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Practice Of Real EstateLicense_lawMEDIUM

The New Mexico Real Estate Commission has the authority to take disciplinary action against a licensee. Which of the following actions is NMREC authorized to take against a licensee found to have violated the License Law?

Correct Answer

B) Suspend or revoke a license, impose civil fines, and require remedial education

Under NMSA 1978, § 61-29-12 and related provisions, the NMREC is empowered to suspend or revoke licenses, impose administrative fines, and require remedial education or other corrective measures as part of its disciplinary authority. These are the standard administrative remedies available to the Commission.

Answer Options
A
Impose criminal fines and order imprisonment for up to six months
B
Suspend or revoke a license, impose civil fines, and require remedial education
C
Garnish the licensee's personal bank accounts to compensate harmed consumers directly
D
Permanently bar the licensee from owning real property in New Mexico

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Related Topics & Key Terms

Key Terms:

nmrecdisciplinary_authoritylicense_revocationadministrative_penalties
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