What is the primary regulatory body overseeing real estate in New Mexico?

The New Mexico Real Estate Commission serves as the primary regulatory body overseeing real estate practices in New Mexico. This commission is responsible for licensing real estate professionals, including brokers and salespersons, ensuring compliance with state laws and regulations, and protecting the interests of consumers in real estate transactions.

The Real Estate Commission plays a vital role in setting and enforcing standards within the industry, as well as managing continuing education requirements for licensees to ensure that they remain knowledgeable about current laws and market practices.

In contrast, the other organizations mentioned have different roles. The New Mexico Department of Revenue handles taxation and revenue collection rather than direct regulation of real estate practices. The New Mexico Land Office is primarily concerned with managing state trust lands rather than overseeing real estate brokers and agents. The New Mexico Association of Realtors is a trade association that supports realtors and advocates for industry interests but does not regulate the practice of real estate. Thus, the New Mexico Real Estate Commission is the appropriate authority vested with regulatory power over real estate transactions and professionals in the state.