3/28/26, 5:33 AM New Mexico Real Estate Exam Flashcards | Quizlet
Social Sciences Economics
New Mexico Real Estate Exam
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Terms in this set (34)
The commission shall be appointed The governor.
by?
The three functions of the Licensing, Education, Enforcement. (LEE)
commission are?
The commission has how many five members, four members must be licensed
members? and one member must be nonlicensed. Not more
than one member can be from the same county.
https://quizlet.com/305675426/new -mexico-real-estate-exam-flash-cards/ 1/6
, 3/28/26, 5:33 AM New Mexico Real Estate Exam Flashcards | Quizlet
Who is exempt from obtaining a Subdivisions holding less than 99 parcels, time-
license share sales persons with 15% ownership in the
time-share project, Business Opportunity
Brokers.
A violation of the license law by an A fourth degree felony.
unlicensed person will result in?
Qualifying broker applicants not in two years of active experience as a licensed
a managerial position need how associate broker.
much experience?
Qualifying broker applicants in a Document four year of active experience as a
managerial position should have licensed associate and qualifying broker.
how much experience?
Applicant fingerprints submitted to the NM Department of public
safety.
What is the minimum penalty that A letter of reprimand
the commission may impose?
When advertising real estate it must trade name, telephone number as registered with
include the commission.
https://quizlet.com/305675426/new -mexico-real-estate-exam-flash-cards/ 2/6
Social Sciences Economics
New Mexico Real Estate Exam
5.0 (5 reviews)
1
Save
Terms in this set (34)
The commission shall be appointed The governor.
by?
The three functions of the Licensing, Education, Enforcement. (LEE)
commission are?
The commission has how many five members, four members must be licensed
members? and one member must be nonlicensed. Not more
than one member can be from the same county.
https://quizlet.com/305675426/new -mexico-real-estate-exam-flash-cards/ 1/6
, 3/28/26, 5:33 AM New Mexico Real Estate Exam Flashcards | Quizlet
Who is exempt from obtaining a Subdivisions holding less than 99 parcels, time-
license share sales persons with 15% ownership in the
time-share project, Business Opportunity
Brokers.
A violation of the license law by an A fourth degree felony.
unlicensed person will result in?
Qualifying broker applicants not in two years of active experience as a licensed
a managerial position need how associate broker.
much experience?
Qualifying broker applicants in a Document four year of active experience as a
managerial position should have licensed associate and qualifying broker.
how much experience?
Applicant fingerprints submitted to the NM Department of public
safety.
What is the minimum penalty that A letter of reprimand
the commission may impose?
When advertising real estate it must trade name, telephone number as registered with
include the commission.
https://quizlet.com/305675426/new -mexico-real-estate-exam-flash-cards/ 2/6
