Package Overview

Build your confidence for the New Mexico Contractor Business & Law exam with a flexible online course and the approved reference books. Study licensing, estimating, contracts, financial management, tax and labor laws, project management, lien laws, risk management, and safety. Practice using your references under timed conditions before test day.

What's Included

  • Self-paced online Business & Law exam prep
  • Recorded instruction and learning modules
  • Practice quizzes
  • Exam simulator
  • New Mexico Business & Law reference bundle
  • New Mexico Business & Law exam tab set
Class Days & Times

This is an entirely online, self-paced course. Our online pre-recorded content is available 24/7 with unlimited access for 180 days after purchase.

If you require an extension after your initial 180 days of course access, contact our support team to request a course extension for $150.

Exam Overview

The New Mexico Contractor Business & Law examination is administered by PSI and is open book. The exam has 50 questions, a 75% passing score, and a 130-minute time limit.

Books & Exam References

Your package includes the New Mexico Business & Law reference books and an exam tab set so you can organize the books as you study. Only materials permitted by PSI may be brought into the testing room.

  • NASCLA Contractors' Guide to Business, Law and Project Management (Basic)
  • New Mexico Contractor's License Requirement (NMAC Title 14, Chapter 6, Part 3)
  • New Mexico Construction Industries Licensing Act (NMSA Chapter 60, Article 13)
Licensing Requirements

New Mexico licenses contractor businesses and requires a qualifying party for each applicable classification. Qualifying parties generally must document relevant experience and satisfy trade-exam requirements. New qualifying-party applicants must also pass the PSI Business & Law examination or complete an approved Business & Law course.

FAQs

Is this an approved course that waives the Business & Law exam?

No. It prepares you to take the PSI exam.

Are books included?

Yes, the package includes all reference books used for the open-book exam, plus a tab set.

Can I study at my own pace?

Yes, the online lessons are self-paced.

Does this prepare me for the NASCLA Commercial Builder exam?

No. That is a separate exam prep pathway.

Can CTC assist with licensing paperwork?

Yes, explore our separate Application Processing Services.

Customer Reviews

90% 90%

First-time pass rate

60,000+ 60,000+

Professionals trained

Access Period 6 Months

Unlimited access to all content