EstatePass
State Comparison

Illinois vs New Mexico

Compare real estate exam requirements, costs, and career potential between Illinois and New Mexico

IL Salary
$59K
NM Salary
$48K
IL Pass Rate
55%
NM Pass Rate
56%

Detailed Comparison

Exam Format
IL
NM
Salesperson Questions
150
150
Time Limit
195 min
195 min
Passing Score
70%
70%
Costs & Fees
IL
NM
Exam Fee
$58
$50
Career Potential
IL
NM
Average Salary
$59,000
$48,000
Pass Rate
55%
56%
License Renewal
IL
NM
Renewal Period
4 years
4 years
CE Hours Required
45 hours
45 hours

Licensing Authorities

IL
Illinois Department of Financial and Professional Regulation
IDFPR
NM
New Mexico Real Estate Commission
NMREC

Frequently Asked Questions

Which is easier: Illinois or New Mexico real estate exam?

The Illinois exam has 150 questions with a 70% passing score, while New Mexico has 150 questions with a 70% passing score. New Mexico typically has a higher pass rate.

Can I transfer my real estate license from Illinois to New Mexico?

License reciprocity varies. Some states offer partial reciprocity where you may only need to take the state-specific portion of the exam. Check with both the IDFPR and NMREC for current reciprocity agreements.

Which state pays more for real estate agents: Illinois or New Mexico?

Illinois real estate agents earn an average of $59,000 annually, while New Mexico agents average $48,000. However, consider cost of living and market conditions in your decision.

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Ready to Start Your Real Estate Career?

Whether you choose Illinois or New Mexico, EstatePass has you covered with comprehensive exam prep materials.