New mexico broker basics - 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 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...

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New Mexico Broker Basics Final Exam Questions And Answers With Latest Quiz New Mexico Broker Basics Final Exam Questions And Answers With Latest 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...

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...

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...

Broker duties are not required to : Disclose their license number or the county issued What are the six fiduciary rights : Obedience, loyalty, disclosure, confidentiality, accounting, reasonable care and skills If you don't know the answer you should : Advised to consult an attorney if needed Unless authorized in writing a broker representing a seller/owner should not disclose to buyer/tendon : 1) seller owner will except less money 2)will agree to financing other than offered 3) m...