How many points can the Real Estate Commission waive for a Qualifying Broker applicant?

The Real Estate Commission has the authority to waive points for a Qualifying Broker applicant based on specific circumstances. In New Mexico, the regulations allow the Commission to waive up to 30% of the points required for an applicant to qualify for a broker's license. This flexibility helps ensure that applicants who may have had prior relevant experience or education can still pursue their license, even if they do not meet every single point requirement.

This waiver mechanism is designed to recognize that practical experience or unique qualifications can sometimes provide sufficient grounds for a waiver, thereby allowing qualified individuals an opportunity to enter the profession. The option that states up to 30% aligns perfectly with this regulatory framework, supporting the idea that the Commission aims to balance qualification standards with fairness and accessibility to potential brokers.