New mexico broker - Study guides, Class notes & Summaries

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 Answer ️️ -4th degree a violator of real estate law or comission rules could be subject to __________ and/or_____________ - Correct Answer ️️ -18 months imprisonment and/or $5,000 fine. Li...

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 care and skills If you don't know the answer you should - Correct Answer ️️ -Advised to consult an attorney if needed Unless authorized in writing a broker representing a seller/owner should not...

Broker duties are not required to : Disclose their license number or the county issued What are the six fiduciary rights : Obedience, loyalty, disclosure, confidentiality, accounting, reasonable care and skills If you don't know the answer you should : Advised to consult an attorney if needed Unless authorized in writing a broker representing a seller/owner should not disclose to buyer/tendon : 1) seller owner will except less money 2)will agree to financing other than offered 3) m...

New Mexico Broker Basics Final Exam Questions And Answers With Latest Quiz New Mexico Broker Basics Final Exam Questions And Answers With Latest Quiz

New Mexico Broker Basic Questions And Answers All Are Latest Correct Solutions New Mexico Broker Basic Questions And Answers All Are Latest Correct Solutions

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 : Associate brokers must register a trade name All of the following are broker duties EXCEPT -honesty -disclosure of material facts -Attend closings -confidentiality : Attend closings The duty of honesty and reaso...

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 is false regarding trade names : associate brokers must register a trade name all of the following are broker duties except : attend closings the duty of honest and reasonable care means : Activley applying a brokers skill and expertise for the benefit of the client who regulates septic systems in new mexico : new mexico environmental improvement department when is a septic system required to be inspected and certified : prior to the transfer of ownership of the p...

2023 New Mexico Broker Basics exam with verified solutions

New Mexico Broker Basics Unit 2 Brokerage Relationships exam with verified solutions.