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Exam (elaborations)
NM REAL ESTATE EXAM QUESTIONS & ANSWERS(RATED A+)
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---8July 20262025/2026A+
- What are the six type of real property - ANSWER1. Residential 
2. Commercial 
3. Mixed use 
4. Industrial 
5. Agricultural 
6. Special Purpose 
 
What division is the real estate commission administrively attached to? - ANSWERregulation & licensing division (RDL) 
 
What is the penalty for violation for violating real estate law or commission rules for UNLICENSED person? - ANSWER$5000 criminal fine 
4th degree felony 
18 months in prison
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$16.49 More Info
shantelleG
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Exam (elaborations)
NM Real Estate Exam questions well answered to pass
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---14June 20252024/2025A+
- NM Real Estate Exam questions well answered to pass 
1. Residential 
2. Commercial 
3. Mixed use 
4. Industrial 
5. Agricultural 
6. Special Purpose - correct answer What are the six type of real property 
 
regulation & licensing division (RDL) - correct answer What division is the real estate commission administrively attached to? 
 
$5000 criminal fine 
4th degree felony 
18 months in prison - correct answer What is the penalty for violation for violating real estate law or commission rules ...
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$21.99 More Info
StuviaExamHub
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Exam (elaborations)
NM Real Estate Practice Exam Questions & 100% Correct Answers | Latest Update | Graded A+
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---11May 20242023/2024A+
- Feet in an acre 
: 43,560 ft 
Feet in a Mile 
: 5,280 ft 
A Plat 
: An unofficial map or plan of a parcel of land that's been or will be subdivided to 
show the boundaries of each created lot 
Metes and Bounds 
: Description using compass headings and directions 
Lot and Block 
: Land description which provides plat reference 
Oversees Fannie Mae and Freddie Mac and regulates the Federal Home Loan Bank 
2 | P a g e 
: Federal Housing Finance Agency 
Market Players purchase loans from primary l...
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$10.89 More Info
Axpert
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Exam (elaborations)
New Mexico Real Estate Broker Basics Practice Questions and Answers
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---22April 20242023/2024A+
- New Mexico Real Estate Broker Basics 
Practice Questions and Answers 
Which of the following REQUIRES a real estate license? 
A. Sale of 20 lots in a subdivision by an employee 
B. Three-week rental of a condominium 
C. Sale of time-share units 
D. Sale of more than 20 personally owned properties - Correct Answer ️️ -C. Sale of 
time-share units 
The New Mexico Real Estate Commission may NOT impose 
A. licensing requirements 
B. penalties for Code of Ethics violations 
C. disciplinary penalt...
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$12.99 More Info
EmilyCharlene
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Exam (elaborations)
New Mexico Broker Exam Questions and Answers
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---3April 20242023/2024A+
- New Mexico Broker Exam Questions and Answers 
Which is FALSE regarding trade names? - Correct Answer ️️ -Associate broker must 
register a trade name 
Duties of broker not required? - Correct Answer ️️ -To attend closings 
What is not a broker relationship? - Correct Answer ️️ -Designated Agency 
Who regulates Septic systems in New Mexico - Correct Answer ️️ -New Mexico 
Environmental Improvement Department 
When is a Septic system required to be inspected and certified? - Correc...
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EmilyCharlene
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Exam (elaborations)
New Mexico Broker Basic Exam Questions and Answers
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---5April 20242023/2024A+
- New Mexico Broker Basic Exam 
Questions and Answers 
Which of the following is FALSE regarding trade names? 
-trade names are registered with the commission 
-the brokerage must be conducted from the address as registered 
-associate brokers must register a trade name 
-a qualifying broker may register more than one trade name - Correct Answer ️️ - 
Associate brokers must register a trade name 
All of the following are broker duties EXCEPT 
-honesty 
-disclosure of material facts 
-Attend cl...
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$11.99 More Info
EmilyCharlene