In New Mexico, a candidate passes only one portion of the broker examination. Which statement is correct?
Correct Answer
A) The candidate must pass both the national and New Mexico state portions with at least 75 and must pass both within 90 days of first taking the exam
New Mexico requires passing both portions with a minimum score of 75 within the stated time period. Source basis: PSI/New Mexico CIB #998 and NMRLD licensing page: pass both national and state portions with minimum 75, pass both within 90 days, apply within six months; checked 2026-04-30.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
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