Sit a New Mexico-weighted practice exam in your browser. 97 state-law questions plus the national bank, every one with an explanation and a cited source.
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Real exam-style questions with explanations and sources. No sign-up; progress stays on this device. Enable JavaScript to practice here, or get the full experience in the free app.
What's in the New Mexico question pool
Counts from the bank this page serves - not an estimate.
Difficulty
Questions
Medium
61
Hard
29
Easy
7
More New Mexico law questions
Every Freehold question shows why the right answer is right — and cites its source.
New Mexico licenses expire and must be renewed:
Every 3 years, on the last day of the month following the licensee's birth month
Every year, on January 1
Every 2 years, on the anniversary of the date the original license was first issued by the Commission
Every 4 years, on the licensee's birthday, with a grace period running to the end of that month
Show answer & explanation
Every 3 years, on the last day of the month following the licensee's birth month — New Mexico real estate licenses run on a three-year cycle, expiring on the last day of the month following the licensee's birth month.
Source: StateRequirement — New Mexico License Renewal
A New Mexico licensee who misses a year's core course within their 3-year cycle faces what penalty, effective since January 1, 2020?
An automatic $5,000 civil fine
Retaking the 30-classroom-hour Broker Basics course for zero CE credit
A mandatory 90-day suspension of the license imposed by the Commission itself
Loss of all previously earned continuing education credit for that cycle
Show answer & explanation
Retaking the 30-classroom-hour Broker Basics course for zero CE credit — Since January 1, 2020, missing a required annual core course means the licensee must retake the 30-hour Broker Basics course, earning zero continuing education credit for it.
Source: Mesa Real Estate Institute — NM CE Requirements
Which brokerage relationship allows a New Mexico brokerage to provide real estate services without forming a fiduciary agency relationship at all?
Exclusive agency
Designated agency
Transaction broker
Dual agency
Show answer & explanation
Transaction broker — A transaction broker provides real estate services on a non-fiduciary basis, without entering into an agency relationship with either party.
Source: REALTORS Association of New Mexico Broker Duties Disclosure
Under New Mexico's dual agency relationship, what does the brokerage actually agree to do?
Represent the buyer exclusively while disclosing this fact to the seller
Automatically terminate its agency agreement with both parties
Assign a separate designated agent to each party without any facilitator role
Act as a facilitator rather than an exclusive agent for either party
Show answer & explanation
Act as a facilitator rather than an exclusive agent for either party — New Mexico's dual agency modifies an existing exclusive agency agreement so the brokerage acts as a facilitator between the parties rather than as either party's exclusive agent.
Source: REALTORS Association of New Mexico Broker Duties Disclosure
New Mexico practice test FAQ
Is this New Mexico real estate practice test free?
Yes - every question, explanation, and source citation is free, with no sign-up and no ads. Progress stays in your browser.
How many New Mexico practice questions are there?
Freehold's New Mexico state-law bank holds 97 questions: 94 apply to the salesperson exam and 94 to the broker exam. Both sit on top of the national bank.
Do these questions match the real New Mexico exam?
They follow the same content outline and format - 125 questions, 75% to pass on the salesperson exam - and each cites the statute or rule it comes from. They are practice items, not real exam questions.
Freehold is an independent study resource and is not affiliated with, endorsed by, or sponsored by PSI, Pearson VUE, or any state real estate licensing board or commission. Freehold does not guarantee passage of any licensing exam.
