Nm real estate - Study guides, Class notes & Summaries

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 enforceable. A qualifying broker opens a virtual office. Where must the qualifying broker keep the licenses of his associate brokers? - Correct Answer ️️ -Photo or scanned images of the licenses ...

NM Broker Basics 01 Licensing Questions And Answers With Verified Solutions NM Broker Basics 01 Licensing Questions And Answers With Verified Solutions

New Mexico Broker Basic Exam Questions and Answers Which of the following is FALSE regarding trade names? -trade names are registered with the commission -the brokerage must be conducted from the address as registered -associate brokers must register a trade name -a qualifying broker may register more than one trade name - Correct Answer ️️ - Associate brokers must register a trade name All of the following are broker duties EXCEPT -honesty -disclosure of material facts -Attend cl...

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 unlicensed person for information leading to a listing : Is a violation o...

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 of honest and reasonable care means - Correct Answer ️️ -Activley applying a brokers skill and expertise for the benefit of the client who regulates septic systems in new mexico - Correct Answer ...

NM Broker Basics Unit 1 License Law Questions And Answers 2024 Updated Quiz NM Broker Basics Unit 1 License Law Questions And Answers 2024 Updated Quiz

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: installed v...

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 must include which of the following? - Correct Answer ️️ -Disclosure of any conflict of interest, description of licensed broker duties, notice of an in-house transaction - all of these Which...

New Mexico Broker Exam Questions and Answers Which is FALSE regarding trade names? - Correct Answer ️️ -Associate broker must register a trade name Duties of broker not required? - Correct Answer ️️ -To attend closings What is not a broker relationship? - Correct Answer ️️ -Designated Agency Who regulates Septic systems in New Mexico - Correct Answer ️️ -New Mexico Environmental Improvement Department When is a Septic system required to be inspected and certified? - Correc...