Aspects of a method and system for transmission or reception of FM signals utilizing a DDFS clocked by an RFID PLL are provided. In this regard, one or more signals utilized to transmit or receive FM communication may be generated by clocking a DDFS via a signal generated to enable RFID communication. The DDFS may be controlled via a control word from a processor. In this regard, the control word may determine a frequency and/or phase of the signals output by the DDFS. The control word may be switched between two or more values to generate different frequencies and/or phases in different time intervals. Additionally, the control word may be adjusted to maintain a constant phase and/or frequency in spite of changes to the signal clocking the DDFS.