Bill > SB125

This bill amends the definition of "auctioneer" in the New Mexico Real Estate Brokers Act to exempt auctioneers working under the control of a licensed real estate broker from the state's real estate broker licensing requirements. Specifically, the bill adds a provision that the licensing requirements do not apply to "an auctioneer working under the control of a licensee by means of an express written agreement." This change aims to provide an exemption for auctioneers collaborating with licensed real estate professionals, while maintaining the overall licensing framework for real estate brokers in the state.

Business and Industry, Justice, Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=125&year=17