New Mexico License Law
In New Mexico, 'substantial misrepresentation' by a licensee in a real estate transaction may result in:
ANo consequence if accidental
BNMREC discipline regardless of intent, plus potential civil liability to damaged parties✓ Correct
CA warning only for first-time violations
DReferral to the local REALTOR association only
Explanation
Substantial misrepresentation — whether intentional or negligent — violates NM license law. NMREC may discipline the licensee regardless of intent (revocation, suspension, fine), and the harmed party may seek civil damages through the courts.
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