New Mexico License Law
A New Mexico associate broker wants to open their own real estate company. To do so, they must:
ASimply register the business name with the state
BFirst obtain a qualifying broker's license by meeting additional experience and education requirements✓ Correct
CPartner with a licensed attorney
DObtain a federal real estate license
Explanation
To operate an independent brokerage in New Mexico, a licensee must hold a qualifying broker's license, which requires additional experience (typically 2+ years as an active associate broker) and passing the qualifying broker's exam.
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