New Mexico Administrative Code

Part 27 of Chapter 61 is promulgated pursuant to the Real Estate License Law, NMSA 1978, Section 61.29.16.1.

Permanent.

January 1, 2017 unless a late date is cited at the end of a section.

The purpose of Part 27 of Chapter 61 is to set forth the conditions under which real estate brokers licensed by licensing jurisdictions other than the state of New Mexico can engage in certain commercial real estate transactions in the state.

Refer to 16.61.1.7 NMAC.

A foreign broker may act in the capacity of a qualifying or associate broker with respect to commercial real estate located in New Mexico; provided that prior to performing any of the real estate activities of a qualifying or associate broker, the foreign broker enters into a tra…

Foreign brokers agree to submit to the jurisdiction of the courts of New Mexico with respect to the transaction and any and all claims related thereto by service of process upon the secretary of state of New Mexico and upon the appropriate official of the state, province or natio…

New Mexico Real Estate Commission.

The provisions in Part 29 of Chapter 61 apply to all New Mexico real estate brokers.

Part 29 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 29 of Chapter 61 is to establish the requirements for obtaining and using a trade name for the operation of a real estate brokerage office in New Mexico.

Refer to 16.61.1.7 NMAC.

A. Prior to the use of any trade name for the operation of a brokerage, the qualifying broker shall register such trade name with the commission. A qualifying broker must conduct their real estate brokerage business under a trade name registered with the commission. A qualifying …

New Mexico Real Estate Commission.

To be eligible to apply for a New Mexico qualifying broker's license, an applicant must furnish the commission satisfactory evidence of completing the following: A. Passage of the broker's examination pursuant to Subsection D of 16.61.3.9 NMAC. B. At least four years active exper…

An associate broker or salesperson licensed in another state who is applying for a qualifying broker license shall furnish the commission satisfactory evidence of: A. Completion of the commission approved 30-hour brokerage office administration course, with an in-course instructo…

An associate broker or salesperson licensed in another state who is applying for a qualifying broker license shall furnish the commission satisfactory evidence of the following: A. A notarized affidavit of the applicant's acknowledgement of the responsibilities of a qualifying br…

A qualifying broker applying for renewal of their license shall furnish the commission satisfactory evidence of successful completion of: A. The qualifying broker refresher course. B. A minimum of 42 hours of commission-approved courses, including(1) The four-hour core course in …

Qualifying brokers or associate brokers intending to offer property management services for others, shall as a condition of offering property management services complete the following education requirements: A. Completion of the commission approved course, Uniform Owner-Resident…

The provisions in Part 3 of Chapter 61 apply to all applicants for real estate broker licensure in New Mexico.

Part 3 of Chapter 61 is promulgated pursuant to the Real Estate Licensing Law, Section 61-29-4, NMSA 1978.

Permanent.

1-15-2018, unless a later date is cited at the end of a section.

The objective of Part 3 of Chapter 61 is to set forth the examination and application requirements for candidates desiring to obtain a New Mexico real estate broker's license.

Refer to 16.61.1.7 NMAC.

The New Mexico real estate commission issues two types of real estate broker's licenses; an associate broker's license and a qualifying broker's license. Both types of licenses are issued only to individuals. The requirements for obtaining both types of licenses are described bel…

A. Associate broker's license: prior to applying for an associate broker's license, an applicant must pass both a national broker examination prescribed by the commission, and the New Mexico real estate broker's examination prescribed by the commission. B. Examination application…

New Mexico Real Estate Commission.

The provisions in Part 31 of Chapter 61 apply to all real estate brokers.

Part 31 of Chapter 61 is promulgated pursuant to the Real Estate Licensing Law, NMSA 1978 Section 61-29-4.

Permanent.

1-1-2000, unless a later date is cited at the end of a section.

The objective of Part 31 of Chapter 61 is to establish the requirements for placement and maintenance of licensed real estate brokers' signs.

Refer to 16.61.1.7 NMAC.

A. Each qualifying broker shall place and maintain a legible sign in a conspicuous place near the office entrance identifying them as the qualifying broker. The trade name of the brokerage as registered with the commission shall be clearly shown. B. In the case of a qualifying br…

New Mexico Real Estate Commission.

The provisions in Part 32 of Chapter 61 apply to all real estate brokers in New Mexico.

Part 32 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 32 of Chapter 61 is to set forth the requirements governing the advertising of real property for others for sale, purchase, rent, lease or exchange in the state of New Mexico.

Refer to 16.61.1.7 NMAC.

A. All real estate advertising shall be a true and factual representation of the property and real estate services being advertised and the brokerage providing the services and shall not be presented in such a manner that will confuse or mislead the public. B. Every qualifying br…

New Mexico Real Estate Commission.

The provisions of Part 33 of Chapter 61 apply to all licensed real estate brokers in New Mexico.

Part 33 of Chapter 61 is promulgated pursuant to the Real Estate Licensing Law, NMSA 1978 Section 61-29-4.

Permanent.

1-1-2000, unless a later date is cited at the end of a section.