New Mexico Real Estate Bundled Exams Questions and Answers 100% Verified and Updated | Graded A

NM Real Estate Practice Exam Questions and Answers Feet in an acre - Correct Answer ️️ -43,560 ft Feet in a Mile - Correct Answer ️️ -5,280 ft A Plat - Correct Answer ️️ -An unofficial map or plan of a parcel of land that's been or will be subdivided to show the boundaries of each ...

NM Broker basics unit 2 quiz-brokerage relationships Questions and Answers When acting as a property manager for a Principal, the brokerage relationship is which of the following? - Correct Answer ️️ -Exclusive agency Every licensee must meet disclosure requirements to any client. Disclosure...

New Mexioc Real Estate Broker Exam Questions and Answers Which of the following is false regarding trade name? - Correct Answer ️️ -Associate brokers must register trade name. Mechanic's lien laws affecting real property - Correct Answer ️️ -require the lien to be recorded for it be en...

State of New Mexico Real Estate Exam Questions and Answers A violation of real estate law or commission rules could be considered a fourth-degree felony, subject up to 18 months imprisonment and/or a $,5000 criminal fine. - Correct Answer ️️ -Exambple- would be unlicensed activity How long ...

New Mexico Real Estate Law Exam Questions and Answers A broker is performing as a property manager and deposits rent into her operating account. This is an example of which of the following? - Correct Answer ️️ -The answer is COMMINGLING. Mixing a broker's money with a client's money is c...

Broker Basics NM 01 Licensing Exam Questions and Answers What is the New Mexico Real Estate Commission (NMREC) ? - Correct Answer ️️ - Government agency that enforces the license law, enacts rules to clarify and/or implement the law and sets education, application and renewal requirements. ...

NM Broker Basics Exam Practice Questions and Answers 54321 NMREC - Correct Answer ️️ -5 appointed members of the state and serve for 5 yrs 4 must be licensed RE brokers 3 consecutive years as state resident 2 (no more than) 1 Unlicensed member of the public RE Broker functions - Correct A...

New Mexico broker basics Exam Questions and Answers Broker duties are not required to - Correct Answer ️️ -Disclose their license number or the county issued What are the six fiduciary rights - Correct Answer ️️ -Obedience, loyalty, disclosure, confidentiality, accounting, reasonable ca...

NM Broker Basics Unit 1 License Law Questions and Answers Members of National Association of Realtors (NAR) - Correct Answer ️️ -Voluntary trade organization that licensees may join and subscribe to a specific code of ethics, enforce the code, through local boards and associations. New Mexi...

NM Broker Basics Quiz 1 with 100% Correct Answers What does not requires a real estate license? - Correct Answer ️️ -Sale of 99 lots in a subdivision, short term rentals, sale of personally owned property. The Real Estate Commission may not impose? - Correct Answer ️️ -penalties for Code ...

New Mexico Broker Basics 2024 Questions and Answers Changes or amendments to Commission rules are effective ____ days after notification to all active licensees - Correct Answer ️️ -30 a violation of real estate law or commission rules could be considered a _______________ felony - Correct ...

New Mexico broker basics final exam questions with 100% correct solutions Which of the following is false regarding trade names - Correct Answer ️️ -associate brokers must register a trade name all of the following are broker duties except - Correct Answer ️️ -attend closings the duty o...

NM Broker Basics Exam Questions and Answers Licensees have how many days to respond to a complaint by the Real Estate Commission? - Correct Answer ️️ -10 days The deed has been signed by the grantor - Correct Answer ️️ -Title is said to pass in New Mexico when.... If a broker has not ac...