New Mexioc Real Estate Broker Exam Questions and Answers

New Mexioc Real Estate Broker Exam Questions and Answers Which of the following is false regarding trade name? - Correct Answer ️️ -Associate brokers must register trade name. Mechanic's lien laws affecting real property - Correct Answer ️️ -require the lien to be recorded for it be enforceable. A qualifying broker opens a virtual office. Where must the qualifying broker keep the licenses of his associate brokers? - Correct Answer ️️ -Photo or scanned images of the licenses must be on the brokerages website through linked labels "real estate licenses." On social media, a broker posts a listing of house. What is required with this listing? - Correct Answer ️️ -A link to all of the required information All of the following are broker duties EXCEPT - Correct Answer ️️ -attendance at closings All signs advertising property for sale must include which of the following? - Correct Answer ️️ -Brokerage name and office phone number Fingerprints results are valid for how long? - Correct Answer ️️ -21 days before application Before a seller whose lot is located within a PID mat accept an offer, the broker must provide the potential buyer a written notice of information including - Correct Answer ️️ -information that the failure to pay the property tax or special levy could result in the foreclosure of the property, that property is within a PID, the purpose of the PID Licensees must complete how many hours of continuing education for their renewal? - Correct Answer ️️ -36 hours When acting as a property manager for a principal, the brokerage relationship is which of the following? - Correct Answer ️️ -Exclusive agency A broker has a three month listing on a property. A buyer comes into his office and asks if he will represent him in the purchase of the property. - Correct Answer ️️ -may represent both parties, if both give their consent