The mission of the New Mexico Real Estate Commission is to protect the public and enhance the professional competence of real estate brokers. The New Mexico Real Estate Commission was created by state law in 1959 and charged with enforcing the Real Estate License Law and the Real Estate Commission Rules.
The real estate industry in New Mexico is one of the largest economic activities in the state. Through upturns and downturns, real estate professionals in New Mexico remain committed to the highest standards in professionalism.
NEWS AND INFORMATION:
NOTICE TO ALL LICENSEES REGARDING PAY PAL MIGRATION:
Beginning July 15, 2019, there will be a 2.5% transaction fee applied to all online license, registration and renewal fees paid to the Regulation and Licensing Department with a credit card, this fee is paid directly as a bank transaction fee, it is not paid to the Regulation and Licensing Department. The Regulation and Licensing Department is working on development of an electronic check (e-check) payment option that will also be available in the near future. Use of the e-check option will not result in any transaction fees. Thank you.
***NOTICE REGARDING CREDIT CARD PAYMENTS***
Effective December 1, 2017
*As of Friday, December 1, 2017, RLD will no longer accept Credit Card payments in person at RLD offices, nor by electronic mail (email), or direct mail.
*RLD will continue to accept checks and money orders (no cash) at all RLD offices (Santa Fe, Albuquerque and Las Cruces) or by direct mail. However, please do not send Credit Card information to RLD by electronic mail (e-mail) or by direct mail. On and after December 1, 2017, credit card information received via email or regular mail will be destroyed without processing.
*RLD will continue to accept Credit Card payments through our existing secure online systems that can be accessed via the Internet from your home, place of business, or mobile Internet device.
*No credit card breach of data incidents have occurred to date. However, RLD is changing credit card processing to ensure a secure system is maintained in the future.
New Mexico Real Estate Commission and GAAR Take Steps to Expedite Licensing Transactions
The Real Estate Commission and the Greater Albuquerque Association of Realtors (GAAR) have signed a memorandum of understanding aimed at expediting licensing transactions, especially license transfers.
Commission President Gretchen Koether said she hopes the memorandum will serve as a template for similar agreements with local boards and associations around the state.
She said that although on-line license renewals have also been problematic, most of those problems are related to outdated software over which the Commission has little control. License transfers were chosen as a focus for the agreement because they are in area in which improvements can be made quickly. (To Read Entire NEWS Article, Click Here) To Read the Text of the Memorandum of Understanding, please click the following: NMREC-GAAR MOU
New Mexico Real Estate Commission Warns of Time Share Scam
Santa Fe - The New Mexico Real Estate Commission is advising consumers and real estate brokers alike to be on the lookout for timeshare scams in which owners of timeshares are cold called, mailed or emailed solicitations from an unlicensed business entity purporting to be a full service property management company, real estate brokerage or title and escrow company that lists and sell timeshares. For more, click the following link: Real Estate Commission Warns of Timeshare Scam
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