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 ...

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...

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

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 ...

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...

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...