New Mexico License Law
Under NMSA 1978 Chapter 61 Article 29, what is the penalty for practicing real estate without a license in New Mexico?
AA warning letter only
BCivil penalties, inability to collect compensation, and possible misdemeanor criminal charges✓ Correct
CA $100 fine
DAutomatic licensure after 6 months
Explanation
Practicing real estate without a license in NM is illegal. Penalties include civil fines, inability to collect or sue for any compensation earned, and potential misdemeanor criminal charges under NMSA 1978 Ch. 61 Art. 29.
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