New Mexico License Law
Under New Mexico law, a newly licensed salesperson must work under:
AThe New Mexico Real Estate Commission directly
BA qualifying broker✓ Correct
CAny licensed real estate professional
DA real estate school
Explanation
In New Mexico, a salesperson must work under a qualifying broker and cannot practice real estate independently.
People Also Study
Related New Mexico Questions
- A New Mexico qualifying broker who allows a salesperson to practice under an expired license is subject to:New Mexico License Law
- A New Mexico licensed salesperson who wishes to upgrade to a qualifying broker license must complete additional pre-license education AND:New Mexico License Law
- A New Mexico qualifying broker discovers that a salesperson is conducting real estate activities without disclosing their licensed status. The broker should:New Mexico License Law
- Under New Mexico law, real estate salesperson licensees must work under the supervision of:New Mexico License Law
- A salesperson in New Mexico who receives an earnest money deposit must turn it over to the qualifying broker:Agency
- In New Mexico, a qualifying broker who is also a salesperson's spouse enters into a transaction where the salesperson represents the buyer and the broker's interests are adverse. The broker must:Agency
- A New Mexico salesperson earned $45,000 in commissions. Their qualifying broker takes a 35% desk fee. The salesperson's net income (before personal taxes) is:Real Estate Math
Key Terms to Know
Math Concepts
State-Specific Concepts
License Law
Practice More New Mexico Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Mexico Quiz →