NEW MEXICO REAL ESTATE EXAM
QUESTIONS AND ANSWERS 2026
VERIFIED.
The commission shall be appointed by? - ANS The governor.
The three functions of the commission are? - ANS Licensing, Education, Enforcement. (LEE)
The commission has how many members? - ANS five members, four members must be
licensed and one member must be nonlicensed. Not more than one member can be from the
same county.
Who is exempt from obtaining a license - ANS Subdivisions holding less than 99 parcels, time-
share sales persons with 15% ownership in the time-share project, Business Opportunity
Brokers.
A violation of the license law by an unlicensed person will result in? - ANS A fourth degree
felony.
Qualifying broker applicants not in a managerial position need how much experience? -
ANS two years of active experience as a licensed associate broker.
Qualifying broker applicants in a managerial position should have how much experience? -
ANS Document four year of active experience as a licensed associate and qualifying broker.
@2026/2027 ALLRIGHTS RESERVED.
QUESTIONS AND ANSWERS 2026
VERIFIED.
The commission shall be appointed by? - ANS The governor.
The three functions of the commission are? - ANS Licensing, Education, Enforcement. (LEE)
The commission has how many members? - ANS five members, four members must be
licensed and one member must be nonlicensed. Not more than one member can be from the
same county.
Who is exempt from obtaining a license - ANS Subdivisions holding less than 99 parcels, time-
share sales persons with 15% ownership in the time-share project, Business Opportunity
Brokers.
A violation of the license law by an unlicensed person will result in? - ANS A fourth degree
felony.
Qualifying broker applicants not in a managerial position need how much experience? -
ANS two years of active experience as a licensed associate broker.
Qualifying broker applicants in a managerial position should have how much experience? -
ANS Document four year of active experience as a licensed associate and qualifying broker.
@2026/2027 ALLRIGHTS RESERVED.