courses	$269	KAPRE5—Save 5%	Kaplan↓
The CE Shop: Best for self-paced and interactive learning	$839	TheClose35—Save 35%	The CE Shop↓
One Stop Real Estate Education Service: Best for accelerated study	$899	No promo code	One Stop Real Estate Education Services↓

Best for Student Support: Fortune Academy

Pros

Pass-or-money-back guarantee
Comprehensive learning formats
Direct instructor assistance

Cons

No broker prelicensing and post-licensing courses
No interactive study groups
Only 6 months of course access

The Close Score

4.9

Value:

2.7

Learning Format & Accessibility:

5.0

Course Features:

3.5

Help & Support:

5.0

Reputation:

1.8

Expert Score:

5.0

/ 5

My Expert Opinion on Fortune Academy

Fortune Academy is one of the best online real estate schools in New Mexico, thanks to its excellent student support, which is available 24/7 via live chat, email, or phone. It also has a podcast called “Grow Your Business,” where experts share tips for new agents. On a budget? No problem—many courses offer payment plans. Plus, it has a 100% money-back guarantee: if you don’t pass your real estate license exam on your first try after graduation, you’ll get a full refund. How great is that?

💡Room for Improvement: The program lacks broker prelicensing and post-licensing courses essential for comprehensive training. Interactive study groups would be awesome, too, so students can learn together and help each other. Plus, having access to the course materials for over six months would be helpful.

Fortune Academy Cost

Fortune Academy has a fantastic selection of courses for both new and seasoned agents. Pick from complete packages that cover all the essential hours, or if you prefer, grab individual courses that catch your eye.

Type of Education	Price Range	Standout Features
Prelicensing	$839-$1,039	Online self-paced delivery method Tiered packages
Continuing education	$45-$275	Various individual elective classes Full 24-hour package
Exam Prep	$89-$145	Options for state and national portion exam prep Payment plan available

Enroll Now in Fortune Academy

Use Promo Code: Close30 to save 30% off Fortune Academy courses

Best for Comprehensive & Flexible Courses: Kaplan

Pros

Great posttest professional development tools in some packages
Excellent textbook and class materials
Direct instructor access

Cons

Dated interface
Difficult to take classes on a mobile device
Additional study tools only available as add-ons

The Close Score

4.9

Value:

3.6

Learning Format & Accessibility:

4.0

Course Features:

4.0

Help & Support:

4.0

Reputation:

2.1

Expert Score:

4.6

/ 5

My Expert Opinion on Kaplan

Kaplan is the top choice for online New Mexico real estate license classes because of its engaging learning experience, diverse package options, and extensive career support. Its hybrid packages are perfect for a mix of text-based and livestream classes, providing great value. Plus, if you prefer a more flexible approach, it has on-demand courses with recorded lectures that let you learn at your own pace while still feeling like you’re in a classroom. Don’t forget about the Interactive Study Group included with the prelicensing courses, where you can join weekly live webinars that cover national licensing content.

💡Room for Improvement: It’d be great if Kaplan offered the whole prelicensing course in person. Some folks learn better in a classroom, and it’d be fun to chat with friends while diving into the material.

Kaplan Cost

Whether you prefer a package deal or individual courses, you can choose from various prelicensing and post-licensing education options. Plus, you’ll have the flexibility to customize your continuing education courses to fit your needs.

Type of Education	Price Range	Standout Features
Prelicensing	$269-$1,119	Tiered packages and individual courses available New Mexico and national exam prep Interactive study group
Post-licensing	$249	Live-online learning format All the required 30 hours of post-licensing course
Continuing education	$29-$249	Home study, online, online video, and live-online learning formats Tiered packages and individual courses available
Exam Prep	$99-$199	Coverage of the national or state portions or both Online video, live-online, or online learning formats

Enroll Now in Kaplan

Use Promo Code: KAPRE5 to save 5% off of Kaplan classes

Best for Self-paced & Interactive Learning: The CE Shop

Pros

Expertly designed courses
Most important content often repeated
CE courses included in some packages

Cons

No access to local real estate professionals
No access to live instructors
No physical school to visit for support

The Close Score

4.2

Value:

2.4

Learning Format & Accessibility:

3.5

Course Features:

2.8

Help & Support:

4.5

Reputation:

2.1

Expert Score:

4.6

/ 5

My Expert Opinion on The CE Shop

If you’re looking to dive into the real estate game in New Mexico, The CE Shop is the way to go. It has an interactive LEAP learning platform that keeps things fun and fresh. You’ll get course content in bite-sized lessons that mix up text, images, and videos—talk about a party for your brain! It’s designed to keep you engaged and ready to crush that real estate exam.

💡Room for Improvement: We shouldn’t be too disappointed with the lack of extra features on The CE Shop’s “Course Only” option since it’s explicit about its offerings. Nevertheless, the school could set itself apart if it offered additional features in its most basic package.

The CE Shop Cost

The CE Shop has a variety of learning packages and individual courses available at great prices. Plus, you can take advantage of some fantastic promotional offers, too.

Type of Education	Price Range	Standout Features
Continuing education	$49-$355	Offers individual courses and packages CE courses for brokers and designated brokers With the NAR Ethics course
Broker Prelicensing	$839-$1,039	Exam Prep Edge—National & NM Career and downloadable resources Digital flashcards and real estate glossary Business e-books and study schedule
Exam Prep	$79-$135	Simulated exams Unlimited, dynamic practice tests National and state portions

Enroll Now in The CE Shop

Use Promo Code: TheClose35 at checkout to SAVE 35% at The CE Shop

Best for Accelerated Study: One Stop Real Estate Education Services

Pros

Interactive live-online class
Accelerated course option
Career resources available

Cons

No live chat and 24/7 customer support
No pass-or-refund guarantee
No self-paced, on-demand, or in-person learning formats

The Close Score

2.8

Value:

3.1

Learning Format & Accessibility:

1.0

Course Features:

0.8

Help & Support: 5

2.0

Reputation:

4.2

Expert Score:

3.2

/ 5

My Expert Opinion on One Stop Real Estate Education Services

One Stop Real Estate Education Services has been rocking the online real estate education scene in New Mexico since ’95! It definitely made it to our list for its super-fast livestream courses, offered over four fun-filled days. If you’re looking to crush your 90-hour prelicensing course, you can totally breeze through it in just three weeks by tackling each 30-hour portion every weekend. It’s a perfect fit for anyone looking to zip through their course and get that license in no time.

💡Room for Improvement: One Stop Real Estate Education Services only provides livestream classes and doesn’t offer self-paced online options. It also doesn’t offer many additional exam prep materials to prepare for the license exam, except for the support and resources you’ll get during class time.

One Stop Real Estate Education Services Cost

One Stop Real Estate Education Services can be pricier than similar courses at other schools. Still, its live-online programs offer direct access to a local expert and various materials, reading assignments, and quizzes to help you understand New Mexico’s changing real estate market, laws, and practices.

Type of Education	Price Range	Standout Features
Prelicensing	$899	90 hours of required prelicensing education included PSI real estate exam prep
Continuing education	$42.43-$86	Elective and core courses included Live-online learning format
Broker Prelicensing	$249-$259	30-hour prelicense course included
Exam Prep	$225	For National Real Estate Broker PSI Exam Complete review of exam topics Live-online learning format Three-hour classes per night over four nights

Enroll Now in One Stop Real Estate Education Services

How We Selected the Best Online Real Estate Schools in New Mexico

In terms of our methodology at The Close, our team of licensed real estate professionals, writers, and editors created a weighted rubric that involves evaluating each school. Our experts have done hours of research to analyze dozens of real estate schools to determine the best for our readers. The features we explored are essential for students to become successful agents and brokers in the real estate industry.

Our detailed criteria included:

Course Features 25%
- This comprises items that assist agents and brokers in completing their education, like pass-or-refund guarantees, career and instructor support, coaching, training, interactive study groups, and course extensions.
Value 20%
- Pricing and availability of coursework are important factors to assess. This accounts for real estate school offerings in prelicensing, post-licensing, continuing education, broker prelicensing, and exam prep.
Learning Format & Accessibility 20%
- Real estate professionals must consider the best format for their learning, which includes self-paced, on-demand video, livestream, and in-person classes. Also, accessibility via multiple devices, like computers, tablets, and mobile devices, determines the convenience for users.
Expert Score 15%
- The Close closely reviews each course for standout features, details, ease of use, and the value for money spent from a real estate expert’s perspective.
Help & Support 10%
- If students need additional support, knowing the customer service options through phone, email, live chat, and ticket system is necessary.
Reputation 10%
- This examines the reputation of each real estate school through the lens of current and past students, reviewing the customer reviews and popularity of each provider.

Frequently Asked Questions (FAQs)

To get your New Mexico real estate license, you’ll start by taking a 90-hour prelicensing course and sitting for the New Mexico Associate Broker license exam. Then, you’ll need to complete a fingerprint and background check. You’ll also need to find a sponsoring broker to work under and obtain errors and omissions (E&O) insurance. Once you’re done, you can submit an application to the New Mexico Real Estate Commission for your license.

It costs roughly $1,200 to get your real estate license in New Mexico. The price of your prelicensing course accounts for most of the license cost, and it’ll vary based on the course package you choose. Besides your course, you’ll have a few one-time costs to pay before you can get your license:

License exam fee ($95)
Fingerprinting background check ($44)
License application fee ($270)

New Mexico has a reciprocity agreement with Massachusetts, Louisiana, and Georgia. If you have an active real estate license from one of these states, you can contact the New Mexico Real Estate Commission to expedite the process of being locally licensed.

You’ll need to do some work to pass the New Mexico real estate license exam, but you can pass with good study habits and preparation. PSI Testing administers the exam, and you have up to three years after finishing your prelicensing course to sit for your license exam.

The New Mexico Associate Broker License Exam has national and state-specific sections. You’ll have two hours to complete the 80-question national portion and one hour to complete the 50-question state portion. You must obtain a score of 70% to pass, and you’ll find your test score immediately upon finishing the exam.

Your Take

Getting a New Mexico real estate license can actually be pretty easy if you have the right education provider. Pick a place to learn that matches how you like to study and your schedule. This way, you’ll feel more ready to nail your New Mexico real estate courses and jump into your career as a real estate agent. Plus, The Close has a bunch of great resources, tips, and strategies to help you out along the way.

Do you have more thoughts or burning questions on how to become a real estate agent in New Mexico? Drop us a comment below!

How to Get a License in New Mexico & 4 Best Online Real Estate Schools in NM

How to Get a Real Estate License in New Mexico

The Close’s Top Picks of Online Real Estate Schools in New Mexico