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New Mexico Business Law Exam Prep Services & Materials
We offer everything you need to prepare for the New Mexico Contractor Business Law Exam, required for all New Mexico Contractor license applicants.
To prepare for the New Mexico Business Law Exam, you will need the required reference manual and tabs as well as our exam prep course. We also give the option to purchase a pre-tabbed and highlighted reference manual, saving you valuable hours of highlighting the information within the book yourself.
The New Mexico Contractor Business Law Exam is required for any Contractor license applicant.
In order to schedule an examination, you must be pre-approved. Once you receive your approval, you will be responsible for contacting PSI to schedule an appointment to take an examination and make examination payment arrangements. The examination fee is valid for 1 year from the date PSI receives the fee.
Note: In addition to the trade-specific examination(s) you must either pass the Business and Law offered by PSI or take an "approved" Business and Law Course.
You can find the New Mexico Construction Licensing Application at public.psiexams.com
About Our Products and Services
We know obtaining a contractor's license is a complicated process. We're here to simplify the process as much as possible - and with our proven-effective study techniques and proprietary study materials, we can help set you up for success in the exams.
What is on the Exam?
| # of Questions | Minimum Passing Score | Time Allowed |
| 50 | 38 (75%) | 130 minutes |
| Subject Area | # of questions |
|---|---|
| Licensing Requirements | 8 |
| Estimating and Bidding | 5 |
| Business Organization and Financial Management | 8 |
| Tax Laws | 5 |
| Labor Laws | 4 |
| Project Management and Lien Law | 5 |
| Contracts | 8 |
| Risk Management | 4 |
| Environmental and Safety | 3 |
You can also refer to the PSI Candidate Information Bulletin here for more information on testing policies.
What You'll Need to Prepare for the Exam
Exam Prep Course
Our Business Law Exam Prep course is available in three options: live in-person, live-streamed via webinar, and online pre-recorded. Live courses are held every Tuesday from 3:00 - 6:30 pm ET. Our classroom is located in Richmond, Virginia, or you can join us anywhere via live interactive webinar.
See MoreBook Bundle
The New Mexico Contractors Business and Law Exam is an open-book exam. You may bring the approved references listed here into the exam with you. We also offer pre-tabbed and highlighted books as well to save you the time of tabbing and highlighting the book yourself.
See MoreTabs
Our exam prep tabs help mark the commonly referenced sections of the books used in the exam. Don't waste time flipping through your books in the timed exam - our tabs help you to be able to quickly reference important material in your books and move on to the next question without wasting valuable time.
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