New mexico broker - Study guides, Class notes & Summaries

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...

New Mexico Broker Exam Questions and Answers 100% Pass 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 a Septic system required to be inspected and certified? Not more than 180 prior to closing What is the time that transaction files must be...

New Mexico Broker Basics Complete Study Questions And Answers 2024 Solutions New Mexico Broker Basics Complete Study Questions And Answers 2024 Solutions

New Mexico Broker Basics Questions And Answers With Latest Study Quiz New Mexico Broker Basics Questions And Answers With Latest Study Quiz

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...

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 a Septic system required to be inspected and certified? : Not more than 180 prior to closing What is the time that transaction files must be maintained, even if it does not close? : 6 years 2 | P ...

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 __________ and/or_____________ : 18 months imprisonment and/or $5,000 fine. Licensees have ____ days to respond to a complaint by the real estate commission : 10 If it finds cause, the commissio...

New Mexico Broker Exam Questions And Answers With Latest Study Quiz New Mexico Broker Exam Questions And Answers With Latest Study Quiz

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...