How much does it cost to renew my NM real estate license?

New Mexico is updating to an automated and online license renewal system that is expected to become available at the end of 2021. Once the system is in place, all licensees will be required to renew using the updated system. Meanwhile, you’ll need to submit a printed renewal application.

The New Mexico associate broker's license renewal fee is $270.

Your New Mexico real estate associate broker's license is valid for three years. The expiration date is the last day of the licensee's birth month. If your birthday was June 15, then your license will expire on June 30 of a given year. Check your license for the expiration date.

All new associate brokers must take either the New Broker Business Practices or CCIM 101 course within their first year of licensure. The commission-approved New Broker Business Practices can count for ten credit hours towards your continuing education.

All active associate broker license holders must take 36 hours of continuing education in commission-approved courses during each 3-year licensing cycle. At least 12 cumulative hours must be in the annual 4-hour NMREC Core Course series. Associate Brokers must take at least four core elective hours per cycle.

New Mexico inactive associate brokers are held to the same standard as active licensees. This means you must meet your 36 hours of continuing education and take the required courses each year.

The renewal process is the same as an active license holder. You'll need to use the new online renewal licensing system. The New Mexico Real Estate Commission must have an active email address on file for you to use the renewal system.

Once the new New Mexico licensing renewal system is up and running, you will receive an email that your license will expire soon and it is time for you to renew.

If you fail to renew your New Mexico associate broker license on time, your license will expire. You could be required to apply for a license as though you have not been licensed before, and you may need to retake the licensing exam. You may also be charged a $540 late fee.