Nm broker - Study guides, Class notes & Summaries

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 ...

NM Broker Basics Unit 1 Quiz - NM Real Estate License Law Questions And Answers NM Broker Basics Unit 1 Quiz - NM Real Estate License Law Questions And Answers

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NM Broker Basics Unit 1 License Law Questions and Answers Members of National Association of Realtors (NAR) - Correct Answer ️️ -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 - Correct Answer ️️ -Consists of 5 members, 4 of which are licensed real estate brokers, residents of the state for 3 consecutive years, ...

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...

NM Broker Basics Quiz 1 with 100% Correct Answers What does not requires a real estate license? - Correct Answer ️️ -Sale of 99 lots in a subdivision, short term rentals, sale of personally owned property. The Real Estate Commission may not impose? - Correct Answer ️️ -penalties for Code of Ethics violations The Responsibilities of the Real Estate Commission are? - Correct Answer ️️ - Enforcing the license law, rules & regulations, refusing a license for cause. The governor of...

NM Broker Basics Exam Questions and Answers Licensees have how many days to respond to a complaint by the Real Estate Commission? - Correct Answer ️️ -10 days The deed has been signed by the grantor - Correct Answer ️️ -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? - Correct Answer ️️ -Pay $250 in damages, pay attorney's fees and courts costs, and for...