New Mexico License Law
In New Mexico, a qualifying broker's license is classified as which of the following?
AA personal privilege that expires with the broker's death
BA license that is independent and may authorize operating a brokerage independently✓ Correct
CA limited license requiring supervision
DA federal license issued by HUD
Explanation
A New Mexico qualifying broker license is an independent license that authorizes the holder to operate a real estate brokerage independently, supervise associates, and manage all aspects of a real estate practice.
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