Original price was: $495.00.Current price is: $195.00.


SKU: NM_Business_Law Category:


Our Business and Law software is an interactive program that allows you to practice several exam modules consisting of hundreds of sample questions. The software simulates the experience of taking the computerized state examination with PSI.

Add both the Trade (Electrical, HVAC, Plumbing) and the Business and Law downloads to your Cart! You’ll need both programs to prepare for the PSI state examinations. Passing the Business Law exam is required for all contractor examinees.

Here is a small sample of our exam prep questions:

    • A completed I-9 form must be on file for each employee within ___ days of the hire date?
      Answer: 3 days. Reference: CGBLPM pg.10-4.
    • The best source for guidelines for Federal payroll reporting and deposit requirements is the ___?
      Answer: Internal Revenue Service Circular E. Reference: IRS Cir E.
    • According to the Fair Labor Standards Act, a laborer would be classified as what type of employee?
      Answer: Non-exempt. Reference: Certified Public Accountant.

The questions, answers, and article references have been professionally prepared by our research team to cover every topic of your upcoming examination. The combination of specific computer based training with our software, familiarity with the Rules and Regulations, and the Contractor’s Guide to Business reference manual, and your years of experience assure your success. Prep At Home today!

The following reference materials are allowed in the examination center:

        • Contractors’ Guide to Business, Law and Project Management (10th Edition ISBN: 1-934234-39-7). NASCLA Educational Resources and Publications, 23309 N. 17th Dr., Building 1, Unit 110, Phoenix, AZ 85027, (623)
        • New Mexico Construction Industries Licensing Act (NMSAChapter 60, Article 13). 2006, Conway Greene Co. (216)619-8091.
        • New Mexico Contractor’s License Requirement (NMAC Title14, Chapter 6, Part 3). 2006, New Mexico Commission of Public Records, (505) 476-7900.

Important Notes:

  • Candidates are responsible for bringing their own references to the examination center. Reference materials may be highlighted, underlined and/or indexed prior to the examination session.
    (Permanent tabs and highlighting is permitted. No notes !!!)
  • No loose papers or unbound references are permitted. If you download a reference from the Internet, it must be spiral bound or hole-punched and placed in a binder, or stapled in the left hand corner.
    (Download, print, and bind the rules and regulation references for use during your examination !!!)

Application for State Licensing must be submitted to PSI:

PSI Services LLC
2301 Yale SE, Ste. C-4
Albuquerque, NM87106
Phone: (877) 663?9276
Web Site:

  • License candidates must be pre-approved by Construction Industries prior to testing with PSI.
  • Applications submitted to PSI are usually processed in 2-3 weeks, at which time PSI will mail each license candidate a letter or postcard to indicate approval to take the examination.

Examinations are administered by PSI:

PSI Services LLC
3210 E. Tropicana, Las Vegas, NV 89121
Phone: (800) 733-9267
Web Site:

  • Be sure to carefully review your Candidate Information bulletin prior to your examination. This document contains important information regarding testing locations, fees, dates, examination content and reference materials used to make the examination.

License Requirements Summary:

  • 50 question exam, 125 minute time limit, minimum test score 75%
  • PSI Test Fee = $68
  • No additional application fee or documentation is required to take the Business and Law portion of the exam.