In New Mexico, a first-time New Mexico broker applicant reviews education prerequisites. Which statement is correct?
Correct Answer
B) The applicant generally needs 90 prelicensure hours: 30 hours each in real estate principles and practice, real estate law, and broker basics
NMRLD states that New Mexico broker applicants submit three 30-hour prelicensing courses totaling 90 hours. Source basis: NMRLD Real Estate Commission Licensing, Registration, and Renewal page and FAQ: 90 prelicensure hours, fingerprints, E&O, active qualifying broker affiliation, property management requirements; checked 2026-04-30.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
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