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Real Estate Salesperson License (NM)

First published: September 4, 2026Last verified: September 4, 2026Reviewed by the CertQuestUSA team
TL;DR

Real Estate Salesperson License (NM): a 124-question practice bank for the real Professional Licensing (Real Estate & Insurance) standard, 3 full papers of 124 questions each with no repeats, every question citing the real regulation it comes from.

Where these questions come from

Every question in this bank cites a real source -- primarily 16.61 NMAC (53%) and NMSA (47%) of this exam's citations.

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3
full papers, no repeats
124
questions per paper
124
questions in the bank
What this exam covers
5 real sample questions
A fiduciary relationship in which a broker owes duties of loyalty, obedience, disclosure, confidentiality, accounting, and reasonable care/skill to a principal is best described as which of the following?
A. Agency
B. Puffing
C. Steering
D. Novation
Source: PSI National Real Estate Salesperson Exam Content Outline; general real estate principles
A seller signs a listing agreement giving one broker the exclusive right to sell the property, and the broker earns a commission regardless of who procures the buyer, even the seller. This is which type of listing?
A. Open listing
B. Exclusive agency listing
C. Exclusive right to sell listing
D. Net listing
Source: PSI National Real Estate Salesperson Exam Content Outline; general real estate principles
Which agency relationship exists when a broker represents both the buyer and the seller in the same transaction, with the informed consent of both parties?
A. Subagency
B. Dual agency
C. Designated agency
D. Ostensible agency
Source: PSI National Real Estate Salesperson Exam Content Outline; general real estate principles
A customer, as opposed to a client, is best described as a party who:
A. Has signed a written agency agreement with a brokerage
B. Receives real estate services without an agency relationship
C. Pays the broker's commission directly
D. Is always the buyer in a transaction
Source: PSI National Real Estate Salesperson Exam Content Outline; general real estate principles
An agency relationship that is created by the actions or conduct of the parties rather than by an express written agreement is known as:
A. Agency by ratification
B. Implied agency
C. Agency coupled with an interest
D. Universal agency
Source: PSI National Real Estate Salesperson Exam Content Outline; general real estate principles
Same exam, other states
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Real-world data for this exam
Real Estate Sales Agents: real median wageMay 2025$52,830/yr

Frequently asked questions

How many questions are on the CertQuestUSA Real Estate Salesperson License (NM) practice test?
124 questions total, split into 3 full papers of 124 each with no repeats across papers.
What topics does the Real Estate Salesperson License (NM) test cover?
12 domains, with the heaviest weight on Agency Relationships & Brokerage Duties (National) (10%), Contracts & Conveyance of Real Property (National) (10%), and NM Real Estate Commission Rules (NMAC 16.61) (10%).
Where do CertQuestUSA's Real Estate Salesperson License (NM) questions come from?
Primarily 16.61 NMAC (53%) and NMSA (47%) of this bank's citations -- computed directly from this exam's own question sources, not a generic description.
Is there a free diagnostic for Real Estate Salesperson License (NM)?
Yes -- 10 real questions across the exam's domains, no sign-up required, with a domain-by-domain breakdown at the end.
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