New Mexico License Law
In New Mexico, errors and omissions (E&O) insurance for real estate licensees is:
ARequired by federal law
BRequired by NMREC rules for all active licensees✓ Correct
COptional but recommended
DOnly required for qualifying brokers
Explanation
NMREC requires all actively licensed New Mexico real estate professionals to carry errors and omissions (E&O) insurance as a condition of maintaining an active license.
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