New Mexico License Law
In New Mexico, a broker who enters into a property management agreement but has no qualifying broker license is:
APermitted if they only manage their own properties
BPracticing unlicensed real estate activity for compensation, which is illegal✓ Correct
CAllowed to manage up to 5 units without a license
DExempt if working for a non-profit
Explanation
Property management for compensation is a licensed real estate activity in New Mexico. Performing it without a qualifying broker license violates NMSA 1978 §61-29 and the individual cannot recover compensation.
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