Qualifying Broker Angela wants to open a second office location across town from her main office. Under New Mexico license law, what is required for Angela to legally operate this second location?
Correct Answer
B) Angela must register the branch office with the NMREC and designate a licensed broker to manage the branch
Under NMAC Title 16, Chapter 61, a Qualifying Broker who wishes to operate a branch office must register the branch office with the NMREC and designate a licensed broker to manage the branch location. The branch office operates under the authority of the Qualifying Broker, but a designated manager must be identified to ensure proper supervision at the branch.
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