A New Mexico broker asks about an unlicensed person acts as a New Mexico broker for compensation. What is the best answer?
Correct Answer
A) The person is within the licensing-law enforcement framework and may face statutory penalties
New Mexico license law gives the regulatory system authority over unlicensed brokerage activity. Source basis: NMSA 1978 §61-29-4 current text and NMREC official statutes/rules reference; commission creation, membership, rulemaking, and enforcement powers; checked 2026-04-30.
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