NM Real Estate Commission: Fees
Kills License Number Display Proposal
The Real Estate Commission adopted a wide range of rule changes on June 20, 2016 highlighted by new advertising requirements for associate brokers and associate broker teams, and delineation of broker duties owed to customers and clients, tenants, and other brokers.
The Commission voted to not adopt a proposed change that would have required brokers to display their license numbers on all forms of advertising. However, the Commission did adopt a new rule requiring that the qualifying broker’s contact information, including license number, be clearly and conspicuously displayed on any written document generated by the brokerage.
For more details, click here: Commission Adopts Rules on Advertising, Broker Duties
Fees Set by NMREC Rules
All fees are set by the New Mexico Real Estate Commission in its Rules, specifically in Part 2 License and Other Fees, 18.104.22.168 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.
|Associate Broker License (3 year license)
|Qualifying Broker License (3 year license)
|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|
|Associate Broker Renewal (3 year renewal)
|Qualifying Broker Renewal (3 year renewal)
Late Renewal Fee
(includes $270 renewal fee and $540 penalty. License can be renewed with a late fee up to one year after expiration.)
|License Transfer (Associate Broker transferring license to a different brokerage)
Trade Name Registration (Qualifying Broker only when registering; or, changing qualifying broker; or, brokerage trade name; or, changing brokerage address)
|License History (Verification of licensure, education, disciplinary action)
|Licensee List (Emailed)
|Real Estate Law & Rules and Regulations (Mailed or Picked Up)
Instructor, Education Course, and Sponsor/ School Fees
|New Instructor Fee
|Instructor Renewal Fee
|New Course Fee
|New Sponsor / School Fee and Renewal Fee