New Mexico License Law
A New Mexico qualifying broker who discovers a salesperson committed a disclosure violation must:
AAllow the salesperson to handle it independently
BTake corrective action, report to NMREC if required, and supervise remediation✓ Correct
CIgnore it if the transaction has already closed
DOnly counsel the salesperson privately
Explanation
Qualifying brokers are responsible for supervising all associates. When a violation is discovered, the broker must take corrective action and may be required to report material violations to the NMREC.
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