N.M. Stat. § 48-12-2

Current through 2024, ch. 69

Section 48-12-2 - Definitions

As used in the Commercial Real Estate Broker Lien Act:

A. "broker" means a person licensed as a qualifying broker under the provisions of Chapter 61, Article 29 NMSA 1978; and

B. "commercial real estate" means any real estate other than:

(1) real estate on which no buildings or structures are located and that is zoned for single-family residential use; or

(2) real estate containing one or more single-family residential units, including apartments, condominiums, town houses or homes in a subdivision when sold, leased or otherwise conveyed on a unit-by-unit basis.

NMS § 48-12-2

Laws 2014, ch. 38, § 2.

Added by 2014, c. 38,s. 2, eff. 7/1/2014.