New Mexico Statutes
Chapter 61 - Professional and Occupational Licenses
Article 29 - Real Estate Brokers and Salesmen

Section 61-29-1 - Prohibition. - It is unlawful for a person to engage in the...

Section 61-29-1.1 - Recompiled. - Recompilations. — Former 61-29-1.1 NMSA 1978, relating to registration of...

Section 61-29-2 - Definitions and exceptions. - A. As used in Chapter 61, Article 29 NMSA 1978:...

Section 61-29-3 - Criminal offender's character evaluation. - The provisions of the Criminal Offender Employment Act [28-2-1 to...

Section 61-29-4 - Creation of commission; powers and duties. - There is created the "New Mexico real estate commission". The...

Section 61-29-4.1 - Additional powers of commission; continuing education programs; minimum requirements. - The commission shall adopt rules providing for continuing education courses...

Section 61-29-4.2 - Additional powers of the commission; professional liability insurance; minimum coverage. - A. In addition to the powers and duties granted to...

Section 61-29-4.3 - Regulation and licensing department; administratively attached. - The commission is administratively attached to the regulation and licensing...

Section 61-29-4.4 - Additional powers of commission; fingerprinting and criminal history background checks. - A. All applicants for licensure as provided for in Chapter...

Section 61-29-5 - Organization of commission. - The commission shall organize by electing a president, vice president...

Section 61-29-5.1 - Recompiled. - Recompilations. — Former 61-29-5.1 NMSA 1978, relating to a register...

Section 61-29-6 - Meeting of the commission. - The commission shall meet at least once each quarter-year at...

Section 61-29-7 - Reimbursement and expenses. - Each member of the commission shall receive per diem and...

Section 61-29-8 - License fees; disposition. - A. Except as provided in Section 61-1-34 NMSA 1978, the...

Section 61-29-9 - Qualifications for license. - A. Licenses shall be granted only to persons who meet...

Section 61-29-10 - Application for license and examination. - A. All applications for licenses to act as qualifying brokers...

Section 61-29-10.1 - Brokerage relationships; creation. - A. For all regulated real estate transactions first executed on...

Section 61-29-10.2 - Licensee's duties; disclosure. - A. Prior to the time a licensee generates or presents...

Section 61-29-10.3 - Repealed. - Repeals. — Laws 2003, ch. 36, § 4 repealed 61-29-10.3,...

Section 61-29-11 - Issuance, renewal and surrender of licenses. - A. The commission shall issue to each qualified applicant a...

Section 61-29-12 - Refusal, suspension or revocation of license for causes enumerated. - A. The commission may refuse to issue a license or...

Section 61-29-13 - Provision for hearing before suspension or revocation of license. - The commission shall, before suspending or revoking any license, set...

Section 61-29-14 - Repealed. - Repeals. — Laws 2003, ch. 22, § 7 repealed 61-29-14...

Section 61-29-15 - Maintenance of list of licensees. - The commission shall maintain a list of the names and...

Section 61-29-16 - Suit by qualifying or associate broker. - No action for the collection of a commission or compensation...

Section 61-29-16.1 - Foreign brokers; consent to service; referral fees. - A. A foreign broker may act in the capacity of...

Section 61-29-16.2 - Nonresident licensees; consent to service. - A. A nonresident licensee shall file with the commission an...

Section 61-29-17 - Penalty; injunctive relief. - A. Any person who engages in the business or acts...

Section 61-29-17.1 - Recompiled. - Recompilations. — Former 61-29-17.1 NMSA 1978, relating to disciplinary action...

Section 61-29-17.2 - Unlicensed activity; civil penalty; administrative costs. - The commission may impose a civil penalty on any person...

Section 61-29-18 - Interpretation of act. - Nothing contained in Chapter 61, Article 29 NMSA 1978 shall...

Section 61-29-19 - Repealed. - History: 1953 Comp., § 67-24-36, enacted by Laws 1978, ch....

Section 61-29-19.1 - Real estate education and training fund created; purpose; appropriation. - A. The "real estate education and training fund" is created...

Section 61-29-20 - Short title. - Sections 1 through 10 [61-29-20 to 61-29-29 NMSA 1978] of...

Section 61-29-21 - Fund created. - There is created in the state treasury a fund which...

Section 61-29-22 - Additional fees. - A. The commission shall collect an annual fee not in...

Section 61-29-23 - Judgment against qualifying or associate broker; petition; requirements; recovery limitations. - A. When an aggrieved person claims a pecuniary loss caused...

Section 61-29-24 - Commission; compromise. - Upon receipt of a petition as required by Section 61-29-23...

Section 61-29-25 - Commission finding. - If the commission makes a specific finding of the items...

Section 61-29-26 - Insufficient funds. - If at any time the money deposited in the real...

Section 61-29-27 - Subrogation. - When the commission makes any payment from the real estate...

Section 61-29-28 - Waiver. - The failure of any person to comply with all of...

Section 61-29-29 - Disciplinary action not limited. - Nothing contained in the Real Estate Recovery Fund Act [61-29-20...