Nothing contained in the Real Estate Recovery Fund Act [61-29-20 to 61-29-29 NMSA 1978] shall limit the authority of the real estate commission to take disciplinary action against a licensee for a violation of any of the provisions of Section 61-29-12 NMSA 1978 or of the rules and regulations of the real estate commission, nor shall the repayment in full of all obligations to the real estate recovery fund by any licensee nullify or modify the effect of any other disciplinary proceeding brought pursuant to the provisions of Section 61-29-12 NMSA 1978 or the rules and regulations promulgated by the commission.
History: Laws 1980, ch. 82, § 10.
Am. Jur. 2d, A.L.R. and C.J.S. references. — Grounds for revocation or suspension of license of real estate broker or salesperson, 7 A.L.R.5th 474.
Structure New Mexico Statutes
Chapter 61 - Professional and Occupational Licenses
Article 29 - Real Estate Brokers and Salesmen
Section 61-29-1 - Prohibition.
Section 61-29-1.1 - Recompiled.
Section 61-29-2 - Definitions and exceptions.
Section 61-29-3 - Criminal offender's character evaluation.
Section 61-29-4 - Creation of commission; powers and duties.
Section 61-29-4.3 - Regulation and licensing department; administratively attached.
Section 61-29-5 - Organization of commission.
Section 61-29-5.1 - Recompiled.
Section 61-29-6 - Meeting of the commission.
Section 61-29-7 - Reimbursement and expenses.
Section 61-29-8 - License fees; disposition.
Section 61-29-9 - Qualifications for license.
Section 61-29-10 - Application for license and examination.
Section 61-29-10.1 - Brokerage relationships; creation.
Section 61-29-10.2 - Licensee's duties; disclosure.
Section 61-29-10.3 - Repealed.
Section 61-29-11 - Issuance, renewal and surrender of licenses.
Section 61-29-12 - Refusal, suspension or revocation of license for causes enumerated.
Section 61-29-13 - Provision for hearing before suspension or revocation of license.
Section 61-29-15 - Maintenance of list of licensees.
Section 61-29-16 - Suit by qualifying or associate broker.
Section 61-29-16.1 - Foreign brokers; consent to service; referral fees.
Section 61-29-16.2 - Nonresident licensees; consent to service.
Section 61-29-17 - Penalty; injunctive relief.
Section 61-29-17.1 - Recompiled.
Section 61-29-17.2 - Unlicensed activity; civil penalty; administrative costs.
Section 61-29-18 - Interpretation of act.
Section 61-29-19.1 - Real estate education and training fund created; purpose; appropriation.
Section 61-29-20 - Short title.
Section 61-29-21 - Fund created.
Section 61-29-22 - Additional fees.
Section 61-29-24 - Commission; compromise.
Section 61-29-25 - Commission finding.
Section 61-29-26 - Insufficient funds.