New Mexico License Law
Under New Mexico rules, when a broker moves from one brokerage to another, what happens to the listings from the original brokerage?
AAll listings automatically follow the broker to the new brokerage
BListings belong to the brokerage (qualifying broker), not to the individual agent✓ Correct
CListings are distributed equally between the old and new brokerages
DListings must be terminated and re-listed
Explanation
In New Mexico, listing agreements are between the client and the qualifying broker (brokerage entity), not with the individual salesperson. When an agent leaves, listings remain with the brokerage unless the broker and client agree otherwise.
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