New Mexico Real Estate Practice Exam
A free practice test for the New Mexico salesperson exam, for the weeks before your test date, with an explanation on every answer. Score yourself against New Mexico's real 75% pass line before you book.
Take the full test. Answers and explanations are shown when you submit, as on exam day.
An active New Mexico broker argues that E&O coverage is optional because no claim has ever been made against the broker. What does the rule require?
This practice exam is a study aid, not the real exam. Our questions are written by us to match the published content outline. They are not actual exam questions, no score here predicts a pass, and this site is not affiliated with, endorsed by, or sponsored by PSI, Pearson VUE, ARELLO, any state real estate commission, or any government agency. Your state commission and your candidate handbook are the only authoritative sources.
New Mexico real estate exam at a glance
| National questions | 75 scoredsource |
|---|---|
| State-law questions | 50 scoredsource |
| Passing score | 75%source |
| Time limit | 3 hourssource |
| Exam fee | $95.00 per attemptsource |
| Test provider | PSIsource |
| Pre-licence education | 90 hourssource |
Figures verified against official sources on . Exam fees and rules change. Check the linked source before you book.
10 sample questions, with answers explained
Every question above with its correct answer and the reasoning behind it. Read the explanations for the ones you answered correctly too. A lucky guess and knowing the rule look identical on a score report. These are sample questions from our larger bank.
1. An active New Mexico broker argues that E&O coverage is optional because no claim has ever been made against the broker. What does the rule require?
Why: 16.61.5.8 requires E&O for every active New Mexico broker. A claim-free history does not replace the required policy.
2. A New Mexico broker will omit ordinary transaction-completion assistance. What agreement is needed under the New Mexico broker-duty rule?
Why: The directly served party must agree in writing, with the agreement's existence disclosed in writing to other involved brokers. 16.61.19.8(B)(1) states both the consumer agreement and interbroker disclosure requirements.
3. A New Mexico broker changes clients and is asked to reveal a former principal's confidential information. When is disclosure allowed under the stated rule?
Why: 16.61.19.8 preserves prior agency confidences unless the former principal consents in writing or law requires disclosure. Ending the relationship does not eliminate confidentiality.
4. Which contract-related task is permitted for an ordinary New Mexico unlicensed assistant under 16.61.21.8(J)?
Why: The rule permits typing or word processing documents prepared by the responsible person. Mechanical preparation is different from independently choosing legal terms or signing for a party.
5. A New Mexico broker's written agreement determines a fee, its calculation basis is known and funds are available. What does the fee-disbursement rule permit?
Why: 16.61.23.11 allows the agreed fee once its calculation basis can be determined and funds are available. It does not authorize an unsupported amount or use of unrelated client funds.
6. A New Mexico broker has a brokerage trust account used for sales transactions. May property management funds be placed there?
Why: 16.61.23.9 distinguishes the brokerage sales trust account from property management trust. An eventual possible sale does not change how current management funds must be handled.
7. Under New Mexico's group E&O requirements, how are defense costs treated for covered claims?
Why: 16.61.5.9 requires defense of covered claims with defense costs outside policy limits. The defense requirement is not permission to reduce the damages protection by those costs.
8. Under New Mexico's special disability-accommodation assistant provision, when must the broker notify the commission of assistants performing normally licensed services?
Why: Before those services are performed. 16.61.21.10 requires advance identification notice as part of the limited accommodation framework.
9. A New Mexico broker's birth month is May. Assuming the ordinary 3-year cycle and no special exception, on what date does the license expire in its expiration year?
Why: 16.61.11.8(A) NMAC expires every real estate license every three years on the last day of the month after the broker birth month unless renewed on time. The rule uses the last day of the month following the birth month, rather than the birthday or birth-month end.
10. A New Mexico qualifying broker delegates bookkeeping to an employee. Who remains responsible for maintenance and safekeeping of trust and custodial account records?
Why: 16.61.23.10(E) NMAC makes the qualifying broker responsible for maintenance and safekeeping of trust and custodial records. Delegation of daily bookkeeping does not transfer the rule's stated record responsibility.