reglab/housing_qa huggingface dataset:
NM Stat § 61-29-15 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-15 - Maintenance of list of licensees.

The commission shall maintain a list of the names and addresses of all licensees licensed by it under the provisions of Chapter 61, Article 29 NMSA 1978, and of all persons whose license has been suspended or revoked within that year, together with such other information relative to the enforcement of the provisions of Chapter 61, Article 29 NMSA 1978 as it may deem of interest to the public. The commission shall also maintain a statement of all funds received and a statement of all disbursements, and copies of the statements shall be mailed by the commission to any person in this state upon request. History: 1953 Comp., § 67-24-32, enacted by Laws 1959, ch. 226, § 14; 2001, ch. 163, § 10. ANNOTATIONSThe 2001 amendment, effective July 1, 2001, substituted "Maintenance" for "Publication" in the section heading; substituted "The commission shall maintain a list" for "The commission shall, at least annually, publish"; and substituted "maintain" for "prepare" in the last sentence. Am. Jur. 2d, A.L.R. and C.J.S. references. — 12 C.J.S. Brokers § 14.
NM Stat § 61-29-16.2 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-16.2 - Nonresident licensees; consent to service.

A. A nonresident licensee shall file with the commission an irrevocable consent that lawsuits and actions may be commenced against the associate broker or qualifying broker in the proper court of any county of New Mexico in which a cause of action may arise or in which the plaintiff may reside, by service on the commission of any process or pleadings authorized by the laws of New Mexico, the consent stipulating and agreeing that such service of process or pleadings on the commission is as valid and binding as if personal service had been made upon the associate broker or qualifying broker in New Mexico. B. Service of process or pleadings shall be served in duplicate upon the commission; one shall be filed in the office of the commission and the other immediately forwarded by certified mail to the main office of the associate broker or qualifying broker against whom the process or pleadings are directed. History: Laws 2014, ch. 27, § 4. ANNOTATIONSEffective dates. — Laws 2014, ch. 27 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 21, 2014, 90 days after the adjournment of the legislature.
NM Stat § 61-29-17.1 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-17.1 - Recompiled.

ANNOTATIONSRecompilations. — Former 61-29-17.1 NMSA 1978, relating to disciplinary action by the New Mexico real estate commission concerning time share projects, enacted by Laws 1986, ch. 97, § 14, has been recompiled as 47-11-11.2 NMSA 1978.
NM Stat § 61-29-17.2 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-17.2 - Unlicensed activity; civil penalty; administrative costs.

The commission may impose a civil penalty on any person who is found, through a court or administrative proceeding, to have acted in violation of Chapter 61, Article 29 NMSA 1978 in an amount not to exceed one thousand dollars ($1,000) for each violation or, if the commission can so determine, in the amount of the total commissions received by the person for the unlicensed activity. The commission may assess administrative costs for any investigation and administrative or other proceedings against any such person. Any money collected by the commission under the provisions of this section shall be deposited into the real estate recovery fund. History: Laws 2001, ch. 163, § 11; 2011, ch. 85, § 9. ANNOTATIONSThe 2011 amendment, effective July 1 2011, permitted the commission to impose a civil penalty in the amount of the total commissions received for an unlicensed activity and required civil penalties to be deposited into the real estate recovery fund.
NM Stat § 61-29-18 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-18 - Interpretation of act.

Nothing contained in Chapter 61, Article 29 NMSA 1978 shall affect the power of cities and villages to tax, license and regulate qualifying brokers or associate brokers. The requirements hereof shall be in addition to the requirements of an existing or future ordinance of any city or village so taxing, licensing or regulating qualifying brokers or associate brokers. History: 1953 Comp., § 67-24-35, enacted by Laws 1959, ch. 226, § 18; 2005, ch. 35, § 17. ANNOTATIONSThe 2005 amendment, effective January 1, 2006, provides that nothing in Chapter 61, Article 29 NMSA 1978 shall affect the power of municipalities to license and regulate qualifying brokers and associate brokers. Severability. — Laws 1959, ch. 226, § 19, provides for the severability of the act if any part or application thereof is held invalid. Meaning of "this act". — See same catchline in notes to 61-29-7 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 12 Am. Jur. 2d Brokers §§ 6 to 8. 53 C.J.S. Licenses §§ 10, 11.
NM Stat § 61-29-19 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-19 - Repealed.

History: 1953 Comp., § 67-24-36, enacted by Laws 1978, ch. 203, § 2; 1981, ch. 241, § 33; 1983, ch. 261, § 7; 1987, ch. 333, § 12; 1993, ch. 83, § 7; 1993, ch. 253, § 3; 2000, ch. 4, § 17; 2005, ch. 208, § 21; 2011, ch. 30, § 8; repealed by Laws 2011, ch. 85, § 11.ANNOTATIONSRepeals. — Laws 2011, ch. 85, § 11 repealed 61-29-19 NMSA 1978, as enacted by Laws 1978, ch. 203, § 2, relating to the termination of agency life, effective July 1, 2011. For provisions of former section, see the 2010 NMSA 1978 on NMOneSource.com. Laws 2011, ch. 30, § 8, effective June 17, 2011, also amended 61-29-19 NMSA 1978 by changing the termination, operation and repeal dates. The section was set out as repealed by Laws 2011, ch. 85, § 11. See 12-1-8 NMSA 1978.
NM Stat § 61-29-19.1 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-19.1 - Real estate education and training fund created; purpose; appropriation.

A. The "real estate education and training fund" is created in the state treasury. The fund shall consist of an initial transfer of the balance in the real estate recovery fund as provided in Subsection C of this section; legislative appropriations to the fund; fees charged by the commission for approval of real estate education sponsors, courses and instructors; gifts, grants, donations and bequests to the fund; and income from investment of the fund. Money in the fund shall not revert to any other fund at the end of a fiscal year. B. The fund shall be administered by the commission, and money in the fund is subject to appropriation by the legislature to the commission to improve real estate education and to train real estate instructors. The commission shall promulgate rules specifying the manner in which the fund shall be administered. C. Notwithstanding the provisions of Sections 61-29-21 and 61-29-22 NMSA 1978, on July 1, 2005, the balance in excess of two hundred fifty thousand dollars ($250,000) in the real estate recovery fund shall be transferred to the real estate education and training fund. History: Laws 2005, ch. 35, § 20. ANNOTATIONSEffective dates. — Laws 2005, ch. 35, § 21 makes the act effective January 1, 2006.
NM Stat § 61-29-20 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-20 - Short title.

Sections 1 through 10 [61-29-20 to 61-29-29 NMSA 1978] of this act may be cited as the "Real Estate Recovery Fund Act." History: Laws 1980, ch. 82, § 1. ANNOTATIONSLaw reviews. — For article, "Survey of New Mexico Law, 1979-80: Property," see 11 N.M.L. Rev. 203 (1981). For annual survey of New Mexico Law of Property, see 20 N.M.L. Rev. 373 (1990). Am. Jur. 2d, A.L.R. and C.J.S. references. — 12 C.J.S. Brokers §§ 11, 12.
NM Stat § 61-29-21 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-21 - Fund created.

There is created in the state treasury a fund which shall be known as the "real estate recovery fund" to be administered by the real estate commission in accordance with the provisions of the Real Estate Recovery Fund Act [61-29-20 to 61-29-29 NMSA 1978]. All money received by the real estate commission pursuant to the Real Estate Recovery Fund Act shall be credited to the real estate recovery fund. The state treasurer may invest money in the real estate recovery fund in United States bonds or treasury certificates under such rules and regulations as may be prescribed by the state board of finance, provided that no investments shall be made which will impair the necessary liquidity required to satisfy judgment payments awarded pursuant to the Real Estate Recovery Fund Act. All interest earned from such investments shall be credited to the fund to pay any future judgments only. History: Laws 1980, ch. 82, § 2. ANNOTATIONS
NM Stat § 61-29-22 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-22 - Additional fees.

A. The commission shall collect an annual fee not in excess of ten dollars ($10.00) from each real estate licensee prior to the issuance of the next license. B. The commission shall collect from each successful applicant for an original real estate license, in addition to the original license fee, a fee not in excess of ten dollars ($10.00). C. The additional fees provided by this section shall be credited to the real estate recovery fund. The amount of the real estate recovery fund shall be maintained at one hundred fifty thousand dollars ($150,000). If the real estate recovery fund falls below this amount, the commission shall have authority to adjust the annual amount of additional fees to be charged licensees or to draw on the real estate commission fund in order to maintain the fund level as required in this section. If on July 1 of any year, the balance in the fund exceeds four hundred thousand dollars ($400,000), the amount over four hundred thousand dollars ($400,000) shall be transferred to the real estate commission fund to be used for the purposes of carrying out the provisions of Chapter 61, Article 29 NMSA 1978. History: Laws 1980, ch. 82, § 3; 1987, ch. 90, § 6; 1993, ch. 253, § 4; 2003, ch. 22, § 6; 2011, ch. 85, § 10. ANNOTATIONSThe 2011 amendment, effective July 1 2011, lowered the minimum balance of the real estate recovery fund from two hundred fifty thousand dollars to one hundred fifty thousand dollars. The 2003 amendment, effective June 20, 2003, deleted "On and after the effective date of the Real Estate Recovery Fund Act" from the beginning of Subsections A and B; and added the last sentence of Subsection C. The 1993 amendment, effective June 18, 1993, purported to amend this section but made no change.
NM Stat § 61-29-24 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-24 - Commission; compromise.

Upon receipt of a petition as required by Section 61-29-23 NMSA 1978, the commission shall conduct a hearing in substantially the same manner and with the same authority as set forth in the Uniform Licensing Act [Chapter 61, Article 1 NMSA 1978]. The commission may compromise a claim based upon the application of a petitioner. History: Laws 1980, ch. 82, § 5; 1987, ch. 90, § 8; 2021, ch. 106, § 3. ANNOTATIONSThe 2021 amendment, effective July 1, 2021, revised procedures related to hearings on petitions for recovery pursuant to the Real Estate Recovery Fund Act; in the section heading, after "Commission", deleted "review"; after "the same manner", added "and with the same authority", and after "Uniform Licensing Act", deleted "including Sections 61-1-9 through 61-1-11 NMSA 1978. Review of the commission's decision shall be in the manner provided by Section 61-1-20 NMSA 1978".
NM Stat § 61-29-25 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-25 - Commission finding.

If the commission makes a specific finding of the items enumerated in Section 61-29-23 NMSA 1978 and determines that a claim should be levied against the real estate recovery fund, the commission shall enter an order requiring payment from the fund of that portion of the petitioner's claim that is payable from the fund pursuant to the provisions of and in accordance with the limitations contained in Section 61-29-23 NMSA 1978. History: Laws 1980, ch. 82, § 6; 1987, ch. 90, § 9. ANNOTATIONS
NM Stat § 61-29-26 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-26 - Insufficient funds.

If at any time the money deposited in the real estate recovery fund is insufficient to satisfy any authorized claim for payment from the fund, the real estate commission shall, when sufficient money has been deposited in the fund, satisfy such unpaid claims in the order that they were originally filed, together with accumulated interest at the rate of eight percent per year. History: Laws 1980, ch. 82, § 7. ANNOTATIONS
NM Stat § 61-29-27 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-27 - Subrogation.

When the commission makes any payment from the real estate recovery fund to a judgment creditor, the commission shall be subrogated to all rights of the judgment creditor for the amounts paid out of the fund and any amount and interest so recovered by the commission shall be deposited in the fund. The commission may, pursuant to the provisions of the Uniform Licensing Act [61-1-1 NMSA 1978], revoke, suspend or refuse to renew the license of any qualifying broker or associate broker for whom payment from the fund has been made in accordance with the provisions of the Real Estate Recovery Fund Act [61-29-20 to 61-29-29 NMSA 1978]. Further, the commission may refuse to issue or renew the license of any person for whom payment from the real estate recovery fund has been made, until that person reimburses the fund for all payments made on that person's behalf. History: Laws 1980, ch. 82, § 8; 1987, ch. 90, § 10; 2005, ch. 35, § 19. ANNOTATIONSThe 2005 amendment, effective January 1, 2006, provides that of the real estate commission pays a judgment against a qualifying broker or an associate broker from the real estate recovery fund, the real estate commission may revoke, suspend or refuse to renew the license of the qualifying or associate broker.
NM Stat § 61-29-28 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-28 - Waiver.

The failure of any person to comply with all of the provisions of the Real Estate Recovery Fund Act [61-29-20 to 61-29-29 NMSA 1978] shall constitute a waiver of any rights pursuant to that act. History: Laws 1980, ch. 82, § 9. ANNOTATIONS
NM Stat § 61-29-29 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29 - Real Estate Brokers and Salesmen|Section 61-29-29 - Disciplinary action not limited.

Nothing contained in the Real Estate Recovery Fund Act [61-29-20 to 61-29-29 NMSA 1978] shall limit the authority of the real estate commission to take disciplinary action against a licensee for a violation of any of the provisions of Section 61-29-12 NMSA 1978 or of the rules and regulations of the real estate commission, nor shall the repayment in full of all obligations to the real estate recovery fund by any licensee nullify or modify the effect of any other disciplinary proceeding brought pursuant to the provisions of Section 61-29-12 NMSA 1978 or the rules and regulations promulgated by the commission. History: Laws 1980, ch. 82, § 10. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — Grounds for revocation or suspension of license of real estate broker or salesperson, 7 A.L.R.5th 474.
NM Stat § 61-29A-1 to 61-29A-25 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 29A - Thanatopractice (Recompiled.)|Section 61-29A-1 to 61-29A-25 - Recompiled.

ANNOTATIONSRecompilations. — Former Chapter 61, Article 29A NMSA 1978, relating to Thanatopractice License Law, was recompiled as Chapter 61, Article 32 NMSA 1978 by the compiler in 1990 to alphabetize the article headings.
NM Stat § 61-30-1 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 30 - Real Estate Appraisers|Section 61-30-1 - Short title. (Repealed effective July 1, 2024.)

Chapter 61, Article 30 NMSA 1978 may be cited as the "Real Estate Appraisers Act". History: Laws 1990, ch. 75, § 1; 1992, ch. 54, § 1. ANNOTATIONSDelayed repeals. — For delayed repeal of this section, see 61-30-24 NMSA 1978. The 1992 amendment, effective May 20, 1992, substituted "Chapter 61, Article 30 NMSA 1978" for "Sections 1 through 23 and Section 28 of this Act".
NM Stat § 61-30-2 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 30 - Real Estate Appraisers|Section 61-30-2 - Purpose and legislative intent. (Repealed effective July 1, 2024.)

A. The purpose of the Real Estate Appraisers Act [Chapter 61, Article 30 NMSA 1978] is to provide a comprehensive body of law for the effective regulation and active supervision of the business of developing and communicating real estate appraisals in response to the federal Financial Institutions Examination Council Act of 1978, 12 U.S.C. 3301, et seq., as amended by Title XI, Real Estate Appraisal Reform Amendments, 12 U.S.C. 3331 through 3351. B. The legislature intends that persons developing and communicating real estate appraisals be regulated by the state for the protection of those persons relying upon real estate appraisals. History: Laws 1990, ch. 75, § 2. ANNOTATIONSDelayed repeals. — For delayed repeal of this section, see 61-30-24 NMSA 1978.
NM Stat § 61-30-4 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 30 - Real Estate Appraisers|Section 61-30-4 - Administration; enforcement. (Repealed effective July 1, 2024.)

A. The board shall administer and enforce the Real Estate Appraisers Act. B. It is unlawful for a person to engage in the business, act in the capacity of, advertise or display in any manner or otherwise assume to engage in the business of, or act as, a real estate appraiser trainee, a state licensed residential real estate appraiser or a state certified real estate appraiser without a license issued by the board. A person who engages in the business or acts in the capacity of a real estate appraiser trainee, a state licensed residential real estate appraiser or a state certified real estate appraiser has submitted to the jurisdiction of the state and to the administrative jurisdiction of the board, notwithstanding any other provisions or statutes governing all professional and occupational licenses. History: Laws 1990, ch. 75, § 4; 1993, ch. 269, § 2; 2003, ch. 328, § 2; 2014, ch. 33, § 2. ANNOTATIONSDelayed repeals. — For delayed repeal of this section, see 61-30-24 NMSA 1978. The 2014 amendment, effective May 21, 2014, provided for appraiser trainees; and in Subsection B, in the first sentence, after "or act as, a", deleted "state apprentice", after "real estate appraiser", added "trainee, a", and after "state licensed", added "residential", and in the second sentence, after "in the capacity of a", deleted "state apprentice", after "real estate appraiser", added "trainee, a", and after "state licensed", added "residential". The 2003 amendment, effective July 1, 2003, inserted the Subsection A designation and added Subsection B. The 1993 amendment, effective June 18, 1993, deleted "commission and" before "board".
NM Stat § 61-30-5.1 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 30 - Real Estate Appraisers|Section 61-30-5.1 - Temporary provision. (Repealed effective July 1, 2024.)

As the terms of current members of the real estate appraisers board expire, the governor shall appoint or reappoint members in a way that provides for future terms to be staggered. History: Laws 1999, ch. 283, § 8. ANNOTATIONSDelayed repeals. — For delayed repeal of this section, see 61-30-24 NMSA 1978.
NM Stat § 61-30-6 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 30 - Real Estate Appraisers|Section 61-30-6 - Repealed.

ANNOTATIONSRepeals. — Laws 1993, ch. 269, § 22 repealed 61-30-6 NMSA 1978, as amended by Laws 1992, ch. 54, § 4, concerning the powers and duties of the board, effective June 18, 1993. For provisions of former section, see the 1992 NMSA 1978 on NMOneSource.com.
NM Stat § 61-30-8 (2021)
2021 New Mexico Statutes|Chapter 61 - Professional and Occupational Licenses|Article 30 - Real Estate Appraisers|Section 61-30-8 - Board; organization; meetings. (Repealed effective July 1, 2024.)

A. The board shall organize by electing a chair and vice chair from among its members annually. A majority of the board shall constitute a quorum and may exercise all powers and duties established by the provisions of the Real Estate Appraisers Act. B. The board shall keep a record of its proceedings, a register of persons registered, licensed or certified as real estate appraiser trainees, state licensed residential real estate appraisers or state certified real estate appraisers, showing the name and places of business of each, and shall retain all records and applications submitted to the board pursuant to the Real Estate Appraisers Act. C. The board shall meet not less frequently than once each calendar quarter at such place as may be designated by the board, and special meetings may be held on five days' written notice to each of the members by the chair. At least annually, the board shall meet in each of the congressional districts. History: Laws 1990, ch. 75, § 8; 1992, ch. 54, § 6; 1993, ch. 269, § 5; 2003, ch. 328, § 5; 2014, ch. 33, § 5. ANNOTATIONSDelayed repeals. — For delayed repeal of this section, see 61-30-24 NMSA 1978. The 2014 amendment, effective May 21, 2014, provided for appraiser trainees; in Subsection A, after "by electing a", deleted "chairperson" and added "chair and", and after "vice", deleted "chairperson and secretary" and added "chair; in Subsection B, after "licensed or certified as", deleted "state apprentice", after "real estate", deleted "appraisers" and added "appraiser trainees", and after "state licensed", added "residential"; and in Subsection C, in the first sentence, after "members by the", deleted "chairperson" and added "chair". The 2003 amendment, effective July 1, 2003, added "annually" following "among its members" at the end of the first sentence of Subsection A; and in Subsection B, substituted "apprentice real estate appraisers, state" for "registered" following "certified as state" near the middle, inserted "real estate appraisers" following "licensed" near the middle, and inserted "state" preceding "certified real estate" near the middle. The 1993 amendment, effective June 18, 1993, substituted "board" for "commission" near the end of Subsection B. The 1992 amendment, effective May 20, 1992, inserted "registered" in two places in Subsection B.