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New Mexico Broker Exams Pack Questions & 100% Correct Answers | Latest Update | Graded A+ $25.99   Add to cart

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New Mexico Broker Exams Pack Questions & 100% Correct Answers | Latest Update | Graded A+

New Mexico Broker Exams Pack Questions & 100% Correct Answers | Latest Update | Graded A+

14 items

Broker Basics NM 01 Licensing Questions & 100% Correct Answers | Latest Update | Graded A+

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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 Re...

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New Mexico broker basics Questions & 100% Correct Answers | Latest Update | Graded A+

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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 neede...

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New Mexico Broker Basics Questions & 100% Correct Answers | Latest Update | Graded A+

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Changes or amendments to Commission rules are effective ____ days after notification to all active licensees : 30 a violation of real estate law or commission rules could be considered a _______________ felony : 4th degree a violator of real estate law or comission rules could be subject to ...

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New Mexico broker basics final exam Questions & 100% Correct Answers | Latest Update | Graded A+

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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 ...

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New Mexico Broker Basic Questions & 100% Correct Answers | Latest Update | Graded A+

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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 mus...

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New Mexico Broker Exam Questions & 100% Correct Answers | Latest Update | Graded A+

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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 ...

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New Mexico Real Estate Broker Basics Questions & 100% Correct Answers | Latest Update | Graded A+

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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 a 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 ma...

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New Mexioc Real Estate Broker Exam Questions & 100% Correct Answers | Latest Update | Graded A+

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Which of the following is false regarding trade name? : Associate brokers must register trade name. Mechanic's lien laws affecting real property : require the lien to be recorded for it be enforceable. A qualifying broker opens a virtual office. Where must the qualifying broker keep the licen...

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NM Broker Basics Questions & 100% Correct Answers | Latest Update | Graded A+

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What does not requires a real estate license? : Sale of 99 lots in a subdivision, short term rentals, sale of personally owned property. The Real Estate Commission may not impose? : penalties for Code of Ethics violations The Responsibilities of the Real Estate Commission are? : Enforcing the...

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NM Broker basics unit 2 quiz-brokerage relationships Questions & 100% Correct Answers | Latest Update | Graded A+

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When acting as a property manager for a Principal, the brokerage relationship is which of the following? : Exclusive agency Every licensee must meet disclosure requirements to any client. Disclosure must include which of the following? : Disclosure of any conflict of interest, description of ...

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NM Broker Basics Questions & 100% Correct Answers | Latest Update | Graded A+

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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, ...

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NM broker basics unit 1 quiz - NM real estate license law Questions & 100% Correct Answers | Latest Update | Graded A+

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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...

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NM Broker Basics Questions & 100% Correct Answers | Latest Update | Graded A+

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54321 NMREC : 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 : Buying Selling Leasing/Renting Auctioning Exchanging Listing Negotiating Deal...

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NM Broker Basics Unit 1 License Law Questions & 100% Correct Answers | Latest Update | Graded A+

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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,...

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