New Mexico Supervision and Sales Agreement
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How to fill out Supervision And Sales Agreement?
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FAQ
Ing to Texas law, the primary business activities of a property management company are considered the same as a real estate business. For instance, if your company lists, rents, negotiates, collects rent, or places a tenant in Texas, your business will need a real estate broker license.
If you hold a social work license from another state, you may be able to apply for a New Mexico social work license through reciprocity. To be eligible for application by reciprocity, you must hold a current social work license in good standing. Additionally, you must have held the license for at least five years.
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 New Mexico Real Estate Commission regulates those engaged in the business of real estate as a broker in New Mexico. The provisions of the real estate laws and commission rules are available below.
An associate broker can hold only one associate broker's license, be affiliated with one qualifying broker at a time, and not engage in any real estate activity for any other qualifying broker other than the qualifying broker with whom the associate broker is affiliated.
The qualifying broker shall include with every written residential management agreement a copy, either in hard copy form or electronically, of the New Mexico Uniform Owner-Resident Relations Act.