1. How many members serve on the New Mexico Real Estate Commission?
Answer & explanation
Answer: A. NMSA 61-29-4 sets the Commission at five members appointed by the Governor. Seven is a common distractor drawn from other states' commissions.
law
New Mexico Real Estate Commission
The body that licenses and disciplines New Mexico brokers under NMSA 61-29. It has five members appointed by the Governor: four who have been licensed New Mexico associate or qualifying brokers and one public member. Members need three consecutive years of residency, serve five-year terms, and no more than one may come from any single county. The Commission adopts rules, approves education, contracts for the PSI exam and the group E&O program, audits trust records, holds hearings and administers the Real Estate Recovery Fund.
- Exam tip
- '5-4-1, 5-3-1': five members, four brokers, one public; five-year terms, three years' residency, one per county. Only the Legislature can change the number of commissioners.
- Example
- A broker refuses to let the Commission inspect trust account records after a complaint; the refusal is itself a basis for discipline.
Related terms & state variants
Sources
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Last verified: 2026-10-23