New mexico broker exam - Study guides, Class notes & Summaries
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New Mexico Broker Basics exam with verified solutions
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New Mexico Broker Basics exam with verified solutions
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New Mexico broker basics Exam Questions and Answers
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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...
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2023 New Mexico Broker Basics exam with verified solutions
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2023 New Mexico Broker Basics exam with verified solutions
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New Mexico broker basics final exam questions with 100% correct solutions
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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 ...
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New Mexico Broker Basic Exam Questions and Answers
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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...
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NM Broker Basics Questions and Answers Graded A+
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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 ...
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State of New Mexico Real Estate Exam Questions and Answers
- Exam (elaborations) • 19 pages • 2024
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State of New Mexico Real Estate Exam 
Questions and Answers 
A violation of real estate law or commission rules could be considered a fourth-degree 
felony, subject up to 18 months imprisonment and/or a $,5000 criminal fine. - Correct 
Answer ️️ -Exambple- would be unlicensed activity 
How long do licensee have to respond to a complaint by the Real Estate Commission? - 
Correct Answer ️️ -10 days 
If commission finds cause, what will they issue? - Correct Answer ️️ -Notice of 
Contem...
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New Mexico Broker Basics State Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
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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 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...
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New Mexico Real Estate Exam Questions and Answers Graded A+
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New Mexico Real Estate Exam 
Questions and Answers Graded A+ 
 
The commission shall be appointed by? The governor. 
 
The three functions of the commission are? Licensing, Education, Enforcement. (LEE) 
 
The commission has how many members? five members, four members must be licensed 
and one member must be nonlicensed. Not more than one member can be from the same county. 
 
Who is exempt from obtaining a license Subdivisions holding less than 99 parcels, time- 
share sales persons with 15% o...
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New Mexico Real Estate Broker Exam Questions And Answers With Latest Solutions
- Exam (elaborations) • 5 pages • 2024
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New Mexico Real Estate Broker Exam Questions And Answers With Latest Solutions 
 
New Mexico Real Estate Broker Exam Questions And Answers With Latest Solutions
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