New Mexico License Law
A New Mexico qualifying broker who allows a salesperson to practice under an expired license is subject to:
ANo penalty if the salesperson takes responsibility
BDisciplinary action by the NMREC✓ Correct
COnly a civil fine from the courts
DLicense suspension for 1 year automatically
Explanation
A qualifying broker is responsible for ensuring all associated licensees maintain current, active licenses. Allowing an expired-license associate to practice is a supervisory violation subject to NMREC discipline.
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