NM BROKER BASICS UNIT 1 QUIZ - NM
REAL ESTATE LICENSE LAW EXAM
QUESTIONS AND ANSWERS 2026
VERIFIED.
Which of the following requires a real estate license? - ANS Sale of timeshare units
The New Mexico real estate commissions may not impose - ANS Penalties for code of ethics
violations
The responsibilities of New Mexico real estate commissions do not include - ANS Regulating
brokerage fees
The governor of the state of New Mexico - ANS Fills vacancies in the New Mexico real estate
commissions for unexpired terms
referral fee to an unlicensed person for information leading to a listing - ANS Is a violation of
the license law
Brokers license can be revoked if the broker - ANS Fails to account for funds that belong to
others
@2026/2027 ALLRIGHTS RESERVED.
REAL ESTATE LICENSE LAW EXAM
QUESTIONS AND ANSWERS 2026
VERIFIED.
Which of the following requires a real estate license? - ANS Sale of timeshare units
The New Mexico real estate commissions may not impose - ANS Penalties for code of ethics
violations
The responsibilities of New Mexico real estate commissions do not include - ANS Regulating
brokerage fees
The governor of the state of New Mexico - ANS Fills vacancies in the New Mexico real estate
commissions for unexpired terms
referral fee to an unlicensed person for information leading to a listing - ANS Is a violation of
the license law
Brokers license can be revoked if the broker - ANS Fails to account for funds that belong to
others
@2026/2027 ALLRIGHTS RESERVED.