New Mexico License Law
A person who acts as a real estate agent in New Mexico without a license is:
AOnly subject to a small fine
BSubject to criminal penalties and unable to collect compensation✓ Correct
CAllowed if they complete the license exam within 30 days
DExempt if they only do commercial real estate
Explanation
Practicing real estate without a license in New Mexico is a criminal offense. An unlicensed person who performs real estate services is also barred from collecting any compensation for those services.
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