New Mexico requires a state-level real estate appraiser license. The licensing authority is State Board of Real Estate Appraisers. The median salary is $55,819 per year.
Last updated 2026-05-08
New Mexico requires a real estate appraiser to hold a state license. Estimate the value of real property for sales, mortgages, taxes, and insurance purposes. Licensing is administered by the State Board of Real Estate Appraisers.
| Minimum Age | 18 years old |
| Education | 75-300 hours education + 1,000-3,000 hours supervised experience (varies by credential level) |
| Experience Details | 75-300 hours education + 1,000-3,000 hours supervised experience (varies by credential level) |
New Mexico requires passing the New Mexico State Appraiser Licensing Exam with a minimum score of 70%. The application fee is $100.
| Exam Name | New Mexico State Appraiser Licensing Exam |
| Passing Score | 70% |
| Code Edition | State Appraiser Licensing Exam |
| Application Fee | $100 |
Getting licensed as a real estate appraiser in New Mexico takes 24 months on the typical path. Here are the steps.
The total cost includes an exam application fee of $100 and renewal fees of $100 every 2 years. Continuing education of 28 hours is required per renewal cycle.
| Fee | Amount |
|---|---|
| Exam Application | $100 |
| License Renewal | $100 every 2 years |
| Continuing Education | 28 hours |
Real Estate Appraisers in New Mexico earn a median salary of $55,819, which is less than the national average. Data from BLS OEWS May 2024.
| Mean (average) | — / year |
| Entry level (10th pct) | — |
| Top earners (90th pct) | — |
| Total employed | — in New Mexico |
| National average | $61,340 |
Yes — New Mexico requires a state-level real estate appraiser license. Estimate the value of real property for sales, mortgages, taxes, and insurance purposes.
The required exam is the New Mexico State Appraiser Licensing Exam. You need a score of 70% to pass. The exam fee is $100.
The median annual salary for real estate appraisers in New Mexico is $55,819. The national median is $61,340.
New Mexico requires 28 hours of continuing education for license renewal every 2 years.
The fastest path takes approximately 6 months. The typical path takes 24 months including experience requirements.