New Mexico License Law
In New Mexico, when a licensed real estate salesperson takes a temporary leave of absence (inactive status), they must:
ASurrender their license permanently
BContinue paying renewal fees and completing CE to reactivate, but may not practice during inactive status✓ Correct
CAutomatically have their license converted to a qualifying broker license
DApply for a new license upon returning
Explanation
Inactive status allows a licensee to maintain their New Mexico license while not practicing. They must continue meeting renewal requirements (fees, CE) and reactivate by affiliating with a qualifying broker before practicing again.
Related New Mexico New Mexico License Law Questions
- In New Mexico, the penalty for practicing real estate without a license includes:
- Under New Mexico rules, which of the following describes the 'supervision requirement' for qualifying brokers?
- The New Mexico Real Estate Commission's administrative hearings are governed by:
- The NMREC has authority to investigate complaints against licensees and may impose which penalties?
- Which of the following statements about the New Mexico Real Estate Commission's composition is correct?
- Inactive license status in New Mexico means the licensee:
- A New Mexico qualifying broker who wishes to operate a real estate office must:
- Which state agency is responsible for licensing and regulating real estate professionals in New Mexico?
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