agency
Qualifying Broker (New Mexico)
The broker responsible for all real estate activities of a New Mexico brokerage (16.61.16.8 NMAC). The qualifying broker operates under the registered trade name, displays all affiliated brokers' licenses, supervises trust accounts, personally receives and disburses commissions to affiliated brokers, keeps transaction records six years, adopts written office policies, and guides newly licensed brokers through their first six transactions. An associate broker may be affiliated with only one qualifying broker at a time.
- Exam tip
- Know the six-transaction guidance for new brokers, six-year record retention, and the 48-hour deadline to return a license on transfer.
- Example
- An associate broker moves firms; her qualifying broker must return the license to the Commission within 48 hours of the request.
Related terms & state variants
Sources
Source verification pending. Confirm current requirements with your state regulator.
Last verified: 2026-10-23