New Mexico License Law
A New Mexico qualifying broker is personally liable for which of the following?
AOnly their own actions in transactions
BTheir own actions AND actions of supervised associates that the broker authorized, ratified, or failed to adequately supervise✓ Correct
COnly if a client files a lawsuit
DNothing—only the individual salesperson is liable
Explanation
Qualifying brokers bear both personal liability for their own actions and vicarious liability for the licensed activities of their associates. Failure to supervise can expose the broker to liability for an associate's violations.
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