Publisher's Synopsis
Book updated Nov. 2020. In New Mexico the real estate commission NMREC issues only two types of real estate broker's licenses, which are associate broker's license and qualifying broker's license, and that both types of licenses are issued only to individuals. Do note there is no separate qualifying broker's examination, meaning there is only one version of the exam for both types of license.A lot of topics are covered by the exam but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible! TAX RATES AND FEES TEND TO CHANGE FREQUENTLY. THEREFORE YOU SHOULD CHECK WITH YOUR LOCAL AUTHORITIES FOR THE LATEST INFORMATION UPDATES
