NM REAL ESTATE TEST EXAM
QUESTIONS AND ANSWERS 2026
VERIFIED.
When is the priority of water rights determined? - ANS A) When the permit is filed with the
engineer's office
Associate Brokers must complete how many hours of continuing education for their renewal? -
ANS C) 36 hours
Fingerprint results are valid for? - ANS D) Not older than 21 days prior to application
All of the following are duties of the New Mexico Real Estate Commission EXCEPT? - ANS C)
enforce the code of ethics.
When may a licensee transferring offices start working for the new qualifying broker? -
ANS A) When the transfer application is signed by the new qualifying broker; and the license,
proof of E&O insurance, and fee are received by the Commission
All signs advertising property for sale must include which of the following? - ANS D)
Brokerage name and the office phone number
An unlicensed assistant may do which of the following? - ANS B) Host an open house with
their responsible person present
@2026/2027 ALLRIGHTS RESERVED.
, Qualifying Brokers must do all of the following EXCEPT? - ANS A) Maintain an office in New
Mexico
Which of the following is Not True of a supervising qualifying broker renewing their license? -
ANS B) Swear their loyalty to the board of realtors.
How long must transaction files be maintained, even if a deal does not close? - ANS Six Years
All of the following are requirements of a broker in charge EXCEPT - ANS D) the broker must
be a New Mexico resident
The minimum penalty that the commission may impose is? - ANS C) letter of reprimand
When can the license of a qualifying broker be revoked for the illegal acts of that broker's
associate
broker? - ANS D) Only if the qualifying broker has guilty knowledge of the offense
Who regulates well and water rights in New Mexico? - ANS D) State engineer's office
Licensees have how many days to request a hearing upon receipt of a Notice of Contemplated
Action (NCA) by the New Mexico Real Estate Commission? - ANS B) 20 days
Licensees have how many days to appeal a decision against them to district court after a hearing
by
the New Mexico Real Estate Commission? - ANS C) 30 days
Licensees have how many days to respond to a complaint by the Real Estate Commission? -
ANS 10 days
@2026/2027 ALLRIGHTS RESERVED.
QUESTIONS AND ANSWERS 2026
VERIFIED.
When is the priority of water rights determined? - ANS A) When the permit is filed with the
engineer's office
Associate Brokers must complete how many hours of continuing education for their renewal? -
ANS C) 36 hours
Fingerprint results are valid for? - ANS D) Not older than 21 days prior to application
All of the following are duties of the New Mexico Real Estate Commission EXCEPT? - ANS C)
enforce the code of ethics.
When may a licensee transferring offices start working for the new qualifying broker? -
ANS A) When the transfer application is signed by the new qualifying broker; and the license,
proof of E&O insurance, and fee are received by the Commission
All signs advertising property for sale must include which of the following? - ANS D)
Brokerage name and the office phone number
An unlicensed assistant may do which of the following? - ANS B) Host an open house with
their responsible person present
@2026/2027 ALLRIGHTS RESERVED.
, Qualifying Brokers must do all of the following EXCEPT? - ANS A) Maintain an office in New
Mexico
Which of the following is Not True of a supervising qualifying broker renewing their license? -
ANS B) Swear their loyalty to the board of realtors.
How long must transaction files be maintained, even if a deal does not close? - ANS Six Years
All of the following are requirements of a broker in charge EXCEPT - ANS D) the broker must
be a New Mexico resident
The minimum penalty that the commission may impose is? - ANS C) letter of reprimand
When can the license of a qualifying broker be revoked for the illegal acts of that broker's
associate
broker? - ANS D) Only if the qualifying broker has guilty knowledge of the offense
Who regulates well and water rights in New Mexico? - ANS D) State engineer's office
Licensees have how many days to request a hearing upon receipt of a Notice of Contemplated
Action (NCA) by the New Mexico Real Estate Commission? - ANS B) 20 days
Licensees have how many days to appeal a decision against them to district court after a hearing
by
the New Mexico Real Estate Commission? - ANS C) 30 days
Licensees have how many days to respond to a complaint by the Real Estate Commission? -
ANS 10 days
@2026/2027 ALLRIGHTS RESERVED.
