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new mexico real estate comission exam with verified solutions.
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new mexico real estate comission exam with verified solutions.
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new mexico real estate comission exam withverified solutions
new mexico real estate comission has __ members - answer 5
__ members must be licensed as associate or qualifying brokers and ___
member of the public - answer 4 ; 1
all members are appointed by the _____ - answer government
members serve ____ year terms and must have lived in the state for at
least ___ years before their appointment - answer 5 year terms
3 years lived
the commission performs the following functions - answer 1. determine
the qualifications for earning licensure in NM
2. overseeing examination content, standards, rules
3. setting fees for applications, exams, license renewals etc
4. denying, suspending, revoking, or reinstating real estate licenses
5. initiating investigations
does the NMREC adminster hearings, give legal advice, or regulate
comissions? - answer no
associate broker requirements - answer 90hours
30 real estate law
30 broker basics
30 real estate principles and practice
qualitying broker requirements - answer must attend one comission
meeting, rule hearing, or discipline hearing and complete 46 hours of 30
, hour broker office admin course + 8 hours of understanding realtors + 8
hours of electives
NM has reciprocity with what states - answer Massachusetts, louisians,
and georgia
new associate brokers requirements - answer complete a 30 hours new
broker business practices course or the CCIM 101 course during the first
year of licensure
during the 3 year renewal all brokers must complete - answer 36 hours of
continuing education
E & omissions insurance - answer 100,000 in coverage
limit of 500,000 per individual
1,000 per claim deductible
applicants must complete pre licensing course no more than ___ years
prior to applying to take the licensing exams - answer 3 years
after passsing both state and national exams how long do you have to
apply for license in NM - answer 6 months
after passing the exam and getting license what course must you take
annually - answer the core course
If a New Mexico associate broker submits an affiliation transfer with
NMREC, when is the transfer effective? - answer The date all required
items are received and stamped by NMREC
unlicensed assistants cannot - answer call consumers to solicit business
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