New Mexico License Law
In New Mexico, the penalty for practicing real estate without a license includes:
AOnly a civil fine of up to $500
BCriminal misdemeanor or felony charges plus inability to collect any compensation for the unlicensed activity✓ Correct
CMandatory attendance at real estate school
DOnly a warning letter from the NMREC
Explanation
Engaging in real estate activities without a license in New Mexico is a criminal offense under NMSA 1978 §61-29. The unlicensed person also forfeits any right to compensation for those unlicensed activities.
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