New Mexico Administrative Code

Part 7 of Chapter 61 is promulgated pursuant to the Real Estate Licensing Law, NMSA 1978, Section 61-29-4.4.

Permanent.

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

The objective of Part 7 is to ensure that first-time or renewal applicants for a New Mexico real estate broker's license are of good repute and competent to transact the business of a qualifying broker or associate broker in a manner that safeguards the interests of the public.

Refer to 16.61.1.7 NMAC

A. All persons applying for a New Mexico real estate broker's license or upgrading an associate broker's license to a qualifying broker's license must be fingerprinted as a condition of licensure. B. Applicant fingerprints and processing fees are submitted electronically to the N…

New Mexico Real Estate Commission.

The provisions in Part 8 of Chapter 61 apply to all licensed New Mexico real estate brokers.

Part 8 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 8 of Chapter 61 is to set forth the requirements and procedures for the transfer of a broker's license whenever a broker is no longer transacting business at the office designated on that broker's license.

Refer to Definitions 16.61.1.7 NMAC.

An associate broker may request that their license be transferred to a new qualifying broker. The transfer is effective on the date that the transfer fee, transfer form, and the current license are received and stamped at the commission office. When an associate broker requests t…

New Mexico Real Estate Commission.

The provisions in Part 9 of Chapter 61 apply to all licensed salespersons and brokers in New Mexico.

Part 9 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 9 of Chapter 61 is to set forth the requirements and procedures for the surrender/inactivation of a salesperson or broker's license whenever a licensee is no longer transacting business.

Refer to 16.61.1.7 NMAC.

A. When a broker requests that their license be placed on inactive status, the qualifying broker or broker in charge shall within 48 hours return the license to the commission. The license shall be inactivated and all real estate activity on the part of the broker shall cease. B.…

Regulation and Licensing Department, NM Real Estate Appraisers Board.

The provisions of these regulations are severable. If any part of the regulations is held invalid by a court of competent jurisdiction, the remaining provisions shall remain in force and effect, unless otherwise determined by a court of competent jurisdiction.

A. Pursuant to the provisions of the Open Meetings Act, NMSA 1978, Sections 10-15-1 through -4, (1974, as amended through 2009) board members may participate in a meeting of the board by means of a conference telephone or similar communications equipment, and participation by suc…

[RESERVED]

All appraisers shall have knowledge of the board rules and by acceptance to licensure shall agree to abide by these rules.

A. An appraiser may not perform an appraisal for an appraisal management company (AMC) unless that company is registered pursuant to the Appraisal Management Company Registration Act 47-14-1 NMSA 1978. B. In the body of an appraisal report completed for an AMC, the appraiser must…

All trainee real estate appraisers, licensed residential real estate appraisers, residential certified real estate appraisers, general certified real estate appraisers and temporary licensed or certified real estate appraisers.

These rules are promulgated pursuant to the Real Estate Appraisers Act, Section 61-30-1 to Section 61-30-24, NMSA 1978.

Permanent.

January 14, 2000, unless a later date is cited at the end of a section.

This part provides definitions used in the regulations, adopts FIRREA and the uniform standards professional appraisal practice (USPAP), provides for inspection of board records and telephonic attendance at meetings by board members.

The following rules and regulations are for the purpose of implementing the provisions of the New Mexico Real Estate Appraisers Act. A. Terms starting with the letter 'A' are defined as follows:(1) "Acceptable" appraisal experience includes, but is not limited to the following: f…

A. The national uniform standards of professional appraisal practice (USPAP) as promulgated by the appraisal standards board of the appraisal foundation, and adopted and incorporated by reference are the minimum requirements. The appraisal standards board's code of professional r…

Except as otherwise provided by law or protected by public records shall be available for inspection in accordance with the provisions of the Inspection of Publics Records Act (IPRA), NMSA 1978, Sections 14-2-1 through -12, (1974, as amended through 2009). Cost will be determined…

Regulation and Licensing Department - NM Real Estate Appraisers Board.

A. The emergency license shall terminate upon the following circumstances: (1) the issuance of a permanent license under Sections 16.62.2.8, 16.62.3.8, 16.62.4.8 and 16.62.5.8 NMAC; or (2) proof that the emergency license holder has engaged in fraud deceit, misrepresentation in p…

All trainee real estate appraisers, licensed residential real estate appraisers, residential certified real estate appraisers, general certified real estate appraisers and temporary licensed or certified real estate appraisers.

These rules are promulgated pursuant to the Real Estate Appraisers Act, Section 61-30-1 to Section 61-30-24, NMSA 1978.

Permanent.

March 15, 2000, unless a later date is cited at the end of a section.

This part provides that the board will issue temporary practice permits to out of state licensed or certified appraiser who present evidence of qualification.

"Assignment" means one or more real estate appraisals and written appraisal report(s) covered by a single contractual agreement for a specified number of properties.

A. All persons who engage in the business of, act in the capacity of, advertise or display in any manner or otherwise assume to engage in the business of, or act as, a state real estate appraiser must have a board license or permit. B. A temporary permit may be issued to non-resi…

A. Licensed or certified real estate appraisers currently licensed and in good standing, or otherwise meeting the requirements for New Mexico licensure in a state in which a federal disaster has been declared, may be licensed or certified in New Mexico during the four months foll…

Regulation and Licensing Department, NM Real Estate Appraisers Board.

All trainee real estate appraisers, licensed residential real estate appraisers, residential certified real estate appraisers, general certified real estate appraisers and temporary licensed or certified real estate appraisers.

These rules are promulgated pursuant to the Real Estate Appraisers Act, Section 61-30-1 to Section 61-30-24, NMSA 1978.

Permanent.