A New Mexico broker asks about an out-of-state broker applicant asks about an education waiver. What is the best answer?
Correct Answer
B) A qualifying out-of-state broker may seek a waiver of 60 of the 90 hours, but still must complete Broker Basics and may still need the state exam
New Mexico allows a limited prelicensure waiver for qualifying broker applicants from other jurisdictions, not a blanket waiver of all requirements. Source basis: NMRLD Real Estate Commission Licensing, Registration, and Renewal page and FAQ: 90 prelicensure hours, fingerprints, E&O, active qualifying broker affiliation, property management requirements; checked 2026-04-30.
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