Application Fee
See board websiteVerified by NM Board of Business
Real Estate Broker Licensing in New Mexico
Review current requirements, exam details, renewal cycle, and salary outlook for real estate broker in New Mexico, including See board website and board contact links.
Last verified: Feb 12, 2026
Exam Requirement
State exam requiredRenewal Cycle
See board renewal rulesLicensing Blueprint for Real Estate Broker in New Mexico
Estimated timeline: 6-24 monthsCore Requirements
- License Type: Stand-alone license
- Education: Specific course required
- Examination: State exam required
- Application Fee: See board website
- Experience: Work experience required
- Background Check: Background check required
- Continuing Education: Continuing education required to maintain license
Application Snapshot
- Licensing Authority
New Mexico Regulation & Licensing Department • Boards and Commissions Division • Boards and Commissions Division
- Current Filing Fee
See board website
- Renewal Cycle
See board renewal rules
- Salary Position
$77,940 median (8% above national)
- State Salary Rank
#13 of 50 states
Step-by-Step Process (4)
- 1. Meet New Mexico eligibility requirements for Real Estate Broker licensure.
- 2. Complete required education: Specific course required.
- 3. Pass the required examination: State exam required.
- 4. Submit your application to the New Mexico Regulation & Licensing Department~Boards and Commissions Division~Boards and Commissions Division.
Salary Insights in New Mexico
With a median salary of 77,940, Real Estate Brokers in New Mexico earn 8% above the national median of 72280. New Mexico ranks #13 among 50 states. The typical licensing timeline is 6-24 months.
Median annual salary
$77,940Hourly estimate
$37.478% above national median
Difference: +$5,660
Percentile Distribution
Annual compensationReal Estate Broker Salary Ranking
#13 of 50 statesfor Real Estate Broker median salary
| Rank | State | Median Salary |
|---|---|---|
| #1 | Iowa | 116,920 |
| #2 | Massachusetts | 112,180 |
| #3 | New York | 94,170 |
| #4 | New Jersey | 92,890 |
| #5 | Connecticut | 90,910 |
Nearby States Comparison
Real Estate Broker licensing across the region| State | Median Salary | Education | Exam | Timeline |
|---|---|---|---|---|
| New Mexico | $77,940 | Specific course required | State exam required | 6-24 months |
| Colorado | $79,400 | Specific course required | Third-party exam required | 6-24 months |
| Oklahoma | $72,280 | Specific course required | State exam required | 6-24 months |
| Texas | $66,700 | Specific course required | Third-party exam required | 6-24 months |
| Arizona | $54,460 | Varies by state board | State-approved exam | 6-24 months |
| Utah | $81,230 | Varies by state board | State-approved exam | 6-24 months |
License by Endorsement
Transfer requirements are state-specific. Use this quick matrix as a planning signal, then verify final endorsement rules with each board.
| State | Reciprocity Score | Tier | Notes |
|---|---|---|---|
| New Mexico | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Colorado | 56 | Medium | State-specific exam conditions may apply. Documented experience may be required. |
| Oklahoma | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Texas | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Arizona | 78 | High | Board-specific review required. |
| Utah | 78 | High | Board-specific review required. |
- License status indicator: Active.
- Continuing education indicator: Continuing education required to maintain license.
- Reciprocity and transfer rules vary by state board.
Official Licensing Agency
New Mexico Regulation & Licensing Department • Boards and Commissions Division • Boards and Commissions Division
5500 San Antonio Drive NE, Suite B, Albuquerque, NM, 87109
Phone: 5052229820
Related Careers in New Mexico
| Profession | Median Salary | Education | Timeline |
|---|---|---|---|
| Architect | $77,070 | Specific course required | 6-24 months |
| Certified Public Accountant | $77,420 | Degree required | 6-24 months |
| Civil Engineer | $104,600 | Degree required | 6-24 months |
| Financial Advisor | $77,710 | Varies by state board | 6-24 months |
FAQ
How long does it take to become a Real Estate Broker in New Mexico?
Most applicants finish the licensing path in about 6-24 months, but timing can change based on education track, exam scheduling, and board processing.
What exams are required for Real Estate Brokers in New Mexico?
New Mexico lists State exam required as part of the licensure process for Real Estate Brokers.
What education do you need to become a Real Estate Broker in New Mexico?
The board typically expects Specific course required for Real Estate Broker licensure in New Mexico.
What is the typical Real Estate Broker salary in New Mexico?
The median annual salary for Real Estate Brokers in New Mexico is 77,940. Salaries range from 58730 (10th percentile) to 142170 (90th percentile).
How does the Real Estate Broker salary in New Mexico compare to the national average?
Real Estate Brokers in New Mexico earn 8% above the national median of 72280, with a state median of 77,940.
How many Real Estate Brokers work in New Mexico?
New Mexico employs approximately 290 Real Estate Brokers according to BLS data.
Can I transfer my Real Estate Broker license to New Mexico from another state?
Transfer requirements vary by board. License status indicator: Active. Continuing education indicator: Continuing education required to maintain license. Reciprocity and transfer rules vary by state board.
Who is the licensing agency for Real Estate Brokers in New Mexico?
The licensing agency is New Mexico Regulation & Licensing Department / Boards and Commissions Division / Boards and Commissions Division. Review agency details at https://www.rld.nm.gov/boards-and-commissions/individual-boards-and-commissions/real-estate-commission/.