In New Mexico, Commission membership is reviewed for geographic concentration. Which statement is correct?
Correct Answer
C) Not more than one Commission member may be from any one county
New Mexico limits Commission membership so that no more than one member is from any one county. 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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Related Topics & Key Terms
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Key Terms:
Related Concepts
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
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