Real Estate Commission Fees
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Real Estate Commission: Fees
All fees are set by the New Mexico Real Estate Commission in its rules, specifically in Part 2 License and Other Fees, 16.61.2.7 Fees.
The following required fees must be submitted at the time of filing an application or other form. An application or other form submitted without the appropriate fees will be considered incomplete and will be returned to the applicant.
The following fees should be submitted either by check or money order payable to the New Mexico Real Estate Commission, or you may fill out a Credit Card Authorization Form and submit it with your application. Cash is NOT accepted.
Exam Fee |
$ |
|---|---|
Broker Exam – Contractor Fee PS1 |
$95 |
License Application |
$ |
|---|---|
Associate Broker License (3 year license) |
$270 |
Qualifying Broker License (3 year license) |
$270 |
Upgrade Associate Broker to Qualifying Broker |
No Fee Required |
Additional Qualifying Broker License |
Prorated at $90 per year depending on when first license is scheduled to renew |
License Renewal |
$ |
|---|---|
Associate Broker Renewal (3 year renewal) |
$270 |
Qualifying Broker Renewal (3 year renewal) |
$270 |
Late Renewal Fee |
$810 |
(includes $270 renewal fee and $540 penalty. License can be renewed with a late fee up to one year after expiration.) |
Other Fees |
$ |
|---|---|
License Transfer (Associate Broker transferring license to a different brokerage) |
$20 |
Trade Name Registration (Qualifying Broker only when registering; or, changing qualifying broker; or, brokerage trade name; or, changing brokerage address) |
$20 |
License History (Verification of licensure, education, disciplinary action) |
$25 |
Licensee List (Emailed) |
$50 |
Real Estate Law &; Rules and Regulations (Mailed or Picked Up) |
$10 |
Instructor, Education Course, and Sponsor/ School Fees |
$ |
|---|---|
New Instructor Fee |
$70 |
Instructor Renewal Fee |
$100 |
New Course Fee |
$50 + $2 per CEU Offered |
New Sponsor / School Fee and Renewal Fee |
$500 |