New Mexico Administrative Code

A. Participation: A firm seeking to obtain or renew a firm permit to provide accounting and auditing services in New Mexico must be enrolled in a peer review program and undergo a peer review pursuant to Section 6.60.4.10 B of the 1999 Public Accountancy Act, Peer review program …

General Public - All certified public accountant (CPA) and registered public accountant (RPA) business entities seeking authority to practice as a CPA or RPA firm.

1999 Public Accountancy Act, Sections 61-28B-1 to 61-28B-29 NMSA 1978.

Permanent.

February 14, 2002, unless a lager date is cited at the end of a section.

To prescribe requirements for firm permit application, renewal and reinstatement, business name prohibitions and peer review program implementation, administration and oversight.

[RESERVED]

A. Pursuant to Subsection B of Section 12 and Subsections A, B, E, F and L of Section 13 of the act, any CPA or RPA acting as the sole proprietor, partner, shareholder or member of a legal business entity who performs or offers to perform accountancy for a client or potential cli…

A. Misleading firm names: A firm name or trade name is misleading pursuant to Section 19 of the act if, among other things, the firm name or trade name: (1) is not the lawful and registered name of the firm; (2) implies the existence of a corporation when the firm is not a corpor…

State of New Mexico Public Accountancy Board.

The board may solicit and receive publicly available reports and related financial statements from clients, public agencies, banks, and other users of financial statements of certificate holders/licensees and firm-permit holders and individuals with privileges under the act on a …

In addition to abiding by the AICPA code of professional conduct, New Mexico CPA/RPA certificate/license holders shall abide by the following board rules: A. Responses to board communications. The individual applicant, certificate holder, or registration holder of a certificate/l…

A. A licensee shall not perform services for a client if the performance of such services will be directly or substantially adverse to another client unless: (1) the licensee reasonably believes the performance of such services for one client will not adversely affect the relatio…

A. Pursuant to Section 61-28B-26 and 61-28B-13 NMSA 1978, a person whose principal place of business is not in New Mexico can use the term CPA while serving clients in New Mexico as long as the CPA is actively licensed in good standing in his principal place of business and is el…

A. Convictions for any of the following offenses, or their equivalents in any other jurisdiction, are disqualifying criminal convictions that may disqualify an applicant from receiving or retaining a license issued by the board: (1) Crimes involving homicide, murder, manslaughter…

This part applies to the code of professional conduct as promulgated under the authority granted by applicable New Mexico statutes, which delegates to the State of New Mexico Public Accountancy Board the power and duty to prescribe rules of professional conduct for establishing a…

Public Accountancy Act, Sections 61-28B-1 to 61-28B-29 NMSA 1978.

Permanent.

February 14, 2002, unless a later date is cited at the end of a section.

The code of professional conduct prescribes the obligation that persons engaged in the practice of public accountancy have to their clients and to the public to maintain independence of thought and action; to strive continuously to improve one's thought and action; to strive cont…

[RESERVED]

A. In addition to its own rules of conduct, the board adopts the American institute of certified public accountants' (AICPA) professional standards: code of professional conduct. All certified public accountants and registered public accountants holding a current certificate and …

A. Any licensee whose certificate or firm permit issued by the board is subsequently suspended or revoked shall promptly return such certificate/license to be board. B. Decisions by the board following hearings under the Uniform Licensing Act and the Public Accountancy Act will, …

New Mexico Real Estate Commission.

The provisions in Part 1 apply to all parts of Title 16, Chapter 61 and provide relevant information to brokers, applicants, other agencies, professional associations, and any member of the general public affected by or interested in Chapter 61 of Title 16.

Part 1 of Chapter 61 is promulgated pursuant to the Real Estate Licensing Law, NMSA 1978 Section 61-29-4.

Permanent.

1-1-2012, unless a later date is cited at the end of a section.

The objective of Part 1 of Chapter 61 is to set forth the provision, which apply to all of Chapter 61, and to all persons and entities affected by Chapter 61 of Title 16, and to define the terms and terminology related to real estate qualifying brokers and associate brokers used …

A. "Acceptable financial institution": is a federally insured bank, savings and loan or title company authorized to do business in the state of New Mexico. B. "Agency": the fiduciary relationship created solely by the express written agency agreement between a person and a broker…

The offices of the New Mexico real estate commission will be located in Albuquerque, New Mexico.

Commission members may participate in a meeting of the commission by means of a conference telephone or similar communications equipment and participation by telephone may only occur when it is difficult or impossible for commission members to attend a meeting of the commission, …

New Mexico Real Estate Commission.

The provisions in Part 11 of Chapter 61 apply to all currently licensed New Mexico real estate brokers.

Part 11 of Chapter 61 is promulgated pursuant to the Real Estate Licensing Law, NMSA 1978 Section 61-29-4.

Permanent.

8-15-97, unless a later date is cited at the end of a section.

The objective of Part 11 of Chapter 61 is to set forth the requirements and procedures for the renewal of a real estate broker's license.

Refer to 16.61.1.7 NMAC.

A. Renewal period: Every real estate license expires every three years on the last day of the month following the broker's birth month unless it is renewed on or before that date. Renewal of a license is the sole responsibility of each broker. B. Late renewal fee penalty: A broke…

New Mexico Real Estate Commission.

The provisions in Part 12 of Chapter 61 apply to brokers whose licenses have been suspended or revoked by the commission.

Part 12 of Chapter 61 is promulgated pursuant to the Real Estate Licensing Law, NMSA 1978 Section 61-29-1.

Permanent.

8-15-97, unless a later date is cited at the end of a section.

The objective of Part 12 of Chapter 61 is to set forth the procedures for license suspension and revocation for violation of the real estate license law or the commission rules.

Refer to Definitions 16.61.1.7 NMAC.

Violation of any provision of the real estate license law or commission rules may be cause for disciplinary action against any person who engages in the business or acts in the capacity of a real estate broker in New Mexico with or without a New Mexico real estate license, up to …

A. Any qualifying broker's or associate broker's license suspended or revoked by an order, stipulated agreement or settlement agreement approved by the commission shall be surrendered to the commission by the broker upon the delivery of the order to the broker by the commission, …