New mexico real estate - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about New mexico real estate? On this page you'll find 197 study documents about New mexico real estate.
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NM Broker Basics Unit 1 License Law Questions and Answers Graded A+
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NM Broker Basics Unit 1 License Law 
Questions and Answers Graded A+ 
 
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, 4 of which are licensed real estate brokers, residents of the state for 3 consecutive 
years, no more than 2 appointees can be fro...
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NM broker basics unit 1 quiz - NM real estate license law Questions & 100% Correct Answers | Latest Update | Graded A+
- Exam (elaborations) • 4 pages • 2024
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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 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...
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NM Broker Basics Unit 1 License Law Questions & 100% Correct Answers | Latest Update | Graded A+
- Exam (elaborations) • 8 pages • 2024
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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, 4 of which are licensed real estate brokers, residents of 
the state for 3 consecutive years, no more than 2 appointees can be from the same 
county, appointed by the governor, and governor may fil...
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NM Real Estate Test Sept. 2024 Questions and Answers
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NM Real Estate Test Sept. 2024 
Questions and Answers 
When is the priority of water rights determined? - Correct Answer ️️ -A) When the 
permit is filed with the engineer's office 
Associate Brokers must complete how many hours of continuing education for their 
renewal? - Correct Answer ️️ -C) 36 hours 
Fingerprint results are valid for? - Correct Answer ️️ -D) Not older than 21 days prior to 
application 
All of the following are duties of the New Mexico Real Estate Commission EX...
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NM broker basics unit 1 quiz - NM real estate license law with 100% Correct Answers
- Exam (elaborations) • 3 pages • 2024
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Broker Basics NM 01 Licensing Exam Questions and Answers
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Broker Basics NM 01 Licensing Exam 
Questions and Answers 
What is the New Mexico Real Estate Commission (NMREC) ? - Correct Answer ️️ - 
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) ? - Correct 
Answer ️️ -the NM Regulation & Licensing Department 
How are NMREC's member chosen? - Correct Answer ️️ -They ...
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AYPO Real Estate Principles of Real Estate I Exam Study Guide Already Passed
- Exam (elaborations) • 14 pages • 2024
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AYPO Real Estate Principles of Real Estate I Exam Study Guide Already Passed TREC has the authority under TRELA to suspend or even revoke a broker's license if: They conduct the unlawful practice of law 
ESAC stands for: Education Standards Advisory Committee 
What refers to a location from an economic rather than a geographic standpoint? Situs. 
Which amendment guarantees that a citizen will not be deprived of property without due process of law? 5th Amendment. 
The CFPB is the: Consumer Finan...
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New Mexico Broker Basics 2024 Questions and Answers
- Exam (elaborations) • 8 pages • 2024
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New Mexico Broker Basics 2024 
Questions and Answers 
Changes or amendments to Commission rules are effective ____ days after notification 
to all active licensees - Correct Answer ️️ -30 
a violation of real estate law or commission rules could be considered a 
_______________ felony - Correct Answer ️️ -4th degree 
a violator of real estate law or comission rules could be subject to __________ 
and/or_____________ - Correct Answer ️️ -18 months imprisonment and/or $5,000 
fine. 
Li...
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New Mexico broker basics Exam Questions and Answers
- Exam (elaborations) • 7 pages • 2024
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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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New Mexico broker basics final exam questions with 100% correct solutions
- Exam (elaborations) • 4 pages • 2024
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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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