New Mexico License Law
In New Mexico, a person licensed as a real estate salesperson may receive commissions only from:
AThe buyer or seller directly
BTheir qualifying broker✓ Correct
CEither party to the transaction
DThe MLS association
Explanation
New Mexico law prohibits salespersons from receiving compensation directly from parties to a transaction. All commissions must be paid through (and by) the qualifying broker.
Related New Mexico New Mexico License Law Questions
- In New Mexico, the qualifying broker must ensure the office has a clearly displayed sign with the brokerage name. This requirement relates to:
- Under New Mexico law, a newly licensed salesperson must work under:
- A New Mexico real estate license application requires the applicant to be at least:
- Which of the following is exempt from the New Mexico real estate licensing requirement?
- What is the license renewal period for New Mexico real estate licensees?
- Under New Mexico law, real estate salesperson licensees must work under the supervision of:
- The New Mexico Real Estate Commission is composed of how many members?
- Inactive license status in New Mexico means the licensee:
Practice More New Mexico Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Mexico Quiz →