New mexico real estate - Study guides, Class notes & Summaries
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State of New Mexico Real Estate Questions & 100% Correct Answers | Latest Update | Graded A+
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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. 
: Exambple- would be unlicensed activity 
How long do licensee have to respond to a complaint by the Real Estate Commission? 
: 10 days 
If commission finds cause, what will they issue? 
: Notice of Contemplated Action ( NCA) 
If there is a false statement on license application, what does commission do? 
: Will issue NCA for hearing...
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New Mexico Real Estate Law Questions & 100% Correct Answers | Latest Update | Graded A+
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A broker is performing as a property manager and deposits rent into her operating 
account. This is an example of which of the following? 
: The answer is COMMINGLING. Mixing a broker's money with a client's money is 
commingling (and illegal). 
A lessee has the greatest protection with a(n) 
: The answer is ESTATE FOR YEARS. An estate for years locks the holder into 
the lease for a specific period of time, which cannot be terminated without cause, even if 
the property is sold. 
A broker...
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New Mexico Real Estate Broker Exam Questions And Answers With Latest Solutions
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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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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 Bundled Exams Questions and Answers Already Passed
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New Mexico Real Estate Bundled Exams Questions and Answers Already Passed
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New Mexico Real Estate Questions and Answers Graded A+
- Exam (elaborations) • 3 pages • 2024
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New Mexico Real Estate Questions and 
 
Answers Graded A+ 
 
General Warranty Deed Deed containing full warranty of title, Offers greatest protection 
 
Nonconforming use Existing use that doesn't meet current zoning standards 
 
metes and bounds a method of describing real estate, using boundary lines with terminal 
points and angles 
 
Warranty Deed Has the most covenants 
 
executory contract A contract that has not as yet been fully performed. 
 
Constructive Eviction A landlord allows a bu...
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new mexico real estate comission exam with verified solutions.
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new mexico real estate comission exam with verified solutions.
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New Mexico Real Estate Broker Basics | Questions And Answers With Verified Study Solutions
- Exam (elaborations) • 16 pages • 2024
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New Mexico Real Estate Broker Basics | Questions And Answers With Verified Study Solutions 
 
New Mexico Real Estate Broker Basics | Questions And Answers With Verified Study Solutions
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State Of New Mexico Real Estate Questions And Answers With Latest Solutions
- Exam (elaborations) • 15 pages • 2024
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State Of New Mexico Real Estate Questions And Answers With Latest Solutions 
 
State Of New Mexico Real Estate Questions And Answers With Latest Solutions
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New Mexico Real Estate Law Questions And Answers With Latest Quiz
- Exam (elaborations) • 11 pages • 2024
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New Mexico Real Estate Law Questions And Answers With Latest Quiz
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