NEW MEXICO BROKER BASICS FINAL UPDATED ACTUAL EXAM QUESTIONS AND DEFINITIVE ANSWERS NEWEST 26/27

NEW MEXICO BROKER BASICS FINAL UPDATED ACTUAL EXAM
QUESTIONS AND DEFINITIVE ANSWERS NEWEST 26/27


Broker operating account
Brokers may deposit commission checks into which type of
account




30 Days
What is the maximum amount of time a property manager may
withhold a security deposit




60 day
When must a property manager send a final accounting to the
property owners upon termination, cancellation, or expiration
of the management agreement




Maintain an office in new mexico
QB's must do all of the following except




4 years
How many years must associate brokers be licensed to
upgrade to a supervising QB license

, The associate is inactive until the associate affiliates with a
new QB
What is the status of the associates license if the license of the
qualifying broker is suspended




NM gross reciepts taxes
Which of the following funds of others may not be deposited
into a trust account




A License
A person selling time shares in a DEVELOPMENT would
require which of the following




State engineers office
Who regulated well and water rights in NM




20 days
Licensees have how many days to REQUEST A HEARING upon
reciept of a NCA by the commission




When the permit is filed with the engineers office