Real Estate Agent Permit Requirements in Albuquerque, NM
Complete permit and license guide for starting a real estate agent in Albuquerque, Bernalillo County, New Mexico.
Not legal advice. Requirements may change — always verify with your local government authority before applying. Last verified: .
Albuquerque / Bernalillo County Requirements
2 requirementsNew Mexico Real Estate Commission — Salesperson or Broker License
Real estate agents in New Mexico must be licensed by the NM Real Estate Commission. Requires 90 hours of pre-licensing education and passing the state exam.
City of Albuquerque Planning Department — Business License
Albuquerque requires a Business Registration and Certificate of Occupancy for commercial spaces. The Planning Department processes permits and business registrations. This license must be renewed annually and displayed at your place of business.
New Mexico State Requirements
2 requirementsNew Mexico Taxation and Revenue — Gross Receipts Tax Registration
New Mexico uses a Gross Receipts Tax (GRT) instead of a traditional sales tax. The state rate is 5%, with local rates bringing totals to 6–9%. All businesses must register with the NM Taxation and Revenue Department before conducting business.
Errors and Omissions (E&O) Insurance
Real estate agents and brokers are strongly advised to carry Errors and Omissions insurance. Many brokerages require agents to maintain E&O coverage as a condition of affiliation.
Federal Requirements
1 requirementEIN (Employer Identification Number)
Required if you have employees or operate as an LLC or corporation. Free from the IRS.
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