Are you a qualifying broker who’s license is up for renewal? Here’s a summary of the requirements for New Mexico qualifying brokers:
- 3 Annual Core Courses
- 8 Hours of Core Electives
- 4 Hours of Ethics Electives
- Choose from any other NMREC Approved Courses to get to 36 hours
- 10 training hours MAX! (none are required)
- QB Refresher Course
- Attendance at one NMREC Meeting, Rule Hearing or Disciplinary hearing
3 Annual Core Courses
How do you know it’s an annual core course? It has a year in the title, i.e. 2018 NMREC Core Course B, 2019 NMREC Core Course C, etc. There’s also a corresponding letter – A, B or C, but don’t let the letter confuse you.
Curriculum for each Core Course is different every, but may contain some common elements like the legal update, case studies, rules changes, etc.
8 Hours of Core Electives
1 core elective is required every three years. Mesa Real Estate Institute, LLC offers core electives for residential brokers as well as property managers.
4 Hours of Ethics Electives
New Mexico real estate licensees must accumulate a total of 4 hours of ethics electives in their 3 year cycle. There is also a biennial ethics requirement for the National Association of Realtors, but we’re talking about license renewal here.
Choose from any other NMREC approved CE courses to earn the 16 additional CE hours required for license renewal. You can view the list of approved courses here.
Some CE courses offer CE credits in the training category, like New Broker Business Practice (NBBP). A new licensee is supposed to take this course in their first year of licensing, unless they immediately go inactive, in which case they need to take it before they activate.
Upon completion of NBBP the licensee earns 10 training hours, which is the maximum they can use towards license renewal.
No training CE hours are required for other licensees, although you may use up to 10 for renewal.
QB Refresher Course
Qualifying brokers are required to complete the 6 hour QB refresher course. QB Refresher does not offer CE credit, so it does not count towards the 36 hours you need to renew.
Attendance at a New Mexico Real Estate Commission Meeting
Qualifying Brokers are required to attend one commission meeting/hearing and stay for 3 hours, or until the meeting goes into executive session, or the meeting/hearing ends, which ever comes first. Attendees can earn up to 4 CE credits depending on the length of the meeting (a 1 hour meeting gives 1 CE credit, a 2 hour meeting gives 2 CE credits, etc).
Tracking Your Hours
Having trouble keeping track of your CE hours? The NMREC has a resource to help you, which you can access by clicking here.