New mexico real estate - Study guides, Class notes & Summaries

New Mexico Real Estate Broker Exam Questions And Answers With Latest Solutions New Mexico Real Estate Broker Exam Questions And Answers With Latest Solutions

New Mexico Real Estate Exam Questions And Answers Graded To Pass!!

Which of the following Requires a real estate License? A. Sale of 20 lots in a subdivision by an employee. B. Three Week rental of condominium. C. Sale of time share units. D. Sale of more than 20 personally owned properties. - C. Sale of time -share units The New Mexico Real Estate Commission may not impose A. licensing Requirements. B. penalties for Code of Ethics violations. C. disciplinary penalties. D. a recovery fund assessment. - B. penalties for Code of Ethics The responsibilit...

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...

MD Real Estate Exam- State Portion Latest Update Graded A+ Inactive Status associate real estate brokers and real estate salesperons that are no longer affiliated with licensed real estate brokers and their license certificates and pocket cards are returned to the Commission. An inactive license expires 3 years from the date it was placed on inactive status Commission pays any penalty collected to General Fund of the State Instead of, or in addition to, suspension or revocation,...

New Mexico Broker Exam Questions and Answers 100% Pass Which is FALSE regarding trade names? Associate broker must register a trade name Duties of broker not required? To attend closings What is not a broker relationship? Designated Agency Who regulates Septic systems in New Mexico New Mexico Environmental Improvement Department When is a Septic system required to be inspected and certified? Not more than 180 prior to closing What is the time that transaction files must be...

Which is FALSE regarding trade names? : Associate broker must register a trade name Duties of broker not required? : To attend closings What is not a broker relationship? : Designated Agency Who regulates Septic systems in New Mexico : New Mexico Environmental Improvement Department When is a Septic system required to be inspected and certified? : Not more than 180 prior to closing What is the time that transaction files must be maintained, even if it does not close? : 6 years 2 | P ...

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...

NM Broker Basics Questions and Answers Graded A+ Licensees have how many days to respond to a complaint by the Real Estate Commission? 10 days The deed has been signed by the grantor Title is said to pass in New Mexico when.... If a broker has not accounted for a security deposit within the required 30 days, and the tenant files suit, what could happen? Pay $250 in damages, pay attorney's fees and courts costs, and forfeit the security deposit When the transfer application is ...