In New Mexico, someone says NMREC sets maximum brokerage commission rates. Which statement is correct?
Correct Answer
A) NMREC regulates licensing and compliance, but commission rates are negotiated and are not fixed by the Commission
The Commission’s role is licensing and enforcement, not fixing broker commission rates. 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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