Nm real estate - Study guides, Class notes & Summaries

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 Answer ️️ -Buying Selling Leasing/Renting Auctioning Exchanging Listing Negotiating Dealing in options Real Estate Commission - Correct Answer ️️ -Governing body that issues RE licenses...

NM Broker Basics Unit 1 Quiz - NM Real Estate License Law Rated A+ Which of the following requires a real estate license? Sale of timeshare units The New Mexico real estate commissions may not impose Penalties for code of ethics violations The responsibilities of New Mexico real estate commissions do not include Regulating brokerage fees The governor of the state of New Mexico Fills vacancies in the New Mexico real estate commissions for unexpired terms referral fee to an un...

The inspector is not required to determine ____ ___ of any system or component. - Answer- -Years of age -Life expectancy -Make model Horizontal waste pipe should slope ____ inch per foot - Answer- 1/4" per foot if < 3 inch pipe. 1/8" per foot if > or = to 3 inch pipe Drip screed - Answer- Also called weep screed. Used at the base/bottom of stucco walls to release moisture. Pressure Vacuum Breaker (PVB) - Answer- Used for Backflow Prevention. Lawn Irrigation systems: install...

NM Broker Basics Unit 1 Quiz - NM Real Estate License Law Questions And Answers NM Broker Basics Unit 1 Quiz - NM Real Estate License Law Questions And Answers

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 Mexico Real Estate Commission has the following requirements - Correct Answer ️️ -Consists of 5 members, 4 of which are licensed real estate brokers, residents of the state for 3 consecutive years, ...

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. What is parent company of New Mexico Real Estate Commission (NMREC) ? - Correct Answer ️️ -the NM Regulation & Licensing Department How are NMREC's member chosen? - Correct Answer ️️ -They ...

NM Broker Basics Unit 1 License Law Questions and Answers Graded A+ Members of National Association of Realtors (NAR) Voluntary trade organization that licensees may join and subscribe to a specific code of ethics, enforce the code, through local boards and associations. New Mexico Real Estate Commission has the following requirements Consists of 5 members, 4 of which are licensed real estate brokers, residents of the state for 3 consecutive years, no more than 2 appointees can be fro...

Members of National Association of Realtors (NAR) : Voluntary trade organization that licensees may join and subscribe to a specific code of ethics, enforce the code, through local boards and associations. New Mexico Real Estate Commission has the following requirements : Consists of 5 members, 4 of which are licensed real estate brokers, residents of the state for 3 consecutive years, no more than 2 appointees can be from the same county, appointed by the governor, and governor may fil...

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 of Ethics violations The Responsibilities of the Real Estate Commission are? - Correct Answer ️️ - Enforcing the license law, rules & regulations, refusing a license for cause. The governor of...

What is the New Mexico Real Estate Commission (NMREC) ? : Government agency that enforces the license law, enacts rules to clarify and/or implement the law and sets education, application and renewal requirements. What is parent company of New Mexico Real Estate Commission (NMREC) ? : the NM Regulation & Licensing Department How are NMREC's member chosen? : They are appointed by the governor; does not require the state legislature to confirm commissioners What is the make up of the NM...