New Mexico License Law
An individual who receives a referral fee for referring a buyer to a New Mexico real estate broker without being licensed:
AIs permitted if the fee is under $500
BViolates New Mexico real estate license law✓ Correct
CIs permitted if the buyer consents
DIs exempt if the individual is a friend of the broker
Explanation
Receiving compensation for referring real estate clients generally constitutes performing licensed activity without a license. Only licensed individuals may receive referral fees for real estate services in New Mexico.
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