New Mexico Business and Law Examination

Requirements to Obtaining your License

• Anyone seeking to become a contractor in New Mexico is required to sit for two exams, business and law and the trade.

Exam Details

• The New Mexico Business and Law Exam has 50 questions and a time limit of 125 minutes.
• A 75% is required to pass.
• Topics on the exam include licensing requirements, estimating and bidding, business organization and financial management, tax laws, labor laws, project management and lien law, contractors, risk management, and environment and safety.
• The fee for the exam is $44. To schedule your exam, you must be first pre-approved. After you have been approved you can contact PSI at 1-800-733-9267 to schedule a testing date.

Books and References for the Exam

The following references are permitted to be taken into the examination. These references may be tabbed (with a permanent index tab) and highlighted. It is available for purchase from our online contractor’s bookstore or by calling our office at 1-800-952-0910.

• Contractors Guide to Business and Project Management
• New Mexico Construction Industries Licensing Act (Available to Print Online)
• New Mexico Contractor's License Requirement (Available to Print Online)

Exam Review, Training, Education

We offer review for the New Mexico Business and Law exam through online practice tests. Our practice tests include over 245 questions and are designed to be the best and most efficient way to prepare you for your business and law examination. Each time you take the practice test, the questions our randomly generated from our database so you never see the same test twice. For more information on our online class, contact our office at 1-800-952-0910 or click here to enroll.

Online Class Price: $69