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New Mexico Business and Law Exam
Contractor Licensing, Education & Exam Prep
The Business Law requirement is in place for nearly all contractors in the state. Either a passing score on the Business and Law exam or completion of an approved course will satisfy this requirement. We have the books, courses, and professionals ready to help you pass. All our training is offered in an online self-paced format. Our exam prep is not only designed to help you pass your test the first time, but is also designed to teach you valuable knowledge for your career. The courses are available from almost any device, any time. We hope that you will make RocketCert your home to help you obtain your New Mexico Contractor's License.
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$129Bus. & Law
Exam Prep -
$232$209Prep, Book, Tabs
Bundle
What type of work can be done with this license?
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Contracting
This exam is required by the state to obtain any type of Contractor license.
What are the requirements to getting a license?
Requirements- Pass 2 exams with 70% on each
- Schedule testing for exams through PSI 1-800-733-9267
- New Mexico Business and Law
- Trade Exam
- Obtain required experience
- GB-2 Residential Building: 2 years/2,000 hours
- All other major trades: 4 years/4,000 hours
- Submit complete application
How do I obtain a license?
To apply for your license, contact the New Mexico Regulation and Licensing Department at 505-476-4500 or visit the New Mexico board of licensing contractors website to submit online.
As of this time, contractors are not required to have continuing education. Reciprocity agreements exist for a variety of license classifications / States.
With RocketCert, our education is written by a combination of professional educators and industry professionals. We pride ourselves on providing industry leading customer service. Also, if you find a better original price on any online course that we offer, we will beat it by 10%.
The first step is to obtain pre-approval for your exam. This can be completed by submitting an Examination Registration Form to PSI. Once approved, applicants remain approved for 6 months. Most major trade exams can be taken only twice during the eligibility period.
Preparing to pass the State exam(s) is a critical part of the licensing process. Failing the exam can result in substantial delays before you are able to work under your license. You must pass the Business and Law examination and the Trade examination within 1 year. We offer industry leading exam prep and all of the required books, at an unbeatable price.
After studying with RocketCert, you will be on your way to passing the required State exam(s). Contact PSI at 855-807-3994 to begin this process. Testing centers are setup throughout the State in larger cities.
After completing all the steps above, it will be time to apply to obtain your New Mexico Contractors License. Have questions or concerns with this process (or just a lack of time)? Learn more about how we can assist with our Application Processing Program.
Which exam do I need to take?
To schedule your Business Law exam, visit psiexams.com or call 855-807-3994.
New Mexico Contractors must pass two examinations: Business Law and Trade exam.
Business Law Exam
- Number of questions: 50
- Passing Score: 75% correct
- Time allowed: 130 minutes
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Topics include: Licensing Requirements; Estimating and Bidding; Business Organization and Financial Management; Tax Laws; Labor Laws; Project Management and Lien Law; Contracts; Risk Management; Environmental and Safety.
Trade Exams
New Mexico offers multiple types of contractor licenses, each with an additional exam. We offer courses for all types of New Mexico contractors. For example:
How do I pass the exam?
The New Mexico exams are open book. The references below are permitted to be tabbed, highlighted, and used during your test! Unfortunately, our online course is NOT permitted to be accessed during the State exam.
The exam prep includes math and accounting, highlighting guides covering the topics your exam is based on, practice questions for each reference, and unlimited attempts on our "test simulation".
Online Exam Prep Includes:
- Math & Accounting Lessons - Here, we teach you math concepts and how to solve accounting questions on test day.
- Highlighting Guides - Introduce the critical information in your book(s). This will familiarize you with each book’s content and its layout.
- Quizzes - These practice quizzes are based on each individual book/reference. They reinforce key concepts.
- Test Simulation / Practice Exam - Comprehensive exams randomly generated from our database of questions. Test simulations are restricted by time, and hints are disabled. Test simulations are as close to the real exam as you can get.
- Guide to Tabbing - This section includes tabbing books and other test taking strategies to keep calm and focused during the exam.
New Mexico Business and Law Online Exam Prep
Lifetime Online Access to:
- New Mexico Business and Law Online Exam Prep
Our Online Exam Prep features:
- Instant Online Access
- Start & Stop as needed
- Instructor Support
- No Pass No Pay Policy
Ideal for students who already own all references
$129
New Mexico Business and Law Exam Bundle
Includes the following courses:
- New Mexico Business and Law Online Exam Prep
Plus the following:
- All the books to use during the exam
- Permanent/Pre-Printed Tabs
- Free Shipping!
- Instructor Support
- No Pass No Pay Policy
- Lifetime Access from nearly any device
The Following References are Allowed to be Used During the Exam:
NASCLA Contractors Guide to Business, Law and Project Management, Basic Edition
1 Book Tab Bundle
Permanent Blank Tabs - 375 Pack
Why should I choose RocketCert?
At RocketCert, we strive to be the best (while having fun in the process). This means having not only the best quality of education, but also industry leading technology. Best yet, we are here for you 7 days a week. Have a question or comment? Give us a call or contact us to send us a message. Ready to begin? Select from the training below and start immediately. Of course, you can resume later!
Why pay for something knowing your time with it is limited? At RocketCert, we believe in offering lifetime access to your training, even though it will not be needed.
Our education is written by industry experts. We believe in helping you with your career, and that help begins with offering best in class education.
We are here for you. Have a question? Need support? Our team is available 7 days a week for technical support. We pride ourselves in taking care of you.
Our training is available 24/7, and you can start and stop as needed. With our mobile ready courses, you can take from nearly any device at any location.