N.M. Admin. Code § 16.61.21.9

Current through Register Vol. 35, No. 19, October 8, 2024

Section 16.61.21.9 - PROHIBITED ACTIVITIES

An unlicensed assistant is not permitted to engage in the following activities in connection with the purchase, sale or exchange of real property:

A. preparing legal documents such as listing and sales contracts;

B. interpreting documents, offering opinions or advice;

C. disseminating and distributing information, unless the information is in writing and is prepared and approved by the responsible person;

D. obtaining personal or property information from a client or customer of the responsible person except when acting as a coordinator directed by the responsible person by gathering and following up on information and the status of matters pertaining to the transaction after a contract has been executed;

E. picking up from or delivering to customers or clients financial documents prepared by title companies, lenders or other third persons for the purpose of obtaining signatures;

F. attending a closing without the responsible person present;

G. representing himself or herself as being an associate broker or a qualifying broker or as being engaged in the business of buying, selling, exchanging, renting, leasing, managing, auctioning or dealing with options on any real estate or the improvements thereon for others;

H. telephone solicitation of any kind designed to procure transactions requiring licensure under Section 61-29-1 et. Seq. NMSA 1978, including, but not limited to, procuring buyers, sellers, listings or appointments for listing presentations.

N.M. Admin. Code § 16.61.21.9

8-15-97; 16.61.21.9 NMAC - Rn & A, 16 NMAC 61.21.9, 1-1-2002; A, 1-1-2006