Kills License Number Display Proposal
The Real Estate Commission adopted a wide range of rule changes on June 20, 2016 highlighted by new advertising requirements for associate brokers and associate broker teams, and delineation of broker duties owed to customers and clients, tenants, and other brokers.
The Commission voted to not adopt a proposed change that would have required brokers to display their license numbers on all forms of advertising. However, the Commission did adopt a new rule requiring that the qualifying broker’s contact information, including license number, be clearly and conspicuously displayed on any written document generated by the brokerage. For more details, click here: Commission Adopts Rules on Advertising, Broker Duties;
Real Estate Commission: Overview
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.
The New Mexico Real Estate Commission is comprised of five members appointed by the Governor. Four of the members are licensed New Mexico real estate brokers, and one is a non-broker public member appointed to bring a consumer perspective to the Commission.
The Commission’s primary responsibilities include:
- Issuance, renewal, and transfer of real estate broker’s licenses.
- Establishment and enforcement of real estate broker pre-licensing and continuing education requirements.
- Certification of providers of real estate broker education.
- Investigation and adjudication of consumer and real estate broker complaints about potential and actual violations of the Real Estate License Law and Commission Rules.
- Education of consumers and real estate brokers about the Real Estate License Law and Commission Rules.
Real Estate Commission
5500 San Antonio Dr. NE Suite B
Albuquerque, New Mexico 87109
(505) 222-9886 FAX
TOLL FREE: 1-800-801-7505
(Clicking on the name of the staff member below will take you to their email).