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Practice Of Real EstateCommission PowersEASY

A New Mexico broker asks about the Commission adopts and enforces licensing rules. What is the best answer?

Correct Answer

A) The Commission has power to promulgate rules under the State Rules Act and enforce those rules to carry out Chapter 61, Article 29

The New Mexico Real Estate Commission is vested with rulemaking and enforcement authority for the real estate licensing law. Source basis: NMSA 1978 Β§61-29-4 current text and NMREC official statutes/rules reference; commission creation, membership, rulemaking, and enforcement powers; checked 2026-04-30.

Answer Options
A
The Commission has power to promulgate rules under the State Rules Act and enforce those rules to carry out Chapter 61, Article 29
B
The Commission may only suggest voluntary guidelines
C
Only private trade associations can create enforceable real estate rules
D
The Commission may ignore the State Rules Act when adopting rules

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Related Topics & Key Terms

Related Topics:

nm.S1commission-powers

Key Terms:

new mexiconm.S1commission-powersrulemaking-enforcement
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