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Exams · Certifications · Licensing

Real Estate Salesperson Exam — National Portion

Licensing (NM): practice questions

Our Real Estate (National) bank has 15 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · New Mexico

Within what period after first sitting for the exam must a candidate pass both the state and national portions?

  1. 60 calendar days
  2. 30 calendar days
  3. 90 calendar days
  4. 180 calendar days
Show the answer

C. 90 calendar days — 16.61.3.9(B)(8) NMAC; otherwise both portions must be retaken.

Question 2 · New Mexico

What is the minimum per-claim limit for a New Mexico broker's errors and omissions policy?

  1. $75,000
  2. $100,000
  3. $1,000,000
  4. $250,000
Show the answer

B. $100,000 — 16.61.5.9(E) NMAC; NMSA 1978 61-29-4.2(B).

Question 3 · New Mexico

How many classroom hours of prelicense education does New Mexico require of a broker applicant?

  1. 90 hours
  2. 60 hours
  3. 75 hours
  4. 120 hours
Show the answer

A. 90 hours — NMSA 1978 61-29-9(B)(1): three commission-approved 30-hour courses.

Question 4 · New Mexico

A qualifying broker may not supervise associate brokers until holding an active license for at least how long?

  1. Four years
  2. Six years
  3. Three years
  4. Two years
Show the answer

A. Four years — NMSA 1978 61-29-9(D).

Question 5 · New Mexico

Which two types of real estate license does the New Mexico Real Estate Commission issue?

  1. Associate broker and qualifying broker
  2. Provisional salesperson and associate broker
  3. Provisional broker and broker
  4. Salesperson and managing broker
Show the answer

A. Associate broker and qualifying broker — 16.61.3.8 NMAC; NMSA 1978 61-29-2(A)(12).

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