New Mexico License Law
Which of the following statements about New Mexico real estate license law is TRUE?
ASalesperson licenses are issued in New Mexico
BNew Mexico uses a two-tiered licensing structure: associate broker and qualifying broker✓ Correct
CThere is no pre-licensing education requirement in New Mexico
DNew Mexico licenses expire every year
Explanation
New Mexico uses a two-tiered structure: associate broker (the entry-level license) and qualifying broker (the managing/supervising license). New Mexico does not use the term 'salesperson.
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