In New Mexico, an associate broker should receive brokerage compensation through whom?
Correct Answer
B) The associate broker’s qualifying broker
New Mexico uses associate broker terminology, not salesperson terminology. An associate broker’s commission or fee is paid through the qualifying broker with whom the associate broker was affiliated when the transaction went under contract. Source basis: 16.61.17.9 NMAC, checked 2026-04-30.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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